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regular-article-logo Thursday, 26 December 2024

India's GDP grows at 4.4 per cent in Q3, economy to expand at 7 per cent in FY23: Govt data

In October-December 2021, the economy grew by 11.2 per cent

PTI New Delhi Published 28.02.23, 06:03 PM
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India's economic growth slowed down to 4.4 per cent in the third quarter of 2022-23 mainly due to poor performance of the manufacturing sector.

In October-December 2021, the economy grew by 11.2 per cent and by 6.3 per cent in the July-September 2022 quarter, according to data released by the National Statistical Office (NSO) on Tuesday.

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The NSO in its second advance estimate of national accounts pegged the country's growth at 7 per cent for 2022-23.

Besides, the NSO revised the GDP growth for 2021-22 to 9.1 per cent against the earlier estimate of 8.7 per cent.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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