GDP progress: Indian financial system to develop at 7.3% in FY24, govt releases first advance estimate information – The Financial Occasions Video

The Indian financial system is predicted to develop 7.3 per cent on an annual foundation within the present monetary 12 months, in response to the primary advance estimate launched by the Nationwide Statistical Workplace on Friday. The Indian financial system had grown by 7.2 per cent in FY23. The financial system is pegged to develop at 8.9 per cent in FY24 in nominal phrases, in comparison with 16.1 per cent within the earlier monetary 12 months. The federal government sees FY24 GVA progress at 6.9 per cent YoY, down from 7 per cent in FY23.