India’s GDP in June quarter likely to touch record high. Here’s why

India's GDP growth in the first quarter of FY22 is expected to hit a record high due to a low base effect and a sharp rebound compared to the same period last year.

India’s economic growth in the first quarter of FY22 could be at a record high due to the weak base last year and a sharp rebound in consumer spending. A recent poll of 41 economists conducted by news agency Reuters indicated that the gross domestic product (GDP) rose 20 per cent in the June quarter, compared to the record contraction of 24.4 per cent in the same period a year ago.