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India's GDP grows 4.1percent in Q4, 8.7 percent in FY22, shows Govt Data

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India's gross domestic product (GDP) grew by 4.1 per cent in the fourth quarter (Q4) of FY22, pushing up the annual growth rate to 8.7 per cent, government data showed on Tuesday. However, growth in the January-March period was slower than the 5.4 per cent expansion in the previous October-December quarter of 2021-22. According to the data released the National Statistical Office (NSO), the economy had expanded by 2.5 per cent in the corresponding January-March period of 2020-21. The economy expanded by 8.7 per cent in FY22 against a 6.6 per cent contraction in FY21. The NSO, in its second advance estimate, had projected GDP growth during 2021-22 at 8.9 per cent.
Category
Asia
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Abp news live, ABp news, hindi news states
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