GDP - Q2 FY 2024
05-Dec-2023
The Indian economy posted robust gains in the second quarter of FY 2023-24, driven
by a sharp rebound in the industrial sector activity. The real GDP growth for the
second quarter stood at 7.6 per cent, standing significantly higher than RBI’s
projection of 6.5 per cent for the quarter. With this, the real GDP growth for the first
half of the year stands at 7.7 per cent, implying that the economy stands on a rather
firm footing, despite external headwinds and higher interest rates prevailing
currently. The annual growth in GVA stood at 7.4 per cent during the quarter as
against 5.4 per cent in the corresponding period of last year.