Explained: What drove India's GDP growth in FY23?
SummaryGVA forms a bulk of GDP and in 2022-23 this grew by a good 7%
In 2022-23, real gross domestic product (GDP) growth—which is adjusted for inflation—was at 7.2%, against 9.1% in 2021-22. This is 20 basis points higher than the Reserve Bank of India’s forecast of 7%. What can we make of these numbers? Mint examines: