India’s GDP Grows at 13.5% in Q1 of 2022-23, Fastest In A Year

India's Gross Domestic Product in the first quarter, April-June, of this fiscal year has grown exponentially at 13.5 per cent, according to data released by National Statistical Office (NSO).

India's annexation to the 3rd place will be achieved by 2028, two years before expected.

New Delhi: India’s Gross Domestic Product in the first quarter, April-June, of this fiscal year has grown exponentially at 13.5 per cent, according to data released by National Statistical Office (NSO). During the same period last year India’s GDP growth stood at 20.1 per cent

The data also reveals that core sector output has slowed down to 4.5 per cent in July against 9.9 per cent a year ago.

April-June farm sector growth at 4.5 per cent
April-June GVA growth at 12.7 per cent

EIGHT CORE INDUSTRIES’ DATA

Fertilizers production increased by 6.2 per cent in July, 2022 over July, 2021
Cement production increased by 2.1 per cent in July, 2022 over July, 2021
Electricity generation increased by 2.2 per cent in July, 2022 over July, 2021
Steel production increased by 5.7 per cent in July, 2022 over July, 2021
Petroleum Refinery production increased by 6.2 per cent in July, 2022 over July, 2021
Natural Gas production declined by 0.3 per cent in July, 2022 over July, 2021
Crude Oil production decreased by 3.8 per cent in July, 2022 over July, 2021
Coal production increased by 11.4 per cent in July, 2022 over July, 2021