India The ‘Bright Spot’ Clocks 7.2% GDP Growth In ’23 | Mint In Focus

Amid global economic slowdown Indian economy remai... moreAmid global economic slowdown Indian economy remains the lone bright spot. India’s 2023 Q4 GDP rose to 6.1% while the rest of the world is experiencing a slowdown. In the fourth quarter, India's economy saw a significant increase and clocked a better-than-estimated growth. While the 4.4% growth rate witnessed in Q3 was below expectations, in Q4FY23, GDP growth climbed to 6.1%. The overall growth in the FY23 fiscal is better than expected at 7.2%.