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Below Quote on today’s GDP data announcement By Mr. Raghvendra Nath, Managing Director – Ladderup Wealth Management Private Limited 

“India’s GDP growth for FY23 came in at 7.2% vs 9.1% in FY22, better than the market expectations and RBI’s estimate of 7%. Among the major world economies, India is growing at one of the fastest rates. Real GDP for FY22-23 at constant prices is estimated to be around ? 160.06 lakh crore. Per Capita GDP of India grew by 6.1% to ? 1.15 lakh. GDP growth for Q4 was 6.1% vs a market expectation of 5.5%. The GDP growth was led by the construction sector which grew at the fastest pace of 10.4% followed by trade, hotels & transportation growing at 9.1%. The domestic economy is showing strong resilience against the global turmoil as well as monetary tightening as reflected in the strong GDP growth.”

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