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India GDP Data Economy Grows Over 20% In Q1FY22

By FnF Correspondent | PUBLISHED: 31, Aug 2021, 19:52 pm IST | UPDATED: 31, Aug 2021, 20:13 pm IST

India GDP Data Economy Grows Over 20% In Q1FY22

New Delhi: Reaching a record high, India's gross domestic product (GDP) grew at a massive pace of 20.1 per cent in the first quarter of FY22, as per the provisional estimates of GDP released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday.

The government data revealed that the significant growth was helped by a low base of the year-ago period. 

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 percent as compared to contraction of 24.4 percent in Q1 2020-21," the NSO said in a statement.

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