Indian economy grew at 8.7 per cent in FY22
India Today
GDP grew 8.7 per cent in FY2021-22 against a contraction of 6.6 per cent in the previous fiscal, according to the government data.
The Indian economy grew at 8.7 per cent, according to the National Statistical Office (NSO) data released on Tuesday. The Gross Domestic Product (GDP) growth was estimated at 8.7 per cent in the financial year 2021-22 against a contraction of 6.6 per cent in the previous fiscal.
Meanwhile, the combined Index of Eight Core Industries stood at 143.2 in April 2022, which is an increase of 8.4 per cent as compared to the Index of April 2021.
India's GDP growth was at 4.1 per cent in the January-March quarter of FY2021-22 against the 5.4 per cent in the previous three-month period.
The GDP had expanded by 2.5 per cent in the corresponding January-March period of FY2020-21, according to data released by the NSO.
The NSO, in its second advance estimate, had projected GDP growth during FY2021-22 at 8.9 per cent.
China registered an economic growth of 4.8 per cent in the first three months of 2022.
The fiscal deficit for FY2021-22 worked out to be 6.71 per cent of the GDP, lower than 6.9 per cent projected by the Finance Ministry in the revised Budget Estimates, according to government data released on Tuesday.
