Economy & Banking
India's GDP Growth Rate
Published
06 Aug 2026
06 Aug 2026
Authority
Ministry of Statistics and Programme Implementation
Ministry of Statistics and Programme Implementation
Source
Government of India
Government of India
Summary
India's GDP growth rate slows down to 6.3% in Q1 FY23 due to global economic uncertainty.
India's GDP growth rate has slowed down to 6.3% in the first quarter of the financial year 2022-23. This is due to the global economic uncertainty and the ongoing Ukraine-Russia conflict. The growth rate is lower than the previous quarter's 8.2%. The slowdown is attributed to a decline in private consumption and investment.