New Delhi: 'India's Q3 GDP growth slowed to 4.4%; economy to grow at 7% in FY23. India's GDP statistics for the quarter of October to December 2022 was released by the government on Tuesday.  Following a quarter of double-digit growth in the current fiscal year, the GDP growth rate was slowed to 6.3% in the previous quarter. The third quarter's Growth figures will be crucial in determining market mood.

As the economic activity in the quarter stayed noticeably uneven, experts predicted that development momentum would be moderate for Q3FY23. Agriculture, however, is expected to experience reasonable growth among important industries.

The RBI had estimated 6.8% real GDP growth for the two-year period of 2022–2023 and 4.4% for the third quarter.

2021-22 GDP growth rate revised
The NSO has revised the GDP growth for 2021-22 to 9.1 per cent against the earlier estimate of 8.7 per cent.

India's GDP to grow at 7% in FY23: Second advance estimates
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On real GDP
Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2022-23 is estimated to attain a level of ₹159.71 lakh crore, as against the First Revised Estimate of GDP for the year 2021-22 of ₹ 149.26 lakh crore. The growth in GDP during 2022-23 is estimated at 7.0 percent as compared to that of 9.1 percent in 2021-22.

Nominal GDP growth at 15.9%
Nominal GDP or GDP at Current Prices in FY23 is estimated to attain a level of ₹272.04 lakh crore as compared to ₹234.71 lakh crore in FY22, showing a growth rate of 15.9 per cent, the ministry said.

Q3 GDP growth data
The Indian economy has grown by 4.4% in the October to December quarter, down from a growth of 6.3% in the second quarter, amid a high inflation and weak demand.

January core sector data
The combined Index of Eight Core Industries jumped 7.8 per cent (provisional) in January 2023 as compared to the Index of January 2022.

ADB projects Indian economy to expand 7%
The Asian Development Bank has projected the Indian economy to expand 7 per cent while the International Monetary Fund (IMF) has pegged the growth at 6.8 per cent in 2022-23.

Fiscal deficit widens YoY
April-January fiscal deficit came in at ₹11.91 lakh crore, or 67.8% of revised annual estimates, government data showed today.

Shares post worst losing streak in 4 yrs ahead of GDP data
Shares registered their longest losing streak in nearly four years today, amid persistent rate hike fears and sustained foreign selling, ahead of the domestic GDP data for the December quarter.

India's GDP grew at 6.3% in Q2FY23
India's GDP grew by 6.3% yoy in the second quarter of current financial year. The government stated that India's GVA grew by 5.6% yoy in Q2.

Indian shares oscillate between gains and losses ahead of Q3 GDP data
As the government is set to release the Q4 GDP data on Tuesday, Indian shares swung between gains and losses on Tuesday. The gains in auto and media stocks were mostly offset by a slide in metals, reported Reuters.

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