The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation in its press note released on 30 Nov 2023 stated that the Real GDP or GDP at Constant (2011-12) Prices in Q2-FY24 is estimated at Rs 41.74 lakh crore, as against Rs 38.78 lakh crore in Q2-FY23, showing a growth of 7.6 percent as compared to 6.2 percent in Q2-FY23.

Similarly, the nominal GDP or GDP at Current Prices in Q2-FY24 is estimated at Rs 71.66 lakh crore, as against Rs 65.67 lakh crore in Q2-FY23, showing a growth of 9.1 percent as compared to 17.2 percent in Q2-FY23.

GDP at Constant (2011-12) Prices in April-September 2023-24 (H1-FY24) is estimated at Rs 82.11 lakh crore as against Rs 76.22 lakh crore during the corresponding period of the previous year, showing a growth of 7.7 percent in H1-FY24 as against 9.5 percent in H1-FY23. GDP at Current Prices in H1-FY24 is estimated at Rs 142.33 lakh crore as against Rs 131.09 lakh crore during the corresponding period of the previous year, showing a growth of 8.6 percent in H1-FY24 as against 22.2 in H1-FY23.

Among the major sectors, while Mining, Manufacturing Electricity, and Construction recorded positive growths on a sequential basis, Agriculture, Trade, Finance, and Public Administration recorded negative growths.

Commenting on the Q2 growth rate figures the Prime Minister noted that the GDP growth numbers for Q2 display the resilience and strength of the Indian economy amid such testing times globally. We are committed to ensuring fast-paced growth to create more opportunities, rapid eradication of poverty, and improving ‘Ease of Living’ for our people.


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