India's GDP growth slows to 5.4% in Q3, estimated to rise 8.9% in FY22

In the current fiscal, GDP growth stood at 20.3% in April-June quarter and 8.5% in July-September period

India's economic growth slowed to 5.4 per cent in the third quarter of 2021-22 but higher than China's GDP expansion of 4 per cent during the same period and the country retained its position as the world's fastest growing major economy.

In the current fiscal, GDP growth stood at 20.3 per cent in April-June quarter and 8.5 per cent in July-September period.

The National Statistical Office (NSO) in its second advance estimates of national accounts released on Monday pegged the country's growth for 2021-22 at 8.9 per cent, a tad lower than 9.2 per cent estimated in its first advance