India GDP News
India’s Q2 Gross Domestic Product (GDP) for the July-September period of the current financial year is 6.3%. GDP is derived as the sum of the gross value added (GVA) at basic prices, plus all taxes on products, less all subsidies on products. The government will release quarterly GDP estimates for the quarter October-December, 2022 (Q3 2022-23) on February 28, 2023.
Soumya Kanti Ghosh, the group chief economic adviser at State Bank of India, on Tuesday said he expects the GDP to clip past 15.7 per cent in the first quarter with more chances of the final numbers printing in higher, while Aditi Nayar, the chief economist at the rating agency Icra, said the economy will grow much lower at 13 per cent in the June quarter.