India's gross domestic product (GDP) is on track to grow by 8% or more in the quarter ending March 31, Finance Minister Nirmala Sitharaman said on Saturday.
The economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year, Nirmala Sitharaman added, citing the impact of improved inflation management and macroeconomic stability.
"Hopefully the fourth quarter ... will also have (growth) of 8% or above 8% resulting in 2023/24 having an average growth in GDP of 8% or over 8%," Nirmala Sitharaman said during an event in the financial hub of Mumbai.
India's GDP data for the Jan-March quarter is due to be released on May 31.
Asia's third-largest economy grew 8.4% in the October-December quarter year-on-year, outpacing the 7.6% growth recorded for the previous quarter.
India's economy is projected to grow at 7.6% in the current fiscal year to March 31, according to the latest government estimates.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
What Is Assam's New Muslim Marriage Law? How Is It Different From The Old Law?
Factors That Point To Strong GDP Growth In Coming Quarters: 10 Points GDP Grows By 6.7% In April-June vs 7.8% In Jan-March, Lowest In 5 Quarters Moody's Raises India's GDP Growth Forecast To 7.2% For 2024 INDIA's "Hit With Footwear" Protest In Mumbai Over Shivaji Statue Collapse Celebrated "Russian Spy" Whale Hvaldimir Found Dead In Norway: Report "It's Mom, I Love You": Mother Of Israeli-American Found Dead In Gaza "Time This War Ended": Biden After Bodies Of 6 Hostages Found In Gaza Rain Fury Kills 10 In Andhra Pradesh, Several Districts Flooded Far-Right Could Win In Germany State Polls For The First Time Track Latest News Live on NDTV.com and get news updates from India and around the world.