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World

India's GDP set to grow 8% or more in Jan-March quarter: finance minister

NEW DELHI: India’s gross domestic product (GDP) is on track to grow by 8% or more in the quarter ending March 31,...
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NEW DELHI: India's gross domestic product (GDP) is on track to grow by 8% or more in the quarter ending March 31, Finance Minister Nirmala Sitharaman said on Saturday.

The economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year, Sitharaman added, citing the impact of improved inflation management and macroeconomic stability.

"Hopefully the fourth quarter ... will also have (growth) of 8% or above 8% resulting in 2023/24 having an average growth in GDP of 8% or over 8%," Sitharaman said during an event in the financial hub of Mumbai.

India to be world’s third-largest economy by 2030: S&P Global Ratings

India's GDP data for the Jan-March quarter is due to be released on May 31.

Asia's third-largest economy grew 8.4% in the October-December quarter year-on-year, outpacing the 7.6% growth recorded for the previous quarter.

India's economy is projected to grow at 7.6% in the current fiscal year to March 31, according to the latest government estimates.

India gdp Nirmala Sitharaman india economy

Comments

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Zarzan khan Mar 30, 2024 11:31pm
India is living on false spound bites. Indian Business community hire their own economist and get real figures not bjp, RSS ones. Real figure came out to be 4.2% GSP.
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Mekal Faruki Mar 31, 2024 01:32am
US investment in India, because India attacked China. US covert operation to Encircle, Blockade China, to restrict Chinese development. US operation includes all of Chinese neighbors.
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Re=== Mar 31, 2024 09:38am
Here is the reason for this growth..Tak a good .look at this finance minister, and search up her house and photos on the internet. Lives on govt salary,no decent car, and a modest very house.
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Sumru Mar 31, 2024 12:03pm
India eyes at 8% and Pakistan eyes at 0% what the crooks have done!
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Re=== Mar 31, 2024 07:27pm
@Mekal Faruki, If you think like a Pakistani, living in the conspiracy world, no wonder you have 0% growth.
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Re=== Mar 31, 2024 08:57pm
@Zarzan Khan, It is amazing that India has been able to fool the World Bank (which agrees with the figure) and all leading economists except you. Amazing! You must be a genius.
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Re=== Mar 31, 2024 08:57pm
@Mekal Faruki, yeah Apple opened a plant becuase India attached china.
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