India’s economy has shown robust growth in recent years, driven by strong domestic demand, government investments, and a resilient services sector. According to recent government data, India recorded a GDP growth of 8.2% in FY 2023–24, cementing its status as the world’s fastest-growing major economy. This economic performance reflects positive momentum across key sectors including manufacturing, construction, and financial services.

Key Points:

• India’s real GDP grew by 8.2% in 2023–24, up from 7.0% in 2022–23, signaling strong economic momentum.
• The fourth quarter (Jan–Mar 2024) alone witnessed GDP growth of 7.8%, highlighting a steady recovery trajectory.
• Key growth drivers included manufacturing (9.9%), construction (9.9%), and financial services (8.5%).
• The agriculture sector showed slower growth at 1.4% due to erratic monsoons and related challenges.
• The per capita income rose to ?1.72 lakh in FY 2023–24, reflecting improved living standards and income generation.