India's GDP growth rate at 8.4 Percent in Q2FY22
India's GDP growth rate at 8.4 Percent in Q2FY22 The First quarter of the last fiscal year 2020-21 saw a sharp decline in the Indian Economy due to Covid-19 Epidemic. The Country's economy contracted (-24.4) Percent in the April-June 2021 quarter, reason for Nation wide lock down. This was followed by a decline of (-7.4) Percent in the next quarter which is July to September 2020-21. It is noteworthy that most developed and emerging economy countries had such an impact last year. Curfew controls eased somewhat and the economy is started to recover. It was 0.5 Percent growth in the December quarter and 1.6 Percent in the ending March 2021 quarter. During April to June period of the current fiscal year, the growth rate was said to be 20.1 Percent, then now 8.4 Percent in the second quarter of 2021-22. This said 8.4 Percent growth were compared with the last year September, which was seen as Negative growth. The Q2FY22 September quarter growth was mainly driven by the Service Sec