“Given the higher than forecast outcome for Q2, we are revising our FY2024 growth forecast to 6.2% from 6.0%,” said Aditi Nayar, chief economist, Icra. The growth in the second quarter is just a shade below the 7.8% growth registered in the first quarter and way higher than the 6.2% growth witnessed in Q2FY23. The economy grew 7.7% in the first half of the year.
The GDP growth figure for July-September quarter will be released November 30 by the National Statistical Office (NSO). GDP growth rose to a four-quarter high of 7.8 per cent in April-June.