Indian Economy Grows by 5.4% In Third Quarter of FY 2021-22

The Indian economy grew by 5.4% in the October-December quarter of 2021-22, official data released on Monday showed, lower than the two previous quarters of the fiscal year.

PTI

The Indian economy grew by 5.4% in the October-December quarter of 2021-22, official data released on Monday showed, lower than the two previous quarters of the fiscal year.

indian economy grows by 5 4 in third quarter of fy 2021 22

A man walks at the seafront as scattered clouds are seen over Mumbai's skyline, India, June 10, 2015. Photo: Reuters/Danish Siddiqui

New Delhi: The Indian economy grew by 5.4% in the October-December quarter of 2021-22, official data released on Monday showed, lower than the two previous quarters of the fiscal year.

The gross domestic product (GDP) had expanded by 0.7% in the corresponding period of 2020-21, according to the data released by the National Statistical Office (NSO).

In its second advance estimates of national accounts, the NSO has projected 8.9% growth in 2021-22.

In its first advance estimates released in January, it had projected 9.2% growth for 2021-22 as against a contraction of 6.6% in 2020-21.

The economy had grown by 20.3% in the first quarter of this fiscal due to the low base effect. In the second quarter, the GDP grew by 8.5%.

China's economy grew by 4% in October-December 2021.

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