As per the data, the economy expanded 8.2% in 2023-24 against a 7% growth in 2022-23. Representational file image.
| Photo Credit: Reuters

India’s economy grew 7.8% in the March quarter, pushing up the annual growth rate to 8.2%, according to official data released on May 31.

Growth in the January-March period was lower than the 8.6% expansion in the December quarter.

The gross domestic product (GDP) had expanded 6.2% in the January-March period of the 2022-23 fiscal year, according to data released by the National Statistical Office (NSO).

As per the data, the economy expanded 8.2% in 2023-24 against a 7% growth in 2022-23.

The NSO in its second advance estimate of national accounts had pegged the country’s growth at 7.7% for 2023-24.

China has registered an economic growth of 5.3%in the first three months of 2024.