India sees estimated 8.4% real GDP growth in Q3 FY24

01 Mar '24

2 min read

India sees estimated 8.4% real GDP growth in Q3 FY24

Insights

India's real FY24 GDP is estimated at ₹172.90 lakh crore compared to the first revised estimate of ₹160.71 lakh crore for FY23 GDP.
Real GDP growth during FY24 is estimated at 7.6 per cent compared to 7 per cent in FY23.
Real GDP in Q3 FY24 is estimated at ₹43.72 lakh crore compared to ₹40.35 lakh crore in Q3 FY23—a growth rate of 8.4 per cent.

India’s real gross domestic product (GDP) in fiscal 2023-24 (FY24) is estimated at ₹172.90 lakh crore compared to the first revised estimate (FRE) of ₹160.71 lakh crore for FY23 GDP, according to the ministry of statistics and programme implementation.

Real GDP growth during FY24 is estimated at 7.6 per cent compared to 7 per cent in FY23.

Nominal GDP, or GDP at current prices, in FY24 is estimated at ₹293.90 lakh crore compared to the FRE GDP of ₹269.50 lakh crore for FY23.

The nominal GDP growth during FY24 is estimated at 9.1 per cent compared to 14.2 per cent in FY23.

Real GDP in Q3 FY24 is estimated at ₹43.72 lakh crore compared to ₹40.35 lakh crore in Q3 FY23, showing a growth rate of 8.4 per cent.

“Robust 8.4 per cent GDP growth in Q3 2023-24 shows the strength of Indian economy and its potential. Our efforts will continue to bring fast economic growth which shall help 140 crore Indians lead a better life and create a Viksit Bharat [developed India]!,” Prime Minister Narendra Modi posted on X (formerly Twitter).

The GDP at current prices in Q3 FY24 is estimated at ₹75.49 lakh crore compared to ₹68.58 lakh crore in Q3 FY23, showing a growth rate of 10.1 per cent, a ministry release said.

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