New Delhi, May 31
India’s economy grew 6.1 percent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 percent, official data showed on Wednesday.
Growth in the January-March period was higher than the 4.5 percent expansion in the previous October-December quarter of 2022-23.
The Gross Domestic Product (GDP) had expanded by 4 percent in the January-March period of 2021-22, according to data released by the National Statistical Office (NSO).
As per the data, the economy expanded 7.2 percent in 2022-23 against a 9.1 percent growth in 2021-22.
The NSO in its second advance estimate of national accounts had pegged the country’s growth at 7 percent for 2022-23.
China has registered an economic growth of 4.5 percent in the first three months of 2023.