GDP grew 8.7% in 2021-22 against 6.6% in previous fiscal: Govt

[ad_1]

Photo source: PTI

India’s GDP growth at 4.1 percent in January-March 2021-22: Official data

Highlights

  • The Indian economy grew by 8.7 per cent in 2021-22 against a contraction of 6.6 per cent in 2020-21.
  • GDP grew 4.1 percent in the fourth quarter of 2021-22, official data showed.
  • However, growth in the January-March period is slower than the 5.4% expansion of the previous quarter.

India’s economy grew 4.1 percent in the fourth quarter of 2021-22, pushing the annual growth rate to 8.7 percent, official data showed on Tuesday.

However, growth in the January-March period was slower than the 5.4 percent expansion in the previous October-December quarter of 2021-22.

According to data released by the National Statistics Office (NSO), gross domestic product (GDP) grew by 2.5 percent during the January-March period of 2020-21.

According to the data, the Indian economy expanded by 8.7 per cent in 2021-22 as against a contraction of 6.6 per cent in 2020-21.

The NSO, in its second advance estimate, projected GDP growth of 8.9 percent between 2021-22. In the first three months of 2022, China recorded 4.8 percent economic growth.

Also read | US ড 119.42 billion surpasses China as India’s largest trading partner in FY22

Latest business news

.

[ad_2]

Leave a Reply

Your email address will not be published.