India's GDP grows 4.1% in Q4; expands 8.7% in FY22: Govt data

Manufacturing sector contracts in March quarter due to supply disruptions

India’s economy grew 4.1 per cent year-on-year in the January-March period of 2021-22 (Q4 FY22), even as the rate of growth slowed sequentially for a third straight quarter with the Omicron wave-induced restrictions and high commodity prices weighing on economic activities.

The National Statistics Office on Tuesday pared down the overall growth estimate for FY22 to 8.7 per cent from the 8.8 per cent projected in February. In FY22, all sectors except trade, hotels and communication services were above the pre-pandemic levels of FY20.

Growth in private final consumption expenditure, or private spending, decelerated sequentially in Q4 to 1.8 per