India's FY23 real GDP in estimated at ₹160.06 lakh cr

01 Jun '23

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India's FY23 real GDP is estimated at ₹160,060 billion compared to the first revised FY22 GDP estimate of ₹149,260 billion, a government agency said.
The FY23 real GDP growth is estimated at 7.2 per cent compared to FY22's 9.1 per cent. Nominal GDP in FY23 is estimated at ₹272,410 billion compared to FY22's ₹234,710 billion—a growth rate of 16.1 per cent.

India’s real gross domestic product (GDP), or GDP at constant (2011-12) prices, in fiscal 2022-23 (FY23) is estimated to be ₹160.06 lakh crore compared to the first FY22 revised GDP estimate of ₹149.26 lakh crore, according to the National Statistical Office (NSO). The growth in real GDP during FY23 is estimated at 7.2 per cent compared to 9.1 per cent in FY22.

Nominal GDP, or GDP at current prices, in FY23 is estimated to be ₹272.41 lakh crore compared to ₹234.71 lakh crore in FY22, showing a growth rate of 16.1 per cent.

GDP at constant prices in the fourth quarter (Q4) of FY23 is estimated at ₹43.62 lakh crore against ₹41.12 lakh crore in Q4 FY22, showing a growth of 6.1 per cent.

GDP at current prices in Q4 FY23 is estimated at ₹71.82 lakh crore against ₹65.05 lakh crore in Q4 FY22, showing a growth of 10.4 per cent.

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