GDP may grow at a pace of 6.2% in the fourth quarter

The country’s GDP may grow at a pace of 6.9 to 7 percent in 2023-24. Its pace is estimated to be 6.2 percent in the fourth quarter i.e. January-March period. Sunil Kumar Sinha, chief economist at India Ratings and Research, said growth in the first two quarters benefited from a low base. However, the growth rate of 8.4 per cent in the third (October-December) quarter was surprising. The government is likely to release preliminary estimates of GDP growth rate for the fourth quarter and 2023-24 on May 31.

Benefit of higher tax collection was received in the third quarter
Sinha said, when we analyze the data, we find that there is a difference between GVA and GDP. A major boost to GDP in the third quarter came from higher tax collections, but this is unlikely to happen in the fourth quarter.
With mercury rising, maximum demand for electricity is 235 GW.
With the mercury rising in the country, the maximum demand for electricity remains around 235 GW in May. With increasing heat and heat waves, the demand for electricity has increased due to the use of air conditioners and coolers on a large scale. According to the Power Ministry, the maximum demand for electricity reached 233 GW during the day on May 6. A year ago it was 221.42 gigawatts. Maximum demand reached 229.57 GW on May 18.