Brief by Shorts91 Newsdesk / 01:09pm on 30 Nov 2023,Thursday Business
India's Q2 GDP for 2023 impresses with a robust growth rate of 7.6%, surpassing forecasts of 6.8%. The unexpected surge is attributed to significant expansions in the manufacturing and construction sectors. Manufacturing's gross value added (GVA) spikes to 13.9%, up from 4.7% in the previous quarter, while construction sees a rise to 13.3% from 7.9%. The resilient performance follows Q1's 7.8% expansion, reflecting the nation's economic strength. The Reserve Bank of India's (RBI) conservative estimate of 6.5% is surpassed, indicating a positive trajectory for India's economy in the July-September period.
