GDP grows by 4.4% in Q3 2022-23: Manufacturing lag continues, overall Industry sector picks up

GDP grows by 4.4% in Q3 2022-23: Manufacturing lag continues, overall Industry sector picks up

The real GDP grew by 4.4% YoY in Q3FY23 against 6.3% in previous quarter as pandemic’s base effect continued to fade, domestic inflation began weighing on consumer demand and exports declined on the back of softening global demand. This is same as what RBI had forecasted for the quarter.

March 1, 2023


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