India's GDP (gross domestic product) growth rate from October to December last year was +8.4% compared to the same period the previous year.
This was the 13th consecutive quarter of positive growth, due to strong personal consumption and capital investment.
On the 29th, the Indian government announced the GDP for the period from October to December last year.
According to this, the growth rate compared to the same period of the previous year was +8.4%.
The previous quarter, from July to September, was +8.1%, and growth is accelerating.
There have been 13 consecutive quarters of positive growth since October to December 2020.
This was due to strong personal consumption and private capital investment backed by a huge market of over 1.4 billion people.
Furthermore, the Indian government has revised upward its forecast for the growth rate for fiscal 2023, from April last year to March this year, from 7.3% to 7.6%.
In India, a general election is scheduled to be held by May this year.
In response to this announcement, Prime Minister Modi, who is seeking a third term, appealed to the nation by posting on social media, ``Through our efforts, we will continue to achieve high economic growth and realize a better life for 1.4 billion people.'' did.