India’s GDP growth rate at 4.1 pc in January-March 2021-22: Government data
Highlight
- The Indian economy grew by 8.7 per cent in 2021-22 as against a contraction of 6.6 per cent in 2020-21.
- Government data shows that GDP grew by 4.1 per cent in the fourth quarter of 2021-22.
- However, growth in the January-March period is slower than the 5.4% expansion in the previous quarter.
Official data shows that India’s economy grew by 4.1 per cent in the fourth quarter of 2021-22, pushing the annual growth rate to 8.7 per cent.
However, the growth in the January-March period was slower than the 5.4 per cent expansion in the previous October-December quarter of 2021-22.
According to the data released by the National Statistical Office (NSO), there was a growth of 2.5 percent in the Gross Domestic Product (GDP) in the corresponding January-March period of 2020-21.
According to the data, the Indian economy grew by 8.7 per cent in 2021-22, while there was a contraction of 6.6 per cent in 2020-21.
The NSO in its second advance estimate had projected GDP growth at 8.9 per cent during 2021-22. China recorded economic growth of 4.8 percent in the first three months of 2022.
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