The latest data released by the National Statistical Data (NSO) on Thursday revealed that India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period.
It further claimed that India remains the fastest-growing major economy as China’s GDP growth in the April-June quarter was 6.3 per cent. As per the NSO data, the agriculture sector recorded a 3.5 per cent growth, up from 2.4 per cent in the April-June quarter of 2022-23.
Growth drops in manufacturing sector
However, the growth in the manufacturing sector slipped to 4.7 per cent in the first quarter of the current fiscal compared to 6.1 per cent in the year-ago period. The growth in Gross Domestic Product (GDP) during the January-March quarter of 2022-23 was 6.1 per cent and 4.5 per cent in October-December.
More details are awaited…