look news india
The Gross Domestic Product (GDP) figures have once again surprised. India's GDP grew at a rate of 7.8 percent in the last quarter of FY 2024. GDP figures are released before the election results. After India's GDP grew at a rate of 7.8 percent in the March quarter, the central government has now estimated the overall growth rate for FY 24 to be 8.2 percent. The GDP growth rate was 6.2 percent as compared to a year ago. However, the pace of development has slowed down in the March quarter as compared to October-December 2023. The country's economy grew at a rate of 8.6 percent in the December quarter. On the economic front, the economic growth rate of China, India's main rival, was 5.3 percent in the January-March quarter. According to government data, the country's GDP growth rate has been 8.2 percent in the financial year 2023-24, while it remained at a rate of seven percent in 2022-23.
Core Sector Statistics
India's core sector numbers improved due to a rise in electricity and steel production. The eight major sectors of the core sector recorded a growth of 6.2 percent in April. Coal production grew 7.5 percent and electricity generation 9.4 percent this month. In March, coal production grew 8.7 percent and electricity generation 8.6 percent.