Financial Year - Latest News Update, Information, Photos & Videos on Financial Year at Lokmat Times

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing in this Press Note, the Provisional Estimates (PE) of Annual Gross Domestic Product (GDP) for the Financial Year (FY) 2023-24 and Quarterly Estimates of GDP for the Fourth quarter (January-March) of 2023-24 along with its expenditure components both at Constant (2011-12) and Current Prices. Annual and quarterly estimates of Gross Value Added (GVA) at Basic Prices by kind of economic activity along with year on year percent changes, expenditure components of GDP and annual estimates of Gross/Net National Income and Per Capita Income for the years 2021-22, 2022-23 and 2023-24 at Constant and Current Prices are given in Statements 1 to 8 of Annexure A.Real GDP has been estimated to grow by 8.2% in FY 2023-24 as compared to the growth rate of 7.0% in FY 2022-23. Nominal GDP has witnessed a growth rate of 9.6% in FY 2023-24 over the growth rate of 14.2% in FY 2022-23.Also Read | RBI projects real GDP growth for 2024-25 at 7.0 per cent.Real GVA has grown by 7.2% in 2023-24 over 6.7% in 2022-23. This GVA growth has been mainly due to significant growth of 9.9% in Manufacturing sector in 2023-24 over -2.2% in 2022-23 and growth of 7.1% in 2023-24 over 1.9% in 2022-23 for Mining & Quarrying sector.Real GVA and Real GDP have been estimated to grow by 6.3% and 7.8% respectively in Q4 of FY 2023-24. Growth rates in Nominal GVA and Nominal GDP for Q4 of FY 2023-24 have been estimated at 8.0% and 9.9% respectively.Annual Estimates and Growth Rates:Real GDP or GDP at Constant Prices is estimated to attain a level of ₹173.82 lakh crore in the year 2023-24, against the First Revised Estimates (FRE) of GDP for the year 2022-23 of ₹160.71 lakh crore. The growth rate in Real GDP during 2023-24 is estimated at 8.2% as compared to 7.0% in 2022-23. Nominal GDP or GDP at Current Prices is estimated to attain a level of ₹295.36 lakh crore in the year 2023-24, against ₹269.50 lakh crore in 2022-23, showing a growth rate of 9.6%.Real GVA is estimated at ₹158.74 lakh crore in the year 2023-24, against the FRE for the year 2022-23 of ₹148.05 lakh crore, registering a growth rate of 7.2% as compared to 6.7% in 2022-23. Nominal GVA is estimated to attain a level of ₹267.62 lakh crore during FY 2023-24, against ₹246.59 lakh crore in 2022-23, showing a growth rate of 8.5%.

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Financial Year, NewsFOLLOW

Financial year, Latest News

Navi Mumbai :Navi Mumbai Sets New Benchmark: Property Tax Collection Exceeds Target, Aims for Rs 1200 Crore in 2025-26

Navi Mumbai: For the first time, the Navi Mumbai Municipal Corporation (NMMC) has surpassed its target for property tax ... ...

Navi Mumbai :Panvel Municipal Corporation Sets New Record with Rs 412 Crore in Property Tax for 2024-25

Panvel: The Panvel Municipal Corporation (PMC) has achieved a major milestone in its revenue collection efforts, reaching Rs 412 crore ... ...

Navi Mumbai :Extended Hours for Water Bill Payments in Mumbai: BMC Allows Late-Night Payments Until March 31

Mumbai residents can pay their water bills until midnight through March, as the Brihanmumbai Municipal Corporation (BMC) has extended ... ...

National :Public Holiday on March 31, 2025: Are Banks Open or Closed on Financial Year-End? RBI Issues Important Update

In a move to facilitate smooth financial transactions, the Reserve Bank of India (RBI) has announced that all banks ... ...

Mumbai :Mumbai: BMC Announces Extended Hours for Property Tax Payments on December 30 and 31, 2024 ; Check Details

To facilitate timely property tax payments, the Brihanmumbai Municipal Corporation (BMC) has announced that its civic facilitation centers will ... ...

Business :India's GDP Grows 7.8% in January-March Quarter, FY24 Estimated Growth at 8.2%

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing in this Press Note, the ... ...