After Q2 GDP growth figures exceeded expectations, Chief Economic Advisor V. Anantha Nageswaran suggested that given the present trajectory India might be underestimating rather than overestimating its GDP growth projections. The government has set a GDP growth target of 6.5% for the fiscal year 2024. The economy recorded a growth of 7.6% in the September quarter, surpassing the 6.8% forecast by economists in a Reuters poll. Nevertheless, this growth rate was lower than the 7.8% expansion witnessed in the preceding quarter.
