HomeBusinessIndia's GDP grew 8.7% during fiscal FY22 and 4.1% in Q4

India’s GDP grew 8.7% during fiscal FY22 and 4.1% in Q4

Published on

Official data on Tuesday showed that India’s gross domestic products during fiscal year 2021-22 were 8.7%, compared with a contraction in 2020-21 of 6.6%.

Data showed that the GDP grew by 4.1% year-on-year in Q4FY22.

It was 1.6% in the same quarter for FY21.

The Reserve Bank of India (RBI), projected GDP at 9.5 percent for the fiscal ending March and at 6.1 percent for the quarter that ended April.

The combined Index of Eight Core Industries was 143.2 in April 2022. This is an 8.4 percent (provisional), increase over the April 2021 index.

In April 2022, the production of electricity, coal, fertilizers, cement, and other products increased compared to the same period last year.

More like this

Pharma firm Cipla to extend stake in GoApptiv to 22 computer

Pharmaceutical firm Cipla will purchase a further stake price Rs 25.90 crore in digital...

RBI imposes Rs. 10 lakh penalty on The Tiruchengode Urban Bank

The Reserve Bank of India (RBI), has imposed a Rs 10 million penalty...

Centre receives 38 offline bids for industrial mining of coal

A complete of 38 offline bids had been obtained for industrial mining of coals...