Sunday, October 17, 2021

India’s GDP grows 20.1 per cent in April-June 2021: Govt data

India’s economy grew by 20.1 per cent in the first quarter of 2021-22, helped by a low base of the year-ago period, official data showed.

The gross domestic product (GDP) had contracted by 24.4 per cent in the corresponding April-June quarter of 2020-21, according to data released by the National Statistical Office (NSO).

The government had imposed a nationwide lockdown at the onset of the COVID-19 pandemic last year.

China has recorded a growth of 7.9 per cent in the April-June period of 2021.

“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, marking a growth of 20.1% as compared to contraction of 24.4% in Q1 2020-21,” said the National Statistical Office (NSO) in its official release.

Quarterly GVA (Gross Value Added) at basic price at constant (2011-12) prices for Q1 of 2021-22 is estimated at Rs 30.48 lakh crore as against Rs 25.66 lakh crore in Q1 of 2020-21, showing a growth of 18.8%.

GDP at current prices in the year Q1 2021-22 is estimated at Rs 51.23 lakh crore as against Rs 38.89 lakh crore in Q1 2020-21, showing a growth of 31.7% as compared to contraction of 22.3% in Q1 2020-21.

GVA at basic price at current prices in Q1 2021-22 is estimated at Rs 46.2 lakh crore as against Rs 36.53 lakh crore in Q1 2020-21, showing a growth of 26.5 per cent.

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