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.
Lol! So you have fallen prey to the clever marketing strategy adopted by Cow Dung party!!!
It's an illusion! If you really care about knowing the truth, go ahead and read this article,
https://www.indiatoday.in/business/story/explained-india-gdp-growth-q1fy22-june-quarter-strong-growth-deceptive-1847028-2021-08-30Simply put, growth in the first quarter of FY22 will be higher in comparison to Q1FY21 when India’s GDP contract over 24 per cent.
So, the reason why the GDP growth would be at a record high in Q1FY22 is due to a record contraction of 24.4 per cent in the same quarter last year.
Hope it will clear the illusion and the jumlas India is facing since 2014!