India’s GDP grows at over 20% in Q1FY22, highest ever quarterly expansion

India's GDP grew at a record pace of over 20 per cent in the first quarter of FY22 due to a weak base and strong rebound in consumer demand in comparison to the same period in 2020-21.

India’s gross domestic product (GDP) grew at a record pace of 20.1 per cent in the first quarter of FY22, as per official data released on Tuesday. The record growth in the April-June quarter comes on the back of a weak base and a sharp rise in consumption demand. “GDP at Constant (2011-12) Prices in Q1 of 2021-22 is estimated at Rs 32.38 lakh crore, as against Rs 26.95 lakh crore in Q1 of 2020-21, showing a growth of 20.1 per cent as compared to a contraction of 24.4 per cent in Q1 2020-21," said the statement released by Ministry of Statistics and Programme Implementation.