Pandemic rebound boosted India's GDP by 13.5% in the April-June quarter
According to figures provided by the National Statistical Office (NSO) on Wednesday, India's Gross Domestic Product (GDP) increased by 13.5% during the first quarter of the current fiscal year (April to June), compared to a growth of 20.1% during the same period previous year.
Due to the base effect, many analysts predicted that the Indian economy would grow at a double-digit rate.
ICRA, a ratings firm, predicted that the GDP will expand by 13% between April and June 2022, while the State Bank of India forecasted a growth rate of 15.7%.
The Reserve Bank of India (RBI) stated earlier this month that the GDP growth rate is probably going to be around 16.2% in the first quarter of this fiscal year.
China's economy grew by 0.4% between April and June 2022.
What's Your Reaction?