logo
 
Finance Minister Nirmala Sitharaman has said that India’s gross domestic product (GDP) will grow by 8 per cent or more in the fourth quarter of the current fiscal year. Addressing an Investment Summit in Mumbai, she said, the economy is expected to show the same rate of year-on-year growth for the 2023-24 financial year due to the impact of improved inflation management and macroeconomic stability.

India, the third-largest economy in Asia, grew 8.4 per cent in the October-December



quarter year-on-year, outpacing the 7.6 per cent growth recorded for the previous quarter. Ms Sitharaman said that following the 8.4 per cent growth in the third quarter, various institutions have upgraded their GDP growth forecasts for India. She said, the most recent upgrade came from Goldman Sachs, which has raised its 2024 economic growth projection for India to 6.6 per cent, a 10 basis points improvement from its previous forecast.





No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Do you think Ruturaj Gaikwad would be a good captain for Chennai Super Kings?

Yes
No
Can't Say