After a long period of time, the Indian economy seems to be recovering. In the first quarter of FY 2021-22, the GDP growth rate stood at 20.1 per cent.
New Delhi: After a long hiatus, the Indian economy seems to be recovering. In the first quarter of FY 2021-22, the GDP growth rate stood at 20.1 per cent. This figure is an indication that the Indian economy has improved since the Corona period. GDP is an accurate measure of a country’s economic situation.
Good news on GDP
The central government has released the GDP results after the first quarter of the current financial year 2021-22. The GDP growth rate in the first quarter was 20.1 per cent as against a negative 23.9 per cent in the same quarter last year. This means that this year’s figures are moving towards economic recovery.
Corona infection affects the economy
The corona infection had adverse effects on the Indian economy. The first quarter of fiscal year 2020-21 saw a sharp decline of 23.9 per cent of GDP.
7.5 per cent growth in the second quarter
0.4 per cent growth in the third quarter
1.6 per cent growth in the fourth quarter
After that, the growth rate of 20.1 per cent in the first quarter of 2021-22 is said to be a good day for the Indian economy.
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