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GDP growth expected to be 6.7% in the fourth quarter; 7% in FY24: Ind-RA

India Ratings and Research projects the country’s GDP growth rate of 6.7% for the March quarter and around 6.9-7% for the 2023-24 financial year, its chief economist Sunil Kumar Sinha said. GDP figures for the fourth quarter (January-March 2024) and provisional estimates for the financial year 2023-24 are expected to be released by the government on May 31.

The Indian economy grew by 8.2% in the June quarter, 8.1% in the September quarter and 8.4% in the December quarter of 2023-24. “We expect Q4 growth to be 6.7 per cent and overall GDP growth for FY24 to be around 6.9-7 per cent,” Sinha said.

Also read: India’s economic growth must prioritize human development, says CEA Nageswaran


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