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India's Q3 GDP Data Out: Indian Economy Grows By 4.4 % In October-December 2022

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[ad_1] Edited By: Namit Singh Sengar Last Updated: February 28, 2023, 17:57 IST Rating agency Icra expected India’s GDP to grow 5.1% in Q3FY23. (Representative image) In the previous quarter ended September 30, 2022 (Q2 FY23), India’s GDP had grown 6.3 per cent. India GDP Q3: India’s latest GDP data for the third quarter of the current fiscal 2022-23 (Q3 FY23) was released on February 28 by the National Statistical Office (NSO). Indian economy grows by 4.4 % in October-December 2022 compared to 11.2 % year ago. India’s economic growth in 2021-22 revised upwards to 9.1 % from 8.7 % earlier. The economy to grow at 7 % in 2022-23, government data said. The central government’s fiscal deficit touched 67.8 per cent of the full-year target at the end of January due to higher expenses and lower revenue realisations, according to official data released on Tuesday. In actual terms, the fiscal deficit or gap between the expenditure and revenue collection during April-January period stood at