India GDP LIVE: Indian economy grew 1.6% in Q4FY21; Full-year GDP contraction stands at 7.5%

In the previous quarter, India’s GDP swung back into the positive territory, growing 0.4%.

India GDP growth LIVE: India’s economy continued to expand in the January-March quarter, growing 1.6% in the three-month period. For the full financial year 2020-21, India’s economy contracted 7.3%. The Q4 GDP figures were ahead of the medial projections made by economists polled by Reuters, who had pinned a 1% growth estimate. India has now reported two consecutive quarters of GDP expansion, after having witnessed two consecutive quarters of contraction earlier in the financial year. “GDP at Constant (2011-12) Prices in Q4 of 2020-21 is estimated at Rs 38.96 lakh crore, as against Rs 38.33 lakh crore in Q4 of 2019-20, showing a growth of 1.6%,” the official release said.

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