Economics
Q1 GDP Numbers In: 7.8 Per Cent Growth In April-June Quarter
Swarajya StaffAug 31, 2023, 05:59 PM | Updated 06:09 PM IST
Workers attending to a TBM (MMRC)
India's Gross Domestic Product (GDP) expanded by 7.8 per cent during the April to June quarter (Q1) of the year, according to data released by the National Statistical Office (NSO) on 31 August, 2023.
China's growth in the same period 6.3 per cent. The latest numbers mean that India retains its position as the fastest-growing major economy in the world.
The agricultural sector recorded a growth rate of 3.5 per cent, marking an increase from the 2.4 percent growth registered in the same period of 2022-23
The construction sector grew at 7.9 per cent in Q1 of FY24.
Private consumption registered a growth of 6 per cent in the same period.
