Indian economy picks up pace, govt releases GDP growth figures

New Delhi: For the second quarter in a row, the Narendra Modi government has received excellent news regarding the Indian economy during the corona virus crisis. The Office for National Statistics (NSO) has announced the second quarter GDP (Q2 GDP) figures for the current fiscal year. In the second quarter of FY2021-22, GDP (GDP) increased by 8.4%, compared to a drop of 7.4% in the second quarter of the previous year.

According to government figures, the economic recovery accelerated significantly in the July-September quarter. GDP in the second quarter (Q2) 2021-22 is predicted to be Rs 35.73 lakh crore, up from Rs 32.97 lakh crore in the second quarter of 2020-21, according to statistics from the Ministry of Statistics and Programme Implementation. India's GDP grew by 20.1 percent from April to June 2021, the first quarter of fiscal year 2021-22. Tell us that the country's GDP fell by 24.4 percent between April and June of last year.

Several organisations, on the other hand, predicted that GDP growth in the second quarter would be between 7% and 9%. The Reserve Bank of India (RBI) forecasted 7.9% GDP growth in the second quarter. According to India Ratings (India Ratings), GDP growth is expected to be 8.3 percent in the second quarter, with 9.4 percent growth expected during the fiscal year.

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