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New Delhi:
Indian economic system grew by 5.4 per cent within the October-December quarter of 2021-22, official information launched on Monday confirmed. The gross home product (GDP) had expanded by 0.7 per cent within the corresponding interval of 2020-21, in response to the information launched by the Nationwide Statistical Workplace (NSO).In its second advance estimates of nationwide accounts, the NSO has projected 8.9 per cent progress in 2021-22.
In its first advance estimates launched in January, it had projected 9.2 per cent progress for 2021-22 as in opposition to a contraction of 6.6 per cent in 2020-21.
The economic system had grown by 20.3 per cent within the first quarter of this fiscal because of decrease base impact. Within the second quarter, the GDP grew by 8.5 per cent.
China’s economic system grew by 4 per cent in October-December 2021.
Additionally Learn:
The key motive for the possible downward revision is the upward revision of FY21 GDP to INR 135.6 lakh crore within the first revised estimate of nationwide earnings for FY21, which was launched on January 31, 2022, the company mentioned.
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