India's GDP Growth Estimate

National Statistics Office (NSO) revises India's real GDP growth estimate to 7.6% for the current year.

Gross Value Added (GVA) projected to rise by 6.9% this year.
GDP growth for first two quarters raised to 8.2% and 8.1%, reaching 8.4% in Q3.
GVA growth in Q3 disappoints at 6.5%, with concerns over private consumption and struggling farm sector.
Industrial growth drives this year's growth, with significant contributions from construction, manufacturing, and mining sectors.
Trade, hotels, transport, communications, and broadcasting services sectors expected to see GVA growth decline in 2023-24.
Despite GDP growth revisions, consumption demand remains weak, with concerns about skewed spending patterns.