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Explained: Why India’s strong GDP recovery in Q1FY22 may be deceptive

Explained: Why India’s strong GDP recovery in Q1FY22 may be deceptive

India Today
Monday, August 30, 2021 08:34:30 AM UTC

India's GDP likely grew at a record pace in the first quarter of the current financial year. However, economists say the jump in GDP growth percentage in the June quarter may be deceptive. Here's all you need to know.

Official data set to release Tuesday is likely to show that India’s gross domestic product (GDP) grew at a record pace in Q1FY22. If the June quarter GDP is in line with expectations, it would mark the best quarterly growth since such data was maintained. A recent poll of economists suggests that India’s GDP grew roughly 20 per cent in the June quarter, much higher than the 1.6 per cent growth recorded in the fourth quarter of FY21 (January-March quarter).
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