Private consumption, capital investment rises in Q1, govt consumption slows

The GDP numbers, Finance Secretary T V Somanathan said this trend was par for the course, as GFCF in Q1 was usually lower than the previous year's Q4.

Notwithstanding inflationary pressures due to the war in Europe, India’s private consumption and capital investment showed strong recovery in the April-June quarter (first quarter, or Q1) of 2022-23 (FY23), revealed official data. Government consumption, however, fell as a percentage of gross domestic product (GDP).
 

Household and private sector consumption, as measured by Private Final Consumption Expenditure (PFCE), came in at Rs 39.7 trillion in nominal terms in Q1FY23, compared with Rs 28.4 trillion for the same period last year, and Rs 39.2 trillion in the fourth quarter (Q4) of 2021-22 (Fy22). As a percentage of nominal GDP, PFCE was 61.1