GDP increased by 20.1% in the first quarter, the Chief Economic Advisor said – the government’s forecast came true


India GDP Data: The country’s Gross Domestic Product (GDP) registered a growth of 20.1 percent in the first quarter of the financial year 2021-22. This year’s growth rate has been high due to the lower base of the first quarter a year ago. Chief Economic Adviser K.V. Subramaniam said the GDP figures for the first quarter confirmed the V-shaped revival forecast in the economy expressed by the government last year.

This information has been given in the data released on Tuesday by the National Statistical Office (NSO). According to this, there was a decline of 24.4 percent in the gross domestic product (GDP) in the April-June quarter of the last financial year 2020-21.

The government had imposed a nationwide ‘lockdown’ from March to May last year to prevent the Kovid-19 epidemic. China’s growth rate has been 7.9 percent in the April-June quarter of 2021.

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