GDP Data: The pace of growth of the Indian economy slowed down, GDP was 6.3 percent in the second quarter of 2022-23

Posted on 30th Nov 2022 06:06 pm by rohit kumar

The country's economy has grown at the rate of 6.3 percent between July and September in the second quarter of the current financial year 2022-23. In the first quarter (1st Quarter) of the financial year 2022-23 (1st Quarter) between April and June, the Indian economy had grown at the rate of 13.5 percent. While in the second quarter of the last year 2021-22, the country's economic growth rate (GDP) was 8.4 percent. While the GDP in the second quarter of 2020-21 was - 7.5 percent (negative). The GDP figures have come as per RBI's estimates. RBI has also estimated GDP to be between 6.1 to 6.3 percent in the second quarter. had expressed

 

Releasing the GDP figures for the second quarter on behalf of the Ministry of Statistics & Program Implementation, it was said that in the second quarter of the financial year 2022-23, GDP reached Rs 38.17 lakh crore. , which stood at Rs 35.73 lakh crore in the same quarter last year. The second quarter of the last two financial years 2020-21 and 2021-22 was affected by restrictions due to the Corona epidemic. But this time it is not so. However, due to global factors, there was a huge rise in commodity prices in this quarter as well.

 

health of sectors

In the data released by NSO, it has been said that in the second quarter of the financial year 2022-23, the growth rate of the manufacturing sector has gone into minus and it has been -4.3 percent as compared to 5.6 percent in the same quarter of the previous year. The growth rate of the agriculture sector has been 4.6 percent as compared to 3.2 percent in the second quarter of 2021-22. The growth rate of the construction sector has been 6.6 percent while it was 8.1 percent in the second quarter of 2021-22. Similarly, the growth rate of services related to trade, hotel, transport, communication, and broadcasting has been 14.7 percent, which was 9.6 percent in the second quarter of 2021-22. The growth rate of financial, real estate, and professional services has been 6.5 percent, which was 19.4 percent in the second quarter of last year. The growth rate of electricity, gas and water supply, and other utility services has been 5.6 percent in the second quarter of the current financial year, which was 8.5 percent in the same period last year.

 

Also Read: RBI Digital Currency: Digital Rupee for the common man from tomorrow, know how it will work, what are its benefits?

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