Prime Minister Narendra Modi on Wednesday taking to Twitter asserted that the Indian economy’s annual growth rate of seven.2 p.c underscores its resilience amidst global challenges. National Statistical Office (NSO) not too long ago launched information mentioning that India’s financial system grew 6.1 p.c within the fourth quarter of 2022-23. Moreover, It has pushed up the annual growth rate to 7.2 p.c. The information revealed that the growth within the January-March interval was greater than the 4.5 p.c growth within the earlier October-December quarter of 2022-23.
“The 2022-23 GDP growth figures underscore the resilience of the Indian economy amidst global challenges,” PM Modi tweeted. “This robust performance along with overall optimism and compelling macro-economic indicators, exemplify the promising trajectory of our economy and the tenacity of our people,” his tweet additional reads.Â
The growth propelled the Indian Economy to USD 3.3 trillion and set the stage for attaining the USD 5 trillion goal within the subsequent few years.
Apart from this, Finance Minister Nirmala Sitharaman’s anticipation for the Centre’s fiscal deficit got here true because it narrowed to six.4 p.c of the GDP in 2022-2023 from 6.71 p.c in FY22. The authorities earlier aimed to additional carry down the fiscal deficit in the course of the present monetary 12 months 2023-24 to five.9 p.c of the GDP.Â
ALSO READ | India’s GDP grows at 6.1 per cent in January-March 2023: Government information | DETAILS
ALSO READ | Centre’s fiscal deficit for 2022-2023 narrows to six.4 computer of GDP | DEETS inside
