Business Standard

Growth challenges

Manufacturing sector decline needs policy support

Economic growth, GDP
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Inflationary pressures easing as global prices come down

Business Standard Editorial Comment
With the release of India’s economic growth numbers for the July-September quarter of 2022 on Wednesday, the Centre’s challenges in managing the economy have become a little more formidable. These numbers have also underlined the economic imperative of presenting an appropriate Budget next February and realistically assessing the growth prospects for 2023-24 in the light of the emerging economic headwinds. According to the National Statistical Office, India’s gross domestic product (GDP) in the second quarter of 2022-23 grew 6.3 per cent in real terms, declining sequentially from 13.5 per cent in the previous quarter. It was low even compared to

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First Published: Nov 30 2022 | 10:20 PM IST

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