Services sector has grown more than 10% in Q1
India’s first quarter GDP numbers at 7.8% is stupendous, making the national economy fastest growing in the compared to the US economic growth of 2% and the cooling down effect on the Chinese economic growth, says Ashishkumar Chauhan, MD & CEO NSE.
“India has become the fastest growing economy in the world. The US economic growth is around 2% and China is also expected to be around similar range, and it’s been cooling down,” he said in comments on India’s Q1 GDP numbers.
“India is going to be the growth engine of the world,” he added in comments issued on 1 Sept 2023.
In the first quarter, the services sector has grown more than 10%, and it’s been the centre of growth for quite some time.
“Overall investments have been at 35% which is very encouraging. India is building for the future, so that faster growth can be achieved,” said Chauhan.
National Stock Exchange of India (NSE) began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. Fiinews.com
