Data related to India's growth rate was released.New Delhi:
The data for the country's GDP growth rate 2022-23 was released today. India's GDP growth rate has been 2022.23 percent in 7-2. In the latest released data, the GDP growth rate has been said to be 7.2 percent during this period. In 2021-22, the estimate was 9.1 per cent. The Union Statistics Ministry released data in this regard today.
The ministry said that the gross domestic product at constant (2022-23) prices in the fourth quarter of 2011-12 is estimated at Rs 43.62 lakh crore, compared to Rs 2021.22 lakh crore in the fourth quarter of 41-12, showing a growth of 6.1 per cent.
According to the data released by the government today, the fiscal deficit of the central government in the last financial year 2022-23 was 6.4 percent of the gross domestic product. The central government's fiscal deficit stood at 2022.23 percent of gross domestic product (GDP) in the last financial year 6-4. In the revised estimate of the Finance Ministry, the fiscal deficit was also targeted to be the same. Releasing the central government's revenue-expenditure data for 2022-23, the Controller General of Accounts (CGA) said that in value terms, the fiscal deficit stood at Rs 17,33,131 crore (provisional). The government borrows from the market to bridge its fiscal deficit.
The CGA said that the revenue deficit has been 3.9 percent of GDP. At the same time, the effective revenue deficit has been 2.8 percent of GDP.
Last week, RBI Governor Shaktikanta Das had spoken on the same issue at a CII event. According to the RBI, India's growth rate is estimated to be up to 2022 percent in the financial year 23-7. At the same time, it has also been speculated that this rate can be higher.
Das had said that it would not be surprising if the GDP is a little above 7 percent. But for now, it should be considered as 7 percent. According to Shaktikanta Das, the economic growth rate is expected to be 2023.24% during the year 6-5.