Gdp of india 2023: 12) and Current Prices

12) and Current Prices. Annual and quarterly estimates of GVA at Basic Prices by kind of economic activity along with year on year percent changes, expenditure components of GDP and annual estimates of Gross/Net National Income and Per Capita Income for the years 2021-22, 2022-23 and 2023 -24 at Constant and Current Prices are given in Statements 1 to 8 of Annexure A. The Ministry of Statistics and Programme Implementation (MoSPI) releases the provisional estimates of annual and quarterly GDP for 2023 -24 and Q4 of 2023 -24. Real GDP is estimated to grow by 8.2% and nominal GDP by 9.6% in 2023 -24, and by 7.8% and 9.9% in Q4 of 2023 -24. Annual Estimates and Growth Rates Real GDP or GDP at Constant Prices is estimated to attain a level of ₹173.82 lakh crore in the year 2023 -24, against the First Revised Estimates (FRE) of GDP for the year 2022-23 of ₹160.71 lakh crore. The growth rate in Real GDP during 2023 -24 is estimated at 8.2% as compared to 7.0% in 2022-23. India 's GDP in 2023 was Rs 300 trillion (Rs 300 lakh crore). [1] In dollar terms, it was $3.7 trillion. The Indian economy is projected to be the fourth largest in the world by 2024 [2] and the third largest by 2027 [3]. GDP growth GDP growth is the change in GDP over time.