New Delhi, Dec. 1 -- In the second quarter of the current fiscal, the Indian economy grew by 6.3 per cent and the manufacturing sector saw a negative growth due to low growth for the SME sector as per index of industrial production (IIP) numbers.
According to the data released by the National Statistical Office (NSO), the gross domestic product (GDP) had expanded by 8.4 per cent in the July-September quarter of 2021-22.
Recorded in the April-June quarter this fiscal, analysts had projected the Indian economy would expand at half of the growth rate of 13.5 per cent.
Rating agency ICRA said the GDP was likely to grow at 6.5 per cent while State Bank of India projected the growth rate at 5.8 per cent in the September 2022 quarter.
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