Lagatar24 Desk
India GDP Q1 Data: India’s Gross Domestic Product (GDP) for the April-June quarter (Q1) of the ongoing financial year 2021-22 (FY22) grew by 20.1 per cent, as per the provisional estimates of GDP released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday.
The Gross Value Added (GVA) at basic prices during Q1 of FY22 was 18.8 per cent, the data showed.
The sharp rise in Q1 GDP data can be mainly attributed to a low base last year. The Indian economy had contracted by a record (-)24.4 per cent in the corresponding quarter last year owing to the impact of the nationwide lockdown that was imposed to curb the transmission of the Covid-19, which brought all non-essential activities to a halt.
Notably, the Indian economy had contracted by a record (-)24.4 per cent in the corresponding quarter last year owing to the impact of the nationwide lockdown.
