CEA says country's GDP growth for year ending March 2023 was 7.2 per cent, surpassing expectations

Dr V Anantha Nageswaran, the Chief Economic Advisor to the Government of India, announced that real GDP growth for India at the year's end of March 2023 reported 7.2%, surpassing expectations and displaying a strong underlying momentum. Nageswaran explained that exports of goods were weak in 2022-2023 due to the war in Ukraine and rising oil prices, while service exports fared well. He addressed the diminished Wholesale Price Index and touted the practical cost benefits for businesses.

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