India Logs July-September Quarter GDP Growth At 7.6%

India’s Q2 GDP Data Out: India’s gross domestic product (GDP) grew 7.6 per cent y-o-y during the July-September 2023 quarter (Q2 FY24) as compared with the 6.2 per cent growth recorded a year ago, according to the latest official data released on Thursday. The Q2 FY24 GDP growth is more than what was expected by analysts.

For Q2 FY24, analysts had expected a GDP growth between 6.5 per cent and 7.1 per cent year-on-year (y-o-y).

India’s economy had grown 7.8 per cent in the April-June 2023 quarter.

“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 as compared to 6.2 per cent in Q2 2022-23,” according to an official statement.