As per the data provided by the Ministry of Statistics and Programme Implementation, what per cent of growth has been registered in the GDP during the first quarter of the Financial Year 2021-22?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Just above 20%.
As per data released by the Ministry of Statistics and Programme Implementation, India's GDP registered a significant growth of 20.1% during the first quarter (April-June) of the Financial Year 2021-22. This sharp rebound was primarily due to a low base effect from the severe contraction in the same quarter of the previous year (Q1 FY 2020-21) due to COVID-19 lockdowns.