![India beats GDP estimates with 6.1% growth in Q4, 7.2% in FY23](https://images.assettype.com/fortuneindia%2F2022-01%2Fde47410c-fad7-4938-bb7d-56881aeb7fcf%2FGDP_1178056042_copy.jpg?rect=0,0,3000,1500&w=300&q=95)
India beats GDP estimates with 6.1% growth in Q4, 7.2% in FY23
The GDP growth rate in the full year 2022-23 stood at 7.2% compared with 9.1% in 2021-22.
The GDP growth rate in the full year 2022-23 stood at 7.2% compared with 9.1% in 2021-22.
Most estimates pegged Q4 FY23 growth rate in ballpark of 5%. GDP growth rate in full year 2022-23 stood at 7.2% compared with 9.1% in 2021-22
The fourth quarter GDP growth surprised positively at 6.1% YoY versus its 5.4% estimate, says Prithviraj Srinivas, Chief Economist, Axis Capital.
For India, IMF says revision reflects mainly less favourable external conditions and more rapid policy tightening