The Q1 was marked by covid second wave which saw fresh round of pandemic disruptions emerging across multiple states but they were less compared from the same period last year when the nationwide lockdown had been imposed.
The Indian economy grew at a record 20.1 per cent during the first quarter of the current financial year 2021-22 on the back of favourable base effect, showed official data released on Tuesday. On Gross Value Added or GVA basis, it expanded by 18.8 per cent during the period.
The Q1 was marked by covid second wave which saw fresh round of pandemic disruptions emerging across multiple states but they were less from the same period last year when the nationwide lockdown had been imposed.
“GDP at Constant (2011-12) Prices in Q1 of 2021-22 is estimated at ₹ 32.38 lakh crore, as against ₹ 26.95 lakh crore in Q1 of 2020-21, showing a growth of 20.1 percent as compared to contraction of 24.4 percent in Q1 2020-21,” the official statement read. GDP is derived as the sum of the gross value added (GVA) at basic prices, plus all taxes on products, less all subsidies on products.
https://cfo.economictimes.indiatimes.com/news/india-q1-gdp-grows-record-20-1-on-high-base-effect/85799667
Sectoral Trends:
| Sector | Q1FY22 | Q1FY21 |
| Agriculture, Forestry and Fishing | 4.5 | 3.5 |
| Mining and Quarrying | 18.6 | -17.2 |
| Manufacturing | 49.6 | -36 |
| Electricity, Gas and Water Supply | 14.3 | -9.9 |
| Construction | 68.3 | -49.5 |
| Trade, Hotels, Transport | 34.3 | -48.1 |
| Financial, Real Estate and Professional Services | 3.7 | -5.0 |
| Public Administration, and Defense | 5.8 | -10.2 |
| GVA | 18.8 | -22.4 |
| GDP | 20.1 | -24.4 |
