India’s GDP growth at 6.1% in Q4FY23, full-year growth at 7.2%

24x7liveindia
May 31, 2023 22:50
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India’s GDP growth at 6.1% in Q4FY23, full-year growth at 7.2%

India GDP grew at 6.1 per cent in the fourth quarter of FY23, better than what analysts and the Reserve Bank of India (RBI) had expected.

The RBI had projected growth in Q4FY23 at 5.1 per cent, while economists predicted the economy to grow over 5 per cent in the January-March period. This indicates that the Indian economy performed significantly better in the last quarter of FY23, even as the global economy faced a slowdown.


Indian government achieved the fiscal deficit target of 6.4% of GDP in FY23. Upbeat gross tax collections and thrust on capex have been the major highlights of the Centre’s fiscal performance during the year.

The Prime Minister has tweeted 

"The 2022-23 GDP growth figures underscore the resilience of the Indian economy amidst global challenges. This robust performance along with overall optimism and compelling macro-economic indicators, exemplify the promising trajectory of our economy and the tenacity of our people."