gdp growth: This is economic growth … Federal Government Report Release! – indian economy growth rate is 8.4 percent in july september quarter

The Indian economy suffered a severe downturn following the Corona impact. Domestic production was paralyzed and the export-import trade also suffered a setback. Various sectors, including agriculture and construction, were severely affected. Millions of people lost their jobs. New jobs were also lost. Earlier this year, however, corona infections began to return to normal.

Economic growth also began to improve as various economic concessions were announced by the central government and there were curfews. In this context, the federal government has now released its much-anticipated economic growth assessment report. In the July-September quarter, the Indian economy grew by 8.4 per cent.

The central government is confident that India will achieve double-digit growth in the current financial year. Prior to the release of this report, some companies had released their ratings. HDFC India has forecast 7.8 per cent growth in the July-September quarter. Similarly, a growth rate of 7.9 per cent was expected in the Federal Reserve’s assessment report. SBI had forecast that India would grow by 8.1 per cent.

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According to the government, this growth is possible due to the increase in investment and consumption in the private sector. Sector-wise, manufacturing grew by 5.5 per cent, construction by 7.5 per cent, agriculture by 4.5 per cent and mining by 15.4 per cent.

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