INSUBCONTINENT EXCLUSIVE:
India Q1 GDP Data 2021-22: The country's GDP grew by 20.1 per cent in the June quarter
The economy rebounded in the April-June quarter of the financial year 2021-22, as the gross domestic product (GDP)
grew by a record 20.1per cent driven by the low base of the year-ago period, despite the deadly second wave of the COVID-19 pandemic in the
The data came in line with a recent poll conducted by news agency Reuters, where all 41 economists who took part in the survey, said that
the GDP rose 20.0 per cent in the three-month period
Despite the record growth in the first quarter of the current fiscal, the economy is yet to reach its pre-COVID levels
the recovery of pre-pandemic levels was significant in government consumption at 107.4 per cent and exports at 108.7 percent
stood at 108.2 per cent and recovery in manufacturing was about 96 per cent.The gross value added (GVA) growth in the manufacturing sector
accelerated to 49.6 per cent in the first quarter of the current fiscal, compared to a contraction of 36 per cent in the year-ago period.The
construction sector grew by 68.3 per cent in the June quarter, compared to a contraction of 49.5 per cent in the year-ago period
The mining sector grew by 18.6 per cent, compared to a contraction of 17.2 per cent a year ago.Consumer spending - the main driver of the
of an imminent V-shaped recovery made last year.The GDP contracted by a record 24.4 per cent in the corresponding quarter of the previous
fiscal 2020-21, mostly due to the nationwide lockdown induced by the pandemic which threatened the pace of the economy and brought
