India’s GDP growth slows to 4.4% in October-December quarter

India's GDP growth rate fell for the second straight quarter in the October-December period, coming in at 4.4 percent

At 4.4 percent, the latest quarterly growth number is lower than the 6.3 percent growth that was recorded in the second quarter of 2022-23

In December, the Reserve Bank of India (RBI) had forecast a growth rate of 4.4 percent for the last quarter of 2022

the central bank had projected this year's growth rate at 6.8 percent.

But as per the statistics ministry's first advance estimate of GDP, released in early January, India's GDP was set to grow by 7 percent in 2022-23

The country's real GDP growth for FY23 is pegged at 7 percent, as the per the second advance estimate