India's Q2 FY23 GDP data to be released at 5:30 PM today

India's Q2 FY23 GDP data to be released at 5:30 PM today

The data would elaborate on the expansion of different sectors like agriculture and manufacturing in the first quarter of this financial year

FPJ Web DeskUpdated: Wednesday, November 30, 2022, 02:44 PM IST
article-image
Image Source: Wikipedia (Representative)

India's GDP data for the July-September quarter of this fiscal year will be released by the National Statistical Office (NSO) later this evening.

The data would elaborate on the expansion of different sectors like agriculture and manufacturing in the first quarter of this financial year.

Many analysts believe the Indian economy will expand at a single-digit rate mainly due to the waning base effect.

According to the rating agency ICRA, the gross domestic product (GDP) is expected to grow at 6.5 percent, while the State Bank of India in its report pegged the growth rate at 5.8 percent.

Last year, the GDP growth rate was 8.4 percent in the July-September quarter.

Earlier this month, in an article published in the Reserve Bank of India (RBI) bulletin, the GDP growth is pegged at 6.1 to 6.3 percent in the second quarter of this fiscal year.

The various GDP growth projections for the second quarter are either half or less than half of the 13.5 per cent recorded in the April-June quarter this fiscal.

RECENT STORIES

Reserve Bank Brass Defends Country's Conduct & Downplays Bretton Woods' Concerns, Days After IMF...

Reserve Bank Brass Defends Country's Conduct & Downplays Bretton Woods' Concerns, Days After IMF...

SpiceJet & Air India Flight Fares Skyrocket, With Tickets For December 6 Costing ₹90,000

SpiceJet & Air India Flight Fares Skyrocket, With Tickets For December 6 Costing ₹90,000

British Multinational BAT Plc Divests 9% Stake In ITC Hotels To Abu Dhabi Investment Authority,...

British Multinational BAT Plc Divests 9% Stake In ITC Hotels To Abu Dhabi Investment Authority,...

'RBI's 0.25% Rate Cut Leaves Door Open For Further Easing To Help Strengthen GDP Growth For Longer':...

'RBI's 0.25% Rate Cut Leaves Door Open For Further Easing To Help Strengthen GDP Growth For Longer':...

FMCG Firm Dabur Receives Letter With "No Adverse Observations" From The BSE Over Amalgamation Of...

FMCG Firm Dabur Receives Letter With