According to the data provided by the government, India's economy grew at ______ year-on-year (YoY) in the January to March quarter (Q4) of the financial year 2022-23 (FY23).

Solution

According to the data provided by the government, India's economy grew at 6.1 per cent year-on-year (YoY) in the January to March quarter (Q4) of the financial year 2022-23 (FY23). In Q4FY22, gross domestic product (GDP) growth was 4 per cent.In Q3FY23, the GDP growth rate was 4.4 per cent, while it was 6.3 per cent in Q2FY23 and 13.2 per cent in Q1FY23.The real GDP (2011-12) in the year 2022-23 is estimated to attain a level of Rs 160.06 trillion, as against the First Revised Estimates of GDP for the year 2021-22 of Rs 149.26 trillion. The growth in real GDP during 2022-23 is estimated at 7.2 per cent as compared to 9.1 per cent in 2021-22.Nominal GDP in the year 2022-23 is estimated to attain a level of Rs 272.41 trillion, as against Rs 234.71 trillion in 2021-22, showing a growth rate of 16.1 per cent.In Q4FY23, manufacturing grew at 4.5 per cent, construction at 10.4 per cent, agricultural at 5.5 per cent, and services sector grew at 6.9 per cent.