India's GDP likely to expand 8.1-pc in Second Qrt FY22

According to an SBI research report, India's Gross Domestic Product (GDP) growth will be around 8.1 percent in the second quarter of this fiscal year and in the range of 9.3-9.6 percent in fiscal 2022.

The GDP grew by 20.1 percent in the first quarter of FY 22. The RBI expects real GDP growth of 9.5 percent in fiscal 2022, with 7.9 percent in Q2, 6.8 percent in Q3, and 6.1 percent in Q4.

"According to SBI's Nowcasting Model, GDP growth for Q2 FY22 is expected to be 8.1 percent, with an upward tendency. The full year (FY22) GDP growth is now revised upwards to 9.3-9.6 percent from our original estimate of 8.5-9.0 percent," according to Ecowrap's research report. According to the report, the anticipated 8.1 percent growth rate in Q2 FY22 is the highest among all economies.

In Q3 (2021), the average GDP growth of 28 chosen economies slowed to 4.5 percent, down from 12.1 percent in Q2 (2021). The country's real GDP growth would currently be 1.5-1.7 percent higher than the pre-pandemic level of FY20, at an annual pace of 9.3-9.6 percent.

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