GDP growth of 7.6 percent in July-September better than the estimate

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- India's GDP in the second quarter Rs 41.74 lakh crore

- In the first quarter of the current financial year, the GDP was 7.8 percent, while in the second quarter of the previous financial year, the GDP was 6.2 percent.

- China's GDP in July-September, 2023 only 4.9 percent

New Delhi: India's economy has grown at the rate of 7.6 percent in the second quarter of the current financial year i.e. from July to September due to the good performance of the manufacturing, mining and service sectors, according to the figures released by the government.

Along with this, India is becoming the fastest growing economy among the world's leading economies, according to the statistics issued by the National Statistical Office (NSO). It is worth mentioning that in the July-September quarter of 2023, China's GDP was 4.9 percent.

It may be mentioned that the GDP was 6.2 percent in July-September second quarter of last financial year 2022-23. While in the first quarter of the current fiscal year 2023-24, the GDP was 7.8 percent in April-June.

RBI had projected a growth rate of 6.5 percent for the second quarter of the current financial year. While some experts believed that India's GDP will be seven percent in the second quarter. However, good experts estimate the GDP figures to be better.

In rupee terms, the GDP in the second quarter has been Rs 41.74 lakh crore. Which was Rs 38.78 lakh crore in the second quarter of last year. That is, a growth of 7.6 percent has been seen in the GDP compared to the same period of last year.

The growth in GDP in the second quarter of the current financial year shows the strength of the Indian economy despite several challenges at the global level. The government has stated that it is determined to create more opportunities for the people, eradicate poverty faster and develop faster to make life easier for its people.

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