Finance minister Nirmala Sitharaman has said that India’s growth momentum — which gathered pace in the December quarter of FY23 — is likely to sustain in the March quarter, as reflected in the performance of various high-frequency indicators.
The finance ministry had posted a few tweets about Sitharaman’s speech, but Business Standard has reviewed a copy of her full speech at the Fund-Bank meeting held during 10-16 April. The National Statistical Office (NSO) will release the March quarter gross domestic product (GDP) data on May 31.
“GST (goods and services tax) collections in March 2023 crossed the Rs 1.4-trillion (about