India's GDP Growth Hits Remarkable 8.2% in FY 2023-24

Finance Minister Nirmala Sitharaman termed the 8.2% GDP growth in 2023-24 as 'remarkable' and highlighted the manufacturing sector's 9.9% growth. She attributed the success to the Modi government's efforts, noting India's resilience despite global challenges. The third term of the Modi government promises continued growth.

Finance Minister Nirmala Sitharaman on Friday termed 8.2 per cent GDP growth in 2023-24 as 'remarkable' and said the growth momentum will continue in the ''third term of the Modi Government''.

Today's GDP data showcases robust economic growth with a growth rate of 8.2 per cent for FY 2023-24 and 7.8 per cent for the fourth or March quarter of FY 2023-24.

''This remarkable GDP growth rate is the highest among the major economies of the world,'' Sitharaman said in a post on X.

She said the manufacturing sector witnessed a significant growth of 9.9 per cent in 2023-24, highlighting the success of the Modi government's efforts for the sector.

Many high-frequency indicators indicate that the Indian economy continues to remain resilient and buoyant despite global challenges, she added.

''India's growth momentum will continue in the third term of PM Shri @narendramodi-led government,'' she said.

The last phase of Lok Sabha elections will be held on Saturday while the results will be announced on June 4.