National Statistical Office announces GDP for 2nd Quarter (July-September) of FY 2023-24

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation announced the Gross Domestic Product (GDP) data, for the second quarter (Q2), spanning July to September months of the financial year (FY) 2023-24.

 

The second quarter GDP growth stood at 7.6%. Agriculture, livestock, forestry & fishing industry grew 1.2 percent in Q2 FY24. Mining & quarrying grew 10 percent in Q2FY24. 

 

The manufacturing sector grew at 13.9



percent. The construction sector grew at 13.3 percent in Q2FY24.

 

Economists expected the growth rate to slow down in Q2 of this financial year as compared to last quarter where it registered robust growth of 7.8 percent. However, India is expected to retain its status as the fastest-growing economy in the world.

 

The Reserve Bank of India (RBI) prediction data also estimates GDP growth to be 6.5 percent for Q2.