Published On: Tue, Nov 30th, 2021

Fiscal push: India’s Q2FY22 GDP growth up 8.4 per cent year-on-year basis

New Delhi: Healthy monsoon season along with pent-up demand accelerated India’s Q2FY22 GDP growth rate to 8.4 per cent on a year-on-year basis.

India’s GDP growth rate had fallen by 7.4 per cent during the corresponding period of the previous fiscal

India’s GDP growth rate had fallen by 7.4 per cent during the corresponding period of the previous fiscal.

On a sequential basis, the GDP growth rate during Q2FY22 was lower than the rise of 20.1 per cent recorded for Q1FY22.

India’s GDP at constant 2011-12 prices has been estimated at Rs 35.73 lakh crore in Q2FY22, as against Rs 32.97 lakh crore in Q2FY21.

“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 per cent as compared to 7.4 per cent contraction in Q2 2020-21,” the National Statistical Office (NSO) said in its Q2FY22 GDP estimates.

“Quarterly GVA at Basic Prices at Constant (2011-12) Prices in Q2 2021-22 is estimated at Rs 32.89 lakh crore, as against Rs 30.32 lakh crore in Q2 2020-21, showing a growth of 8.5 per cent,” it added.

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