The country’s economy strengthened, GDP was 8.4% in the second quarter

GDP Data for 2nd Quarter Declared: In this financial year, between July and September, in the second quarter, the country’s economic growth rate (GDP) was 8.4 percent. Whereas in the first quarter the GDP was 20.1 percent. At the same time, in the same second quarter of the year 2020-21, the GDP was – 7.5 percent (negative 7.5%). Statistics Office has released these figures.

GDP stood at 8.4% in the second quarter

On behalf of the Ministry of Statistics and Program Implementation, it has been said that the GDP reached Rs 35.73 lakh crore in the second quarter of the financial year 2021-22, which was Rs 32.97 lakh crore in the same quarter last year.

In the data released by NSO, it has been said that the Gross Value Added (GVA) growth of the manufacturing sector was 5.5 percent in the second quarter of the financial year 2021-22. In the same quarter of the last financial year, it recorded a growth of – 1.5 percent. The GVA growth of the agriculture sector stood at 4.5 per cent as against 3.0 per cent in the same quarter last year.

The GVA growth of 7.5 percent was in the construction sector. It stood at -7.2 per cent during the April-July quarter last year. The mining sector registered a growth of 15.4 percent. Electricity, gas, water supply and other utility services saw 8.9 per cent growth in the quarter. A growth rate of 2.3 per cent was registered in the same period last year.

Similarly, services related to trade, hotel, transport, communication and broadcasting saw a growth of 8.2 percent. Similarly, financial, real estate and professional services saw a growth of 7.2 per cent.

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