The NAC approved the provisional growth of GDP at 2.38% for the ongoing FY2023-24 against the estimated target of 3.5%. The committee approved the quarterly GDP growth rates for Q1 (revised), Q2 (revised), and Q3 during FY2023-24 and annual growth rates for 2021-22 (final), 2022-23 (revised) and 2023-24 (provisional). The committee also approved the provisional growth of GDP at 2.38% during ongoing FY 2023-24. The final growth rates in agriculture, industry and services during FY 2021-22 are 4.21%, 7.01% and 6.69% respectively. Further, the revised growth during FY 2022-23 is -0.21%, which was estimated at -0.17% in the previous meeting.

Source: Daily Nation May 22, 2024 11:06 UTC