India Q2 (Jul-Sep) 2023-24 Growth Beats All Estimates

India’s economy grew at 7.6% per cent in the July-September quarter as against 7.8% in the April-June quarter, showed government data on Thursday.In the April-June quarter, the gross domestic product (GDP) growth was 6.2%. The Reserve Bank of India (RBI) had projected a growth rate of 6.5% during Q2FY24. The manufacturing sector, which for the past decade has accounted for just 17% of the economy, expanded 13.9% year-on-year in the September quarter, compared with a revised 4.7% in the previous three months. "Real GDP or GDP at Constant (2011-12) Prices in Q2 2023-24 is estimated to attain a level of Rs 41.74 lakh crore, as against Rs 38.78 lakh crore in Q2 2022-23, showing a growth of 7.6% as compared to 6.2% in Q2 2022-23," said Ministry of Statistics & Programme Implementation in a statement. Explore an exclusive discussion on GDP data with BTTV Managing Editor Siddharth Zarabi, featuring insights from Economist Saugata Bhattacharya, Chief Economist of Bank of Baroda Madan Sabnavis, and Chief Economist of Crisil Dk Joshi.