Key Points
India's gross domestic product (GDP) will grow by 8% or more in the fourth quarter of current fiscal year, Finance Minister Nirmala Sitharaman said on Saturday...
Sitharaman said that the economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year due to the impact of improved inflation management and macroeconomic stability...
"Hopefully the fourth quarter ... will also have (growth) of 8% or above 8% resulting in 2023/24 having an average growth in GDP of 8% or over 8%," Sitharaman said during an event in the financial hub of Mumbai...
India, the third-largest economy in Asia, grew 8.4% in the October-December quarter year-on-year, outpacing the 7.6% growth recorded for the previous quarter...
"I would not hesitate to say that Indias GDP growth in FY24 will exceed 7.6%, it might be closer to 8%," he said in an interview to ETNow earlier this month...
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