GDP of India increased by 13.5 percent in the first quarter of FY 2022
The Gross Domestic Product (GDP) of India under the wise guidance of Prime Minister Narendra Modi for the April-June quarter of the current financial year grew at 13.5 percent. Agricultural, Forestry & Fishing sector growth in the first quarter of fiscal 2022-23 was 4.5 percent according to provisional estimates by the Ministry of Statistics & Programme Implementation. There was a 4.8% growth in the manufacturing sector, and a 16.8% growth in the construction sector.
Trade, Hotels, Transport, Communication & Broadcasting logged growth of 25.7% in the current fiscal year. According to estimates, the real GDP in Q1 of 2022-23 will reach a level of 36 lakh and 85 thousand crore rupees as against 32 lakh and 46 thousand crore rupees in Q1 of last fiscal at 2011-12 prices in Q1 of current fiscal. In the first quarter of the 2021-22 fiscal year, the country’s GDP grew by a rate of 21,1 percent, which is the highest in the past decade.