Economy

India’s GDP in first quarter of current fiscal grows at 13.5 percent, fastest in a year

The Gross Domestic Product (GDP) of the country for the April-June quarter of the current financial year grew at 13.5 per cent.

According to the provisional estimates by the Ministry of Statistics & Programme Implementation, in the first quarter of fiscal 2022-23, Agriculture, Forestry & Fishing sector rose 4.5 per cent. The manufacturing sector grew 4.8 per cent and the Construction sector appreciated by 16.8 per cent. The GDP segment of Trade, Hotels, Transport, Communication & Services related to Broadcasting, logged growth of 25.7 per cent in the current fiscal.

The Real GDP in Q1 of 2022-23 is estimated to attain 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.

The GDP of the country witnessed a growth of 20.1 per cent in the first quarter of 2021-22 fiscal.

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