Low base drives up India's GDP growth to record 20.1% in Q1FY22

Growth yet to get back to pre-covid level, CEA sees it happening next year

India’s economy grew by a record 20.1 per cent in the first quarter of the current fiscal year, which, however, gives little cause for cheer because such expansion was on a massive contraction of 24.4 per cent in the corresponding three months of the previous fiscal year. The growth also hides the disruption caused by the second pandemic wave. GDP was still 9.2 per cent lower than in the first quarter of 2019-20, which is in the pre-pandemic period.

Besides, growth during April-June FY22 was 16.9 per cent lower than in the previous quarter, Q4 of FY21, a measure that is