India’s GDP grew by 8.7% in FY22 after 6.6% contraction earlier fiscal

Nonetheless, progress within the January-March interval was slower than the 5.4 per cent enlargement within the earlier October-December quarter of 2021-22.

India’s financial system or GDP grew by 4.1 per cent within the fourth quarter of 2021-22, pushing up the annual progress charge to eight.7 per cent, official knowledge confirmed on Tuesday. The information reveals the GDP expanded by 8.7 per cent in 2021-22 towards a 6.6 per cent contraction in 2020-21.

Nonetheless, progress within the January-March interval was slower than the 5.4 per cent enlargement within the earlier October-December quarter of 2021-22.

The gross home product (GDP) had expanded by 2.5 per cent within the corresponding January-March interval of 2020-21, in response to knowledge launched by the Nationwide Statistical Workplace (NSO).

The NSO, in its second advance estimate, had projected GDP progress throughout 2021-22 at 8.9 per cent China had registered an financial progress of 4.8 per cent within the first three months of 2022.

(With inputs from PTI)



Shut Story

Leave a Reply

Your email address will not be published.