India GDP growth slows down to 4.4% in Q3; FY23 estimate retained at 7%

In the first Advance Estimates released in January too, MoSPI had estimated GDP growth in FY23 at 7 per cent

Indian economy grew at 4.4 per cent between October and December 2022 (Q3FY23), data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday showed. However, in the current financial year, India's gross domestic product (GDP) is expected to grow at 7 per cent. 

However, the estimates for FY22 have been revised upwards to 9.1 per cent. The growth in nominal GDP at current price during FY23 is estimated at 15.9 per cent as compared to 18.4 per cent in FY22.

In the first Advance Estimates released in January too, MoSPI had estimated GDP growth in FY23 at