India’s GDP likely to rise 8% in Q1 – FinMin

India’s Finance Minister, Nirmala Sitharaman, announced that the country’s GDP is expected to grow by eight per cent or more in the quarter ending March 31, according to the Nikkei website on Sunday.

She also projected a similar growth rate for the 2023-24 financial year, attributing it to improved inflation management and macroeconomic stability.

India’s current fiscal year is estimated to see a growth of 7.6 per cent according to government estimates. The country’s economy grew by 8.4 per cent in the October-December quarter, surpassing the 7.6per cent growth in the previous quarter.

The GDP data for the January-March quarter will be released on May 31.