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GDP, FY22 – A Fledgling Recovery
GDP (Gross Domestic Product) of Indian economy recorded growth of 4.1% during Jan-March’22 quarter (Q4’FY22) and 8.7% for full year as per the data released by MOSPI (Ministry of Statistics and Programme Implementation) today. The figure isn’t a reason for much cheer as it come after a decline of 6.6% in FY21, the first pandemic year. GDP has grown marginally by 1.5% over FY20 level. However, there is significant sectoral variation with some of sectors being more than 6% over FY20 whereas one of them is still below FY20 level, the K-shaped recovery conundrum. Here is a brief analysis of GDP and its constituents.
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