India’s consistently grows on high road
Effects of economic reforms visible, H1 FY2023-24 GDP grows at 7.7%
India has exhibited remarkable strength and resilience in the post-COVID era, with the Gross Domestic Product (GDP) witnessing an annual growth rate exceeding 7% over the past two financial years (2021-22 and 2022-23). As per Q1 and Q2 of FY 2023-24 estimates provided by the Ministry of Statistics and Programme Implementation, this positive trajectory has persisted into the current fiscal year too, with GDP growth remaining above 7% in both the first and second quarters. The Q1 2023-24 grew at 7.8% and Q2 2023-24 grew at 7.6% making an average growth rate of 7.7% in H1 or First Half of the FY 2023-24.
This consistent economic performance underscores India's ability to rebound effectively from the challenges posed by...