- 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.
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