According to economic data released by National Statistical Organizations (NSO) yesterday, our economy has expanded at its fastest pace @ 13.5% in Q1 of 2022-23, backed by positive base effect and robust growth in agriculture, services, construction and consumption. This growth of 13.5% is lower than what Reserve Bank of India had projected i.e., 16.2%. Investment continued to rise with Government spending on capital expenditure. Growth in agriculture is 4.5 while as services grew by over 17 percent in Q1 of current year.
Source Taxguru
