Bharat Express

GDP

The country is on the path to progress. at 7.8 percent, we now have the highest growth rate among all the major economies of the world.

Indian GDP, as was predicted, displays expected and brilliant future outcomes showing the fast growth of the emerging super power in the financial field as well..

A significant rise in new business, fueled by favourable market dynamics and favourable demand conditions, contributed to India's strong expansion.

''India is an engine of global growth,'' says Gopinath without mincing words. ''Still, a lot more work has to be done,'' adds she..

The better-than-expected GDP growth numbers even saw Prime Minister Narendra Modi tweeting that the data “underscore the resilience of the Indian economy amidst global challenges”.

Government data released on Wednesday revealed that the economy exceeded all estimates by achieving a growth rate of 6.1 percent in the January-March quarter, a significant increase from the revised growth of 4.5 percent in the previous quarter.

Manufacturing and capital spending as a percentage of GDP has continuously risen, Morgan Stanley said, adding export market share is projected to more than double to 4.5 per cent by 2031.

Last week, Reserve Bank Governor Shaktikanta Das said the growth for 2022-23 is expected to be more than the advance estimate of 7 per cent.

Service exports jumped over 40% in FY23, according to government data last month.

The country's GDP grew at 6.1 per cent in January-March 2023, the data showed.