Page 17 - Policy Economic Report - June 2024
P. 17
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
• Real GVA and Real GDP have been estimated to grow by 6.3% and 7.8% respectively in Q4 of FY 2023-
24. Growth rates in Nominal GVA and Nominal GDP for Q4 of FY 2023-24 have been estimated at
8.0% and 9.9% respectively.
Figure 11: Sectoral -wise growth rates (%) of Real GVA in FY 2022-23 & 2023-24
Source- NSO
The key highlights pertaining to quarterly estimates are as below: -
• Real GDP in Q4 of 2023-24 is estimated at ?47.24 lakh crore, against ?43.84 lakh crore in Q4 of 2022-
23, showing a growth rate of 7.8%.
• Nominal GDP in Q4 of 2023-24 is estimated at ?78.28 lakh crore, against ?71.23 lakh crore in Q4 of
2022-23, showing a growth rate of 9.9%.
• Real GVA in Q4 of 2023-24 is estimated at ?42.23 lakh crore, against ?39.74 lakh crore in Q4 of 2022-
23, showing a growth rate of 6.3%.
• Nominal GVA in Q4 of 2023-24 is estimated at ?70.97 lakh crore, against ?65.74 lakh crore in Q4 of
2022-23, showing a growth rate of 8.0%.
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