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The GDP progress in April-June quarter this fiscal stood at 20.1 %.
India’s financial progress slowed to eight.4 % within the second quarter of 2021-22, primarily as a result of waning low base impact, official knowledge confirmed on Tuesday.
The GDP progress in April-June quarter this fiscal stood at 20.1 %. The Indian financial system had contracted by 24.4 % in April-June final 12 months.
The gross home product (GDP) had contracted by 7.4 % within the corresponding July-September quarter of 2020-21, in accordance with knowledge launched by the Nationwide Statistical Workplace (NSO).
GDP at Fixed (2011-12) Costs in April-September 2021-22 (H1 2021-22) is estimated at ₹ 68.11 lakh crore as towards ₹ 59.92 lakh crore in the course of the corresponding interval of earlier 12 months, exhibiting a progress of 13.7 % in H1 2021-22 as towards a contraction of 15.9 % throughout the identical interval final 12 months, it said.
The federal government had imposed a nationwide lockdown on the onset of the COVID-19 pandemic final 12 months.
China has recorded a progress of 4.9 % within the July-September interval of 2021.
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