Post
Topic
Board Economics
India's highest economic growth ever,GDP growth 20.1%
by
rinkidas14
on 01/09/2021, 13:48:49 UTC
India's gross domestic product (GDP) surged 20.1% in the April-June quater of FY22, it's best-ever fiscal-quarter numbers, according to the deta released by the government's statistics office on Tuesday.

  "GDP at constant (2011-12) Prices in Q1 of 2021-22 estimated at ₹32.38 lakh crore, against ₹26.95 lakh crore in Q1 of 2020-21,

Showing a growth of 20.1 percent as compared to a contraction of 24.4 percent in Q1 2920-21," the deta from MoSPI stated.

   This is fastest growth since the mid-1990s when official quarterly data was available, and
Up sharply from 1.6% in the previous quarter and from a record contraction of 24.4% in the same quarter a year earlier.

The growth in the current quarter is mainly on low-base effect.