India's economy is estimated to clock a growth of 9.2 per cent in terms of real GDP for FY22, official data showed on Friday. In 2020-21, India's economy had contracted by (-)7.3 per cent.
On year-on basis, there was a sharp increase in expenditure on public administration, defence and other services, which recorded a growth of 17.4 per cent from (-)9.2 per cent in the like quarter of the previous fiscal and 5.8 per cent in Q1FY22.
According to the International Monetary Fund (IMF) projections released on Tuesday, India will continue to be the world's fastest growing major economy, clocking a growth rate of 9.5 per cent this fiscal year and 8.5 per cent in the next.
Prime Minister Narendra Modi on Saturday said that India's economy recovered more strongly as compared to the impact it suffered due to the COVID-19 outbreak.
Agriculture sector has been pandemic resilient. Its output is 8 per cent above pre-pandemic level. A below normal monsoon poses a risk to its growth in FY22.
New Delhi/Washington: While China will overtake the United States as the largest economy in the world by 2040, India will be a distant third contributor to the global GDP. This…
New Delhi: A massive contraction in manufacturing and construction activities pulled India’s GDP growth rate down to 3.1 per cent in the last quarter of 2019-20 from Q3’s 4.1 per cent and 5.7 per cent rise reported for the like period of the previous fiscal. Consequently, India’s FY20 GDP declined to 4.2 per cent from […]
Gandhinagar: Union Home Minister Amit Shah on Monday said he hoped that the next quarter of the financial year will take the GDP in the plus direction. He was speaking at a virtual public dedication ceremony of two flyovers in Ahmedabad connecting Rajkot and Gandhinagar, built at a cost of around Rs 70 crore. “Due […]
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