Arvind Panagariya, the chairman of the 16th Finance Commission, praised India's GDP growth rate of 8.2% for the fiscal year 2023-24, calling it "great news for India." However, the National Statistical Office (NSO) reported that India's economy grew at a four-quarter low of 7.8% in the March quarter. The GDP growth rate for the fiscal year 2023-24 surpassed the 7% recorded in the previous fiscal year. ICRA Chief Economist Aditi Nayar noted a sequential slowdown driven by investment activity, while PHDCCI President Sanjeev Agrawal highlighted the growth as a reflection of efforts towards "Viksit Bharat by 2047." According to the National Statistical Office (NSO) data released on Friday, India's economy grew at a four-quarter low of 7.8 per cent in the March quarter.The economy grew 8.2 per cent in the June quarter, 8.1 percent in the September quarter, and 8.6 per cent in the December quarter. (ICE NEW DELHI)

Fonte notizia: Economic Times