India’s GDP Set To Grow 8% Or More In Fourth Quarter: Nirmala Sitharaman

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India’s gross domestic product (GDP) is on track to grow 8% or more in the quarter ending March 31, Finance Minister Nirmala Sitharaman said on Saturday.

The economy is expected to post the same annual growth rate in fiscal year 2023/2024, Nirmala Sitharaman added, citing the impact of improved inflation management and macroeconomic stability.

“Hopefully, the fourth quarter will also have 8% or more than 8% growth, which will lead to an average GDP growth of 8% or more than 8% in 2023/2024,” Nirmala Sitharaman said during an event in the financial sector. center of Mumbai.

India’s GDP data for the January-March quarter will be released on May 31.

Asia’s third-largest economy grew 8.4% year-on-year in the October-December quarter, surpassing 7.6% growth in the previous quarter.

The Indian economy is expected to grow 7.6% in the current fiscal till March 31, according to the latest government estimates.

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