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India's Q4 GDP grows at 4.1%; FY22 growth at 8.7%

31 May '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

India’s gross domestic product (GDP) for the fourth quarter (Q4) of fiscal 2021-22 (FY22) grew at 4.1 per cent, while the growth in GDP during FY22 is estimated at 8.7 per cent as compared to a contraction of 6.6 per cent in FY21. Real GDP or GDP at constant (2011-12) prices in the year 2021-22 is estimated to attain a level of ₹147.36 lakh crore, as against the First Revised Estimate of ₹135.58 lakh crore for the year 2020-21, released on January 31, 2022.

GDP at constant (2011-12) prices in Q4 2021-22 is estimated at ₹40.78 lakh crore, as against ₹39.18 lakh crore in Q4 2020-21, showing a growth of 4.1 per cent, said the ministry of statistics and programme implementation.

Nominal GDP or GDP at current prices in the year 2021-22 is estimated to attain a level of ₹236.65 lakh crore, as against ₹198.01 lakh crore in 2020-21, showing a growth rate of 19.5 per cent.

Fibre2Fashion News Desk (KD)

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