India GDP increases by 13.5% in Q1 FY23

As per the official data, Indian economy has been grown by 13.5% in the April-June period 2022, this is the fastest in the last four quarters.

Reason: Better performance by the agriculture and services sectors.

India has also remained the fastest growing major economy as China registered economic growth of 0.4% in the April-June 2022 quarter. As per the data released by the National Statistical Office, the Indian economy has been grown by 20.1% in April-June 2021-22.