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India's economy is estimated to clock a real GDP growth of 8.9 per cent in FY22 down from the earlier estimate of 9.2 per cent, official data showed on Monday.

Commodity cost pressure, as well as high base effect, subdued India's Q3FY22 GDP growth rate on a sequential basis, thereby, lowering the 2021-22 growth forecast to 8.9 per cent.

As India reported a 7.3 per cent contraction in its GDP for FY21, Chief Economic Adviser (CEA) K.V. Subramanian has said that the overall impact of the second wave of Covid-19 is unlikely to be significant, although there is uncertainty over ...

Covid-19-induced volatility heavily dented India's economy last fiscal as its growth rate plunged (-) 7.3 per cent from a rise of 4 per cent in 2019-20.On a sequential basis, however, India's economy grew during the fourth quarter, which ended ...

Read more about India's GDP grows 1.6% in fourth quarter, contracts 7.3% in FY21 on Business Standard. This is the first full-year contraction in the Indian economy in the last four decades since 1979-80, when GDP had shrunk by 5.2 per cent