In the previous June-September quarter, the economy had grown at 6.3 per cent, down from 13.5 per cent in the April-June quarter. The economy had grown at 5.4 per cent in the same period last year.
Indian economy slowed further to 4.4 per cent growth rate in the October-December quarter of the current fiscal mainly due to a contraction in the manufacturing sector, showed government data on Tuesday. The number was in line with the RBI’s projection earlier this month.
The GDP (Gross Domestic Product) growth was 11.2 per cent in the third quarter of 2021 and 6.3 per cent in July-September 2022, showed the data released by the National Statistical Office (NSO) on Tuesday.
The manufacturing sector’s output, as per the gross value added in the third quarter of this fiscal, contracted by 1.1 per cent compared to a growth of 1.3 per cent in the year-ago period.
The GDP prices in Q3 are estimated at Rs 40.19 lakh crore, as against Rs 38.51 lakh crore in Q3 2021-22 last fiscal.
