Indian economy's growth slows down to 5.4% between October to December
- Indian economic growth slowed down in October to December is slower amid risks from rising crude oil prices and other commodities post Russia-Ukraine crisis.
- The Indian economic growth has been slowing down since the last two quarters.
- However, this is the fifth consecutive quarter of positive growth.
AdvertisementIndian economy grew by 5.4 per cent in the October-December quarter of 2021-22, official data released on Monday showed. The gross domestic product (GDP) had expanded by 0.7 per cent in the corresponding period of 2020-21, according to the data released by the National Statistical Office (NSO).
The Indian economic growth has been slowing down since the last two quarters. However, this is the fifth consecutive quarter of positive growth.
In its second advance estimates of national accounts, the NSO has projected 8.9 per cent growth in 2021-22.
In its first advance estimates released in January, it had projected 9.2 per cent growth for 2021-22 as against a contraction of 6.6 per cent in 2020-21.
The economy had grown by 20.3 per cent in the first quarter of this fiscal due to lower base effect. In the second quarter, the GDP grew by 8.5 per cent.
China's economy grew by 4 per cent in October-December 2021.
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