Indian economy grows 8.4 pc in July-September, surpasses pre-COVID level

Delhi | Tuesday | 30th November, 2021

Summary:

New Delhi, Nov 30 (PTI) India"s GDP growth slowed to 8.4 per cent in the second quarter of 2021-22, mainly due to waning low base effect, but the economy has surpassed the pre-COVID level, official data showed on Tuesday.

The GDP growth in April-June quarter this fiscal stood at 20.1 per cent.

The Indian economy had contracted by 24.4 per cent in April-June last year.

The gross domestic product (GDP) had contracted by 7.4 per cent in the corresponding July-September quarter of 2020-21, according to data released by the National Statistical Office (NSO).

The government had imposed a nationwide lockdown at the onset of the COVID-19 pandemic last year.

This year, a massive second wave of the pandemic hit the country in the middle of April, which forced states to impose fresh restrictions.