India’s GDP grew 8.7% in fiscal FY22

Production of coal, fertilisers, cement, increased in April

India’s gross domestic product during fiscal year 2021-22 is estimated at 8.7 per cent as compared to a contraction of 6.6 per cent in 2020-21, official data showed on Tuesday.

The GDP grew 4.1 per cent year on year in Q4FY22, data showed.

In the same quarter of FY21, it was 1.6 per cent.

The Reserve Bank of India (RBI) had projected GDP for the fiscal that ended in March at 9.5 per cent and for Q4 at 6.1 per cent.

Besides, the combined Index of Eight Core Industries stood at 143.2 in April 2022, which is an increase of 8.4 per cent (provisional) as compared to the index of April 2021.

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