Indian economy grows 5.4% in December quarter, outpaces China
India Today
The GDP growth of India in December was lower than the data recorded for the previous quarter.
India recorded a gross domestic product (GDP) growth rate of 5.4 per cent for the third quarter of the ongoing financial year 2021-2022. The data for the quarter that ended in December has been complied by the National Statistical Office (NSO).
However, the GDP growth in December was lower than figures recorded for the previous quarter, according to the data.
The GDP growth in December was lower than the data recorded for the previous quarter. In the second quarter of fiscal 2021-22 that ended in September, the economy grew at 8.4 per cent.
The economy had grown by 20.3 per cent in the first quarter of this fiscal due to lower base effect. In the second quarter, the GDP grew by 8.5 per cent.
However, China's economy grew by 4 per cent between October to December 2021, according to a PTI report.
The GDP had expanded by 0.7 per cent in the corresponding period of 2020-21, according to the data released by the National Statistical Office (NSO).
In its second advance estimates of national accounts, the NSO has projected 8.9 per cent growth in 2021-22.
