India's real GDP growth will exceed 7% growth in FY23: Finance secretary

This would make India the world's fastest growing major economy in FY23

The government is confident that India’s real gross domestic product (GDP) growth will exceed 7 per cent in 2022-23 (FY23), Finance Secretary T V Somanathan said on Wednesday. This will make it the world’s fastest-growing major economy.
 

Somanathan and Economic Affairs Secretary Ajay Seth were briefing the media after the release of April-June quarter (first quarter, or Q1) GDP data.
 

Seth said the goods and services tax (GST) collections for August are expected to be around Rs 1.42 trillion, making it the sixth consecutive month that GST collections will cross the Rs 1.4-trillion mark.
 

India’s economy grew 13.5 per cent