INDIA'S Q2FY24 GDP GROWTH POSTS RESILIENT 7.6% JUMP LED BY MANUFACTURING UPTICK

The GDP growth for the September quarter showed a mild easing from 7.8% in Q1 FY2024.

- NIVEDITA MUKHERJEE

Surpassing expectations and Reserve Bank of India projections, India's GDP in the July-September quarter of 2023 (Q2 FY24) registered a robust growth of 7.6 per cent year-on-year, led by a double digit surge in manufacturing sector -- despite the headwinds to exports -- and an upswing in the key infrastructure sector growth of 12.1 per cent in October, shows the latest Government figures on Thursday. India's GDP grew 6.2 per cent in the corresponding quarter of FY23. The RBI had maintained real GDP growth for Q2 at 6.5 per cent.

According to the official statement, "real GDP or GDP at Constant (2011-12) Prices in Q2 2023-24 is estimated to attain a level of Rs 41.74 lakh crore, as against Rs 38.78 lakh crore in Q2 2022-23, showing a growth of 7.6 per cent." The GDP growth for the September quarter showed a mild easing from 7.8% in Q1 FY2024.