Real GDP of India grew by 8.4% in Q3 of FY 2023-24 i.e Dec-2023 ending quarter and this is a good mirror that Modi Government boosting India growth to higher levels

Real GDP of India grew by 8.4% in Q3 of FY 2023-24 i.e Dec-2023 ending quarter.  This is a good mirror that Modi Government boosting India growth to higher levels. Mainly corruption is getting reduced in India during Modi Government. This will definitely boost India growth.

In the same quarter of ending Dec-2023, 

• Manufacturing sector grew by 11.6%.
• Construction sector grew by 9.5%.

Mainly India achieving 8.4% growth when couple of countries getting into recession is definitely great positive factor that India economy is robust.

Nominal GDP or GDP at Current Prices in the year 2023-24 is estimated at ₹293.90 lakh crore, against the FRE of GDP for the year 2022-23 of ₹269.50 lakh crore. The growth in nominal GDP during 2023-24 is estimated at 9.1 per cent as compared to 14.2 per cent in 2022-23.

Real GDP or GDP at Constant (2011-12) Prices in the year 2023-24 is estimated at ₹172.90 lakh crore, against the First Revised Estimates (FRE) of GDP for the year 2022-23 of ₹160.71 lakh crore. The growth in real GDP during 2023-24 is estimated at 7.6 per cent as compared to 7.0 per cent in 2022-23.

GDP at Constant (2011-12) Prices in Q3 of 2023-24 is estimated at ₹43.72 lakh crore, against ₹40.35 lakh crore in Q3 of 2022-23, showing a growth rate of 8.4 percent. GDP at Current Prices in Q3 of 2023-24.