India GDP Data 2020-21: The nation’s GDP grew by 1.6 per cent within the final quarter of fiscal 2021
After the nation’s gross home product (GDP) grew by 1.6 per cent within the January-March quarter of fiscal 2021, India is now one of many choose few economies on this planet that witnessed constructive year-on-year progress within the final two consecutive quarters. According to a latest report titled ‘Monthly Economic Review 2021’ launched by the Department of Economic Affairs, the upper financial progress in the course of the fourth quarter could also be linked to the unlocking of the economic system and revival in enterprise and shopper confidence that was underway in the course of the interval.
In the fourth and final quarter of the monetary yr 202-21, the GDP registered an enchancment over the 0.5 per cent progress within the third quarter. While the GDP contracted by a file 24.4 per cent within the first quarter of the fiscal and by 7.4 per cent within the second quarter, ensuing within the economic system slipping right into a technical recession.
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