Business Standard

Growth challenges

Manufacturing sector decline needs policy support

Economic growth, GDP

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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