India’s Q2 GDP growth at 8.4 percent; economic recovery intact

Quarterly gross value added (GVA) at Basic Prices at Constant (2011-12) Prices in Q2 2021-22 is estimated at ₹32.89 lakh crore, as against ₹30.32 lakh crore in Q2 2020-21, showing a growth of 8.5 percent.

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India’s Gross Domestic Product (GDP) witnessed a growth of 8.4 percent between July & September, as per official data. The GDP had contracted by 7.4 percent in the same quarter last financial year due to lockdown imposed owing to Covid-19 pandemic.

“GDP at Constant (2011-12) Prices in Q2 2021-22 is estimated at ₹35.73 lakh crore, as against ₹32.97 lakh crore in Q2 2020-21, showing a growth of 8.4 percent as compared to 7.4 percent contraction in Q2 2020-21,” a government release said.

Quarterly gross value added (GVA) at Basic Prices at Constant (2011-12) Prices in Q2 2021-22 is estimated at ₹32.89 lakh crore, as against ₹30.32 lakh crore in Q2 2020-21, showing a growth of 8.5 percent, it said in a release.

Sectoral Performance:

1. Agriculture output grew 4.5 percent in Q2FY22 compared to 3 percent growth in Q2FY21. 

2. Mining and Quarrying grew 15.4 percent in Q2FY22 compared to 6.5 percent contraction in Q2FY21.

3. Manufacturing grew 5.5 percent in Q2FY22 compared to 1.5 percent contraction in Q2FY21. 

4. Electricity, Gas, Water Supply grew 8.9 percent in Q2FY22 compared to 2.3 percent growth in Q2FY21.

5. Construction grew 7.5 percent in Q2FY22 compared to 7.2 percent contraction in Q2FY21. 

6. Trade, Hotels, Transport and Communications grew 8.2 percent in Q2FY22 compared to 16.1 percent contraction in Q2FY21. 

7. Financial, Real Estate and Professional Services grew 7.8 percent in Q2FY22 compared to 9.1 cercent contraction in Q2FY21. 

8. Public Administration and Defense grew 17.4 percent in Q2FY22 compared to 9.2 percent contraction in Q2FY21.