Thank you for joining our coverage of the first advance estimate of India's GDP. We will now wrap the blog. Good night.

Jan 6, 2023 8:06 PM

Construction sector growth expected to decelerate

The financial, real estate, and professional services segment is projected to grow at 6.4 percent in the current fiscal, up from 4.2 percent in 202-22. However, construction sector growth is expected to decelerate to 9.1 percent from 11.5 percent a year ago.

Jan 6, 2023 7:41 PM

READ: Industrial production, consumer and wholesale price indices' data to be released soon: Here's what to expect

The government will release the index of industrial production (IIP) data and consumer price index (CPI) data on January 12, and wholesale price index (WPI) data on January 16.

Jan 6, 2023 7:17 PM

The nominal GDP growth is pretty much closer to our expectation of 15.6%, says senior economist

“So this should give about Rs 95,000-1,00,000 crore of additional room to government to run a higher absolute fiscal deficit even if they want to maintain same deficit in percentage of GDP terms. So that much is the leeway. All signs are that this leeway will be utilised by the government also,” said, Abhishek Upadhyay, Senior Economist, I-Sec PD.

Jan 6, 2023 7:00 PM

7% GDP growth implies growth in last half of the year won't be much higher than 4.5%, says former chief statistician

Pronab Sen, Former Chief Statistician, said, that the 7 percent GDP growth is along expected lines. "However what this implies is that the growth in the last half of the year will not be very much higher than 4.5 percent or little higher than that. As far as 15.4 percent nominal GDP growth is concerned, I think the NSO is expecting inflation to come down faster than even possibly the Reserve Bank of India has. So I think there is little bit of optimism built into that,” he added.

Jan 6, 2023 6:49 PM

7% GDP growth on expected lines, says India Ratings' Chief Economist

“7 percent GDP growth is more on the expected lines. We were expecting it to be at 6.9 percent. However our estimate of nominal GDP growth was much higher than 15.4 percent. We expected it to be at 16.5 percent or so,” said Devendra Pant, Chief Economist, India Ratings.

Jan 6, 2023 6:44 PM

Indian economy's growth trajectory since 2019

Jan 6, 2023 6:31 PM

READ: India's GDP may grow 7% in FY23: First advance estimates

Releasing the first advance estimates of National Income for 2022-23, the NSO stated, "Real GDP or GDP at Constant (2011-12) Prices in the year 2022-23 is estimated at Rs 157.60 lakh crore, as against the Provisional Estimate of GDP for the year 2021-22 of Rs 147.36 lakh crore, released on 31st May 2022. The growth in real GDP during 2022-23 is estimated at 7.0 percent as compared to 8.7 percent in 2021-22."

Jan 6, 2023 6:18 PM

Categories figures - Street estimates

The Street had estimated the growth to be 3.8 percent down for agriculture, 1.8 percent higher for mining, 0.4 percent for manufacturing and 7.7 percent growth for electricity.

Jan 6, 2023 6:12 PM

Categories figures

The FY23 electricity growth came in a 9 percent, compared to 7.5 percent last year. For trade and hotels, a 13.7 percent growth was estimated from last year's 11.1 percent. For Finance, real estate, it was 6.4 percent from last fiscal's 4.2 percent.

Jan 6, 2023 6:01 PM

Categories figures

The FY23 agriculture growth came in at 3.5 percent compared to the previous year's 3 percent. Mining growth was reported at 2.4 percent from last year's 11.5 percent. Meanwhile, manufacturing growth was seen at 1.6 percent from last year's 9.9 percent.

Jan 6, 2023 5:53 PM

FY23 real GDP comes in at 7%

The FY23 GDP estimate numbers are out. The real GDP growth is at 7% and the FY23 nominal GDP growth at 15.4%

Jan 6, 2023 5:50 PM

The FY23 GVA comes in at 6.7%, from last year's 8.1%

The FY23 GVA was close to Street estimates of 6.6%

Jan 6, 2023 5:47 PM

World Bank on India's real GDP

Last month, the World Bank said it expected India's real GDP to grow at 6.9 percent in the FY23, up from its previous projection of 6.5%.

Jan 6, 2023 5:27 PM

Street estimates real GDP to be at 6.9%

According to the CNBC-TV18 poll, the FY23 real GDP is estimated at 6.9 percent, nominal GDP is seen growing at 15.8 percent to Rs 269 trillion, and the fiscal deficit works to Rs 17.2 trillion.

Jan 6, 2023 5:12 PM

Load more