Forvis Mazars in India’s macro-tracker series reveals steady real GDP growth of 8.2% to 7.8% in FY23-24

India’s economic performance for FY23-24 has demonstrated remarkable resilience and strategic adaptability amidst global challenges and domestic opportunities, as unveiled by Forvis Mazars in India’s latest Macro-Tracker Series. The report highlights significant trends and data across key economic indicators, shedding light on the country’s robust economic trajectory. As per the report, India’s real GDP growth showcased a consistent performance in FY23-24, with Q1 at 8.2%, Q2 at 8.1%, Q3 at 8.6%, and Q4 at 7.8%. Real GDP growth peaked at 12.8% in Q1 of FY22-23, post which it starkly plummeted to 5.5% in Q2 and moderated at 6.2% in Q4.