New Delhi: The Indian economy expanded at its fastest pace in nearly 22 years in 202122, but growth slowed to a four-quarter-low in JanuaryMarch due to the impact of the restrictions imposed against the backdrop of the Omicron variant.
Data released by the National Statistical Office showed the economy growing by 8.7% in 2021-22 while growth in the January-March quarter slowed to 4.1%. To put the numbers in context, the 8.7% expansion comes against the backdrop of a very low base as the economy contracted by 6.6% in the previous period due to the impact of one of the strictest lockdowns in the world to prevent the spread of the Covid-19 pandemic.
This story is from the June 01, 2022 edition of The Times of India Mumbai.
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This story is from the June 01, 2022 edition of The Times of India Mumbai.
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