GDP grows by 6.3% in Q2FY23; agriculture remains a bright spot

The real GDP grew by 6.3% YoY in Q2FY23 (6.2% our forecast) against 13.5% in previous quarter. Gross value added (GVA) grew by 5.6% in Q2FY23 from 12.7% in Q1FY23. From the demand side, private final consumption expenditure increased by an impressive 9.7% YoY showing traction in demand.

December 1, 2022

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