New Delhi: The country’s economic growth rate has been 6.1 percent in the fourth quarter of the last financial year 2022-23. With this, the GDP (Gross Domestic Product) growth rate during the entire financial year has reached 7.2 percent.
According to the data released on Wednesday by the National Statistics Office, the economic growth rate in the October-December quarter of the financial year 2022-23 was 4.5 percent. The GDP growth rate was four percent in the January-March quarter of 2021-22. According to the data, the economic growth rate in the entire financial year 2022-23 was 7.2 percent.
In the previous financial year 2021-22, it was 9.1 percent. The National Statistics Office had expressed the possibility of the country’s growth rate being seven percent in the second advance estimate.
GDP refers to the total value of goods and services produced within a country’s borders. China’s economic growth rate was 4.5 percent in the first quarter of 2023.
