The Gross Domestic Product (GDP) of India under the wise guidance of Prime Minister Narendra Modi for the April-June quarter of the current financial year grew at 13.5 percent. Agricultural, Forestry & Fishing sector growth in the first quarter of fiscal 2022-23 was 4.5 percent according to provisional estimates by the Ministry of Statistics & Programme Implementation. There was a 4.8% growth in the manufacturing sector, and a 16.8% growth in the construction sector.
Trade, Hotels, Transport, Communication & Broadcasting logged growth of 25.7% in the current fiscal year. According to estimates, the real GDP in Q1 of 2022-23 will reach a level of 36 lakh and 85 thousand crore rupees as against 32 lakh and 46 thousand crore rupees in Q1 of last fiscal at 2011-12 prices in Q1 of current fiscal. In the first quarter of the 2021-22 fiscal year, the country’s GDP grew by a rate of 21,1 percent, which is the highest in the past decade.