India is back on track on becoming her best, by qualifying as ‘World’s Fastest Growing Economy.
Growth in Indian economy
An official data released on November 30, Tuesday revealed that India’s GDP, in the 2021-22, fiscal year’s second quarter, i.e., I the months July-September, grew at 8.4%.
The digit highlights a crucial upsurge comparatively with the COVID-19-hit in the second quarter of last fiscal year when the GDP had declined by 7.4%.
The Ministry of Statistics & Programme Implementation said, “GDP at Constant (2011-12) Prices in Q2 2021-22 is estimated at Rs 35.73 lakh crore, as against Rs 32.97 lakh crore in Q2 2020-21, showing a growth of 8.4 percent as compared to 7.4 percent contraction in Q2 2020-21”.