"India, the largest economy in the region, is expected to grow by 6.4 per cent in 2022, well below the 8.8 per cent growth in 2021, as higher inflationary pressures and uneven recovery of the labour market will curb private consumption and investment," the report said.
महामारी की दूसरी लहर पर काबू पाने के लिए अप्रैल और मई में ज्यादातर राज्यों में लॉकडाउन के कारण 2021-22 की पहली यानी जून तिमाही में जीडीपी में 12 फीसदी की गिरावट आ सकती है।
India s GDP contracts 7.3% in FY21; grows at 1.6% in Q4
On the lines of forecasts by professional agencies, economy continued its expansion in January-February quarter though recent rise in infections played spoil sport. This is second consecutive quarter when GDP grew in positive territory in FY21
Manoj Sharma | May 31, 2021 | Updated 18:17 IST
Economy had grown 4.18 per cent in FY20 and 6.12 per cent in FY19
India s economy grew at 1.6 per cent in the fourth quarter of 2021-21, recording a slight pickup in GDP growth amid the Covid-19 second wave hitting the economy hard. In the full fiscal year, the economy shrunk by -7.3 per cent as the Covid-19 pandemic ravaged the economy.
In Q3, economy stepped out of recession for the first time after registering negative growth for two consecutive quarters in 2020-21. Growth was recorded on record investment and government expenditure even as private expenditure lagged behind amid Covid-
S&P Global Ratings on Wednesday slashed India s GDP growth forecast for the current financial year to 9.8 per cent saying the second COVID wave may derail a budding recovery in the economy and credit conditions.