National Statistical Office has released its second advance estimate for the Indian Economy.
According to it, the Indian economy is expected to grow at 7.3% in the Financial Year 2023-24.
Indian Economy will grow by 7.3% in FY 2023-24 over the provisional growth rate of 7.2% in the previous financial year.
NSO’s report is based on the First Advance Estimates (FAE) of National Income for the financial year 2023-24.
In this report, NSO said that the construction sector has been estimated to have a growth rate of 10.7%.
All the economic sectors have done well and witnessed over 6% growth, except for the Agriculture and Allied sectors.
For the Agriculture and Allied sectors, estimated growth is 1.8%.
The National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation said that Advance Estimates of National Income are indicator-based.
Advance Estimates of National Income are compiled using the benchmark-indicator method.
As per NSO, this report has been made on the basis of data inputs collected from various Ministries, Departments, and Private Agencies.
