Daily Current Affairs on India's GDP growth rises to 7.8 percent in April to June quarter for Jharkhand Civil Services (JPSC) Preparation

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India's GDP growth rises to 7.8 percent in April to June quarter

India's Gross Domestic Product (GDP) registered a growth of 7.8 percent in the April-June quarter of the current fiscal (2023-2024), compared to a growth of 6.1 percent in the previous January-March quarter of fiscal 2022-23. According to official data shared by the National Statistical Office.

  • The country’s real GDP came in line with economists’ estimate of 7.7-8.5 percent. Manufacturing posted a growth of 4.7 percent in the April-June quarter quarter. 
  • The Agriculture sector registered a growth of 3.5 percent; while the services sector grew at 9.2 percent. 
  • Meanwhile, India’s nominal GDP or GDP at Current Prices in Q1FY24 showed a growth rate of 8 percent as compared to 27.7 percent in Q1 FY2022-23.

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