NEW DELHI: India’s economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, dragged down mainly by the poor performance of manufacturing and mining sectors, official data showed.
However, India remained the fastest-growing major economy as China registered an economic growth of 3.9 per cent in July-September 2022.
The Indian economy grew by 8.4 per cent in July-September, 2021-22, as per the data released by the National Statistical Office (NSO). The gross domestic product (GDP) expanded by 13.5 per cent in the April-June quarter this fiscal. The second quarter
GDP growth is almost at par with the RBI’s projection of 6.1 per cent to 6.3 per cent released earlier this month in one of the articles published in its bulletin.
“Real GDP or GDP at Constant (2011-12) Prices in Q2 2022-23 is estimated at Rs 38.17 lakh crore, as against Rs 35.89 lakh crore in Q2 2021-22, showing a growth of 6.3 per cent as compared to 8.4 per cent in Q2 2021-22,” the NSO statement said.