India’s Q1 GDP logs 13.5% growth, experts say lower than expected New Delhi|Chennai: India’s economic growth rose to 13.5 per cent in the first quarter of the current fiscal (2022-23), a huge jump from 4.1 per cent growth recorded in the final quarter of 2021-22. However, experts said that the GDP growth number was lower than what the market had expected earlier. This is the first double digit growth in GDP figures in a year, as the last double digit growth was 20.1 per cent recorded in first quarter of 2021-22. “Real GDP or Gross Domestic Product (GDP) at constant (2011-12) Prices in Q1 2022-23 is estimated to attain a level of Rs 36.85 lakh crore, as against Rs 32.46 lakh crore in Q1 2021-22, showing a growth of 13.5 per cent as compared to 20.1 per cent in Q1 2021-22,” a statement issued by National Statistical Office (NSO) said. The 13.5 per cent growth in the first quarter of the current fiscal is below Reserve Bank of India’s (RBI) forecast of 16.2 per cent. Rating agency ICRA had projected a growth of 13 per cent in the first quarter of the current fiscal.