The Finance Minister forecasts 8% or higher GDP growth for India in the January–March quarter
Sitharaman said that the economy is anticipated to grow at a flat rate annually during the 2023–2024 fiscal year, citing the benefits of improved macroeconomic stability and greater control over inflation.
On May 31, India's GDP statistics for the quarter ending in March will be made public.
According to Finance Minister Nirmala Sitharaman, India's GDP is expected to expand by 8% or more in the quarter that ends on March 31.
Sitharaman said that the economy is anticipated to grow at a flat rate annually during the 2023–2024 fiscal year, citing the benefits of improved macroeconomic stability and greater control over inflation.
At a gathering in Mumbai, the financial center, Sitharaman said, "The expectation is that even in the fourth quarter (growth) will be 8% or above 8%, resulting in average GDP growth of 8% or 8% in 2023/24." Becoming greater than."
On May 31, India's GDP statistics for the quarter ending in March will be made public.
In the quarter ending in December, the third-biggest economy in Asia expanded by 8.4% annually, surpassing the growth of 7.6% during the preceding quarter.
The most recent official projections state that India's GDP would expand by 7.6% through March 31 of this fiscal year.
