FinMin sees Q1 growth at 15.6% ahead of GDP data, impact on trade component

This is lower than RBI's April-June (Q1FY23) GDP projection of 16.2%

Ahead of the April-June quarter gross domestic product data due next week, the Finance Ministry estimates the economy to have grown by around 15.6 percent in the quarter, Business Standard has learnt. This is lower than the Reserve Bank of India’s April-June (Q1FY23) GDP projection of 16.2 percent.

A senior official said that while most components of GDP, like Private Final Consumption Expenditure (PFCE), Gross Fixed Capital Formation (GFCF) and Government Final Consumption (GFCE) showed healthy improvement, the trade component could have been impacted due to high commodity prices and rupee depreciation.

It should be remembered that 15.6 per cent