New Delhi: Of India Economy Estimated to grow by 11.5% in the first quarter of the current fiscal and expand in the range of 8.4% to 10.1% for 2021-22, Economic Views National Council of Applied Economic Research (NCAER) said on Friday.
“However, this high development Rates are also a reflection of the strong base effect since FY22:Q1 2020-21 after a very sharp decline:Q1. At the end of 2021-22, GDP, at constant prices, will still be at Rs 146 trillion as in 2019-20,” according to the quarterly review of the economy unveiled by Sudipto Mundle, senior fellow at NCAER, Bornali Bhandari, And NIPFP Assistant Professor Rudrani Bhattacharya. This is one of the first estimates for the April-June quarter of 2021-22.
It said the second Covid-19 wave, which is four times more than the first wave in terms of number of cases and deaths, has further hampered the development process, which was already severely damaged by the first wave. . The Survey noted that high-frequency indicators show a sharp decline in economic activity during April, May 2021 – the peak of the second Covid-19 wave, although there are some indicators of recovery in June, as noted in the Review.
“However, this high development Rates are also a reflection of the strong base effect since FY22:Q1 2020-21 after a very sharp decline:Q1. At the end of 2021-22, GDP, at constant prices, will still be at Rs 146 trillion as in 2019-20,” according to the quarterly review of the economy unveiled by Sudipto Mundle, senior fellow at NCAER, Bornali Bhandari, And NIPFP Assistant Professor Rudrani Bhattacharya. This is one of the first estimates for the April-June quarter of 2021-22.
It said the second Covid-19 wave, which is four times more than the first wave in terms of number of cases and deaths, has further hampered the development process, which was already severely damaged by the first wave. . The Survey noted that high-frequency indicators show a sharp decline in economic activity during April, May 2021 – the peak of the second Covid-19 wave, although there are some indicators of recovery in June, as noted in the Review.
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