1. You Are At:
  2. English News
  3. Business
  4. GDP grew 8.7% in 2021-22 against 6.6% in previous fiscal: Govt

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

India's economy grew by 4.1 per cent in the fourth quarter of 2021-22, pushing up the annual growth rate to 8.7 per cent

PTI Reported by: PTI New Delhi Updated on: May 31, 2022 18:22 IST
india gdp
Image Source : PTI

India's GDP growth at 4.1 pc in January-March 2021-22: Govt data

Highlights

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

India's economy grew by 4.1 per cent in the fourth quarter of 2021-22, pushing up the annual growth rate to 8.7 per cent, official data showed on Tuesday.

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

The gross domestic product (GDP) had expanded by 2.5 per cent in the corresponding January-March period of 2020-21, according to data released by the National Statistical Office (NSO).

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

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

Also Read | US surpasses China as India's biggest trading partner in FY22 at $119.42 billion

Latest Business News

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business