India's GDP grows at 6.1 Per Cent in March quarter, clocks 7.2 Per Cent growth in FY23

India's gross domestic product or GDP expanded by 6.1 per cent in the fourth quarter (Q4) of fiscal year 2022-23, according to the official data shared by the National Statistical Office (NSO). For the entire FY23, the growth rate came in at 7.2 per cent. In Q4FY22, gross domestic product (GDP) growth was 4 per cent.

The growth in real GDP during 2022-23 is estimated at 7.2 per cent as compared to 9.1 per cent in 2021-22, while nominal GDP or GDP at Current Prices in the year 2022-23 is estimated to attain a level of Rs 272.41 lakh crore, as against Rs 234.71 lakh crore in 2021-22, showing a growth rate of 16.1 per cent, according to the release.

In Q3FY23, the GDP growth rate was 4.4 per cent, while it was 6.3 per cent in Q2FY23, and 13.2 per cent in Q1FY23.