New Delhi:India's GDP growth slowed to 8.4 per cent in the second quarter of 2021-22, mainly due to the waning low base effect, but the economy has surpassed the pre-COVID level, official data showed on Tuesday.
The GDP growth in the April-June quarter this fiscal stood at 20.1 per cent. The Indian economy had contracted by 24.4 per cent in April-June last year.
The gross domestic product (GDP) had contracted by 7.4 per cent in the corresponding July-September quarter of 2020-21, according to data released by the National Statistical Office (NSO).
The government had imposed a nationwide lockdown at the onset of the COVID-19 pandemic last year.
This year, a massive second wave of the pandemic hit the country in the middle of April, which forced states to impose fresh restrictions.
However, the economy has now surpassed the pre-COVID level.
In value terms, the GDP stood at Rs 35,73,451 crore in July-September 2021-22, higher than the Rs 35,61,530 crore in the corresponding period of the 2019-20 financial year.
The GDP had shrunk to Rs 32,96,718 crore in July-September last year during the nationwide lockdown.
GDP at Constant (2011-12) Prices in April-September 2021-22 (H1 2021-22) is estimated at Rs 68.11 lakh crore as against Rs 59.92 lakh crore during the corresponding period of previous year, showing a growth of 13.7 per cent in H1 2021-22 as against a contraction of 15.9 per cent during the same period last year, it stated.