India GDP Growth Rate: The pace of economic growth accelerated, 8.4 percent GDP growth in Q2

India GDP Growth Rate: The results of the economic growth rate in the second quarter have been revealed. GDP growth in the second quarter has been 8.4 percent. In the same period last year, India's economy had gone 7.4 percent negative. Similar estimates were also being made by many agencies. In the first quarter of this year i.e. from April 2021 to June 2021, an increase of 20.1 percent was registered in the growth of India's GDP.

Private final consumption expenditure has reached Rs 19.48 lakh crore in the July-September quarter, as against Rs 17.83 lakh crore in the previous quarter. If we look at the growth sector-wise, the manufacturing sector registered a growth of 5.5 per cent. At the same time, construction activities increased by 7.5 percent. The growth in the agriculture sector was 4.5 per cent. Mining saw the highest growth of 15.4%.

GDP at constant prices (2011-12) is estimated at Rs 68.11 lakh crore in the April-September period of 2021-22 as against Rs 59.92 lakh crore in the corresponding period last year. Thus, it shows a growth of 13.7 per cent in the first half (April-September) of the current financial year, as against a decline of 15.9 per cent in the corresponding period of the previous financial year. The government had imposed a nationwide 'lockdown' last year for the prevention of the Kovid-19 epidemic. China's growth rate stood at 4.9 percent in the July-September quarter of 2021.

India Ratings had projected that the country's economy would grow at 8.3 per cent in the second July-September quarter of the current fiscal, while the gross domestic product (GDP) would grow at 9.4 per cent for the full fiscal year 2021-22. India Ratings said higher growth in the agriculture sector led to higher consumer spending, leading to a pick-up in private final consumption spending. Another major reason for this is the nearly three-fold jump in vaccinations, which rose to 89.02 crore by the end of October, the agency said. by the end of june.