India’s GDP gains momentum in Q2FY22, grows at 8.4%

India's economic growth remained strong during the second quarter of FY22 due to improvement in economic activity and higher Covid vaccine coverage.

India’s economic growth remained strong during the second quarter after growing at a record pace in the first quarter of FY22. Official government data suggests that India’s gross domestic product (GDP) grew at 8.45 per cent during the July-September quarter.

The reason why GDP growth remained positive during the quarter was resumption of economic activity, aided by a higher vaccination ratio, and rapid improvement in the industrial and services sectors. Rising demand for essential and non-essential goods also contributed to the steady rise in GDP growth.