The government has received great news before the election results. GDP growth has been estimated at 8.2% in the financial year 2023-24, while the growth rate in the financial year 2022-23 is 7.0%. Real GDP has grown by 7.2% in 2023-24, while this growth rate was 6.7% in 2022-23. Real GVA and real GDP have been estimated to grow by 6.3% and 7.8% in the fourth quarter of the financial year 2023-24.
GDP will increase by this much
Real GDP or GDP at constant prices is estimated to reach Rs 173.82 lakh crore in FY 2023-24, as against the First Revised Estimate (FRE) for 2022-23 of Rs 160.71 lakh crore. The growth rate of real GDP in 2023-24 is estimated at 8.2%, higher than 7.0% in 2022-23. GDP or GDP at current prices is expected to reach Rs 295.36 lakh crore in 2023-24, as against Rs 269.50 lakh crore in 2022-23, indicating a growth rate of 9.6%.
Real Gross Value Added (GVA) is estimated at ₹ 158.74 lakh crore in 2023-24, higher than FRE ₹ 148.05 lakh crore for 2022-23, showing a growth rate of 7.2% as compared to 6.7% in 2022-23. GVA is expected to reach ₹ 267.62 lakh crore during FY 2023-24 as against ₹ 246.59 lakh crore in 2022-23, showing a growth rate of 8.5%.
The news is being updated…
