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Just In: GDP growth slows down to 4.1% in Q4; FY22 growth stands at 8.7%

31 May 2022 Evaluate

Gross Domestic Product (GDP), a measure of the country's total economic output, has slowed down to 4.1% in the fourth quarter (Q4) of fiscal year 2021-22. In the third quarter of FY22, GDP growth had slowed to 5.4% from 8.5% in the second quarter and 20.3% in the first quarter. Further, the growth in GDP during 2021-22 is estimated at 8.7% as compared to a contraction of 6.6% in 2020-21.