India's Economy Grows 7.6% in September Quarter
Nov 30, 2023 17:56
India's economy expanded by 7.6% in the September quarter, driven by strong manufacturing growth. The country remains the fastest-growing major economy.
New Delhi, Nov 30 (PTI) India's economy grew 7.6 per cent in the September quarter as against 6.2 per cent in the year-ago period, according to official data released on Thursday.
India remains the fastest-growing major economy, as China's GDP growth in the July-September quarter this year was 4.9 per cent.
As per the National Statistical Office (NSO) data, the GVA (Gross Value Added) of the agriculture sector recorded a 1.2 per cent growth, down from 2.5 per cent in the July-September quarter of 2022-23.
The GVA growth of the manufacturing sector accelerated to 13.9 per cent in the second quarter of the current fiscal against a decline of 3.8 per cent a year ago.
The growth in Gross Domestic Product (GDP) during the April-September period in 2023-24 stood at 7.7 per cent compared to 9.5 per cent in the first half of the last financial year.
The GDP growth in the first quarter of the current fiscal remained unchanged at 7.8 per cent.
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