News From Press FinMin retains 6.5% GDP growth estimate for FY24, says 'outlook bright'

FinMin retains 6.5% GDP growth estimate for FY24, says 'outlook bright'

Source: Business Standard Sep 23, 2023

Holding that economic activities in July-September (Q2) are shaping up well, the finance ministry has kept its estimate for the country’s real gross domestic product (GDP) growth in 2023-24 (FY24) unchanged at 6.5 per cent.

However, it has cautioned that the monsoon deficit in August could affect both kharif and rabi crops and said rising crude oil prices needed to be watched.

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