Is India’s economy back on track? Here’s what to expect from Q2 GDP numbers

Official GDP data for the second quarter is expected to show that the Indian economy strengthened further during the period. Here is all you need to know.

India’s economy witnessed a sharp recovery after the second Covid-19 wave battered growth earlier in the year. Official GDP data to be released later in the day is expected to show that growth remained steady during the second quarter of the ongoing financial year.

In the first quarter of FY22, the country’s GDP growth accelerated to a record 20.1 per cent on the back of improvement in the pandemic situation, aided by rising vaccination and reopening of the economy. A low base also helped growth accelerate sharply during the first quarter.