India's economic growth rate in the second quarter of 2023 was 7.6%

Category : Business and economics Published on: December 04 2023

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Recently the Central Government released the figures of the country's economic growth rate.
These figures are for the second quarter of the financial year 2023-24.
Second quarter means from June to September.
According to this data, the country's economic growth rate in this second quarter has been 7.6%.
The main reason for the economy registering growth is the better performance of the manufacturing, mining and service sectors.
The country's economic growth rate in the first quarter of 2023-24 was 7.8%.
India is the fastest growing economy in the world with a growth rate of 7.6%.
Nominal GDP or gross domestic product at current prices in the second quarter of the year 2023-24 is estimated to be Rs 71.66 lakh crore.
Whereas in the second quarter of the year 2022-23 it was Rs 65.67 lakh crore.