India's FY22 GDP Projection Lowered | Oct-Dec GDP Expands 5.4% | Breaking News
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drishtiias.com
India's gross domestic product (GDP) growth for the first quarter (ended June 30) of financial year 2020-21 suffered the largest quarterly slump of 23.9%. The sharp decline in GDP data is mainly due to closure of business activity during the quarter owing to nationwide lockdowns to curb the spread of the deadly coronavirus. The GDP figure stood at 3.1 percent in the January-March period (Q4) of the financial year 2019-20. | The Times of India
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India's gross domestic product or GDP contracted by 23.9 per cent in the April-June period, official data showed today, as the coronavirus pandemic-induced disruptions hurt businesses and livelihoods despite monetary and fiscal support of Rs. 21 lakh crore. That marked the worst decline in the economy since 1996 when India began publishing quarterly figures, and the worst among major Asian economies. Economists, analysts and investors had keenly awaited the reading as today's data fully captures
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India's gross domestic product or GDP expanded by 6.1 per cent in the fourth quarter (Q4) of fiscal year 2022-23, according to the official data shared by the National Statistical Office (NSO). For the entire FY23, the growth rate came in at 7.2 per cent. In Q4FY22, gross domestic product (GDP) growth was 4 per cent. The growth in real GDP during 2022-23 is estimated at 7.2 per cent as compared to 9.1 per cent in 2021-22, while nominal GDP or GDP at Current Prices in the year 2022-23 is estimat
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