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.