India's economy grew by 6.3 per cent in the second quarter of the current fiscal, official data released on Wednesday showed.
The gross domestic product (GDP) had expanded by 8.4 per cent in the July-September quarter of 2021-22, according to data released by the National Statistical Office (NSO).
The Indian economy was expected to grow at a rate of half of the 13.5% reported in the April-June quarter of this fiscal year, according to analysts.
ICRA, a ratings agency, predicted that the GDP will increase at a pace of 6.5% whereas State Bank of India predicted a growth rate of 5.8% for the period of July to September 2022.
In an item earlier this month that appeared in the Reserve Bank of India (RBI) bulletin, the GDP growth for the second quarter of this fiscal year was estimated to be between 6.1 and 6.3%.
China's economy grew at a rate of 3.9% from July to September 2022.
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