First Advance Estimates 2023-24

In summary, the FAE for 2023-24 projects India’s GDP growth at 7.3%, slightly higher than the previous year’s 7.2%. This growth is underpinned by a strong performance in the construction sector, while the agriculture and allied sector shows comparatively modest growth. The NSO, under the Ministry of Statistics and Programme Implementation, releases these estimates, which are compiled using a benchmark-indicator method and data from various sources. While these figures are essential for policy and budgetary planning, it’s important to note that they are preliminary and subject to future revisions.