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.
It is an absolutely misrepresented number, the government has given 20% growth from Q1 2020-21 to Q1 2021-22, while Q1 2020-21 was a complete lockdown quarter in which lockdown opened merely for 10-15 days whole Q1 2021-2022 had two proper months of functioning of Economy, the comparison is being done with an outlier, while Indian government was giving excuses about lockdown when GDP fell down by 24% Quarter on Quarter in 2020-21, now they are coming ahead and taking credit for this. Lol
Let me explain, suppose you have something that is worth ₹100, now the prices of that thing fell by 24%(Indian GDP fell by 24% in Q1 2020-21) which means to 76, now it has risen by 20% which means 76 + 20% = 91, this means overall economy has fallen by 9%, Also not to forget, as compared to Q4 2020-21 which was immediately preceeding quarter, the
GDP fell by 17%.Numbers are deceptive unless you read them thoroughly.