India’s GDP grows at 8.4% in Q3; economy to expand at 7.6% in FY24: Govt data

India’s economic growth accelerated to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining and quarrying and construction sectors.

The Indian economy recorded a growth of 8.4 per cent in the third quarter of this fiscal (October-December 2023), according to data released by the National Statistical Office (NSO) on Thursday.

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The NSO, in its second advance estimate of national accounts, pegged the country’s growth at 7.6 per cent for 2023-24.

It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024.

The NSO also revised the GDP growth for 2022-23 to 7 per cent against the earlier estimate of 7.2 per cent.