Indian economy grows 8.4% in July-September

New Delhi, 30/11: India’s GDP growth slowed to 8.4 per cent in the second quarter of 2021-22, mainly due to waning low base effect, but the economy has surpassed the pre-Covid level, official data showed on Tuesday.

 

 

The GDP growth in April-June quarter this fiscal stood at 20.1 per cent. The Indian economy had contracted by 24.4 per cent in April-June last year.

 

The gross domestic product (GDP) had contracted by 7.4 per cent in the corresponding July-September 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.