INSUBCONTINENT EXCLUSIVE:
GDP grew by 8.4% in July-September against 20.1% in previous quarterIndia's gross domesic product (GDP) grew by 8.4 per cent during the
July-September quarter of 2021-22
The growth, though not so high as the stupendous 20.1 percent dive seen in the June quarter of the current financial, is still in favorable
area for the fourth successive quarter.However compared to the matching period of the previous financial, the 8.4 per cent growth in
September quarter of 2021-22 is big considering the fact that there was a contraction of 7.4 percent in the July-September quarter of
The spurt in economic development throughout the 2nd quarter of the existing financial year was generally due to the favorable development
seen in essential sectors like agriculture, mining, manufacturing, electricity and water supply, transportation, communication and genuine
estate.During the 2nd quarter of the previous financial (2020-21), all these sectors had actually seen unfavorable growth except for farming
as well as gas and water system, according to information launched by the ministry of statistics.This is the fourth consecutive quarter when
favorable development has actually been witnessed, as economy had actually grown by 0.5 percent third quarter of 2020-21, 1.6 percent in the
4th quarter of 2020-21 and 20.1 percent in the first quarter of 2021-22
In the first 2 quarters of 2020-21, the growth was -24.4 per cent and -7.4 percent respectively, as the country was under total lockdown due
to the break out of the Coronavirus pandemic and all financial activities had actually come to a halt
Gradually after limitations were raised and festival season associated activities began with October 2020 onwards, the third and 4th
quarters revealed meagre however positive growth
