GDP Growth Rate: India's economy grew at the rate of 8.7 percent in the year 2021-22. The growth rate in the fourth quarter was 4 percent. The Government of India has released these figures on Tuesday. The government has told that in the previous financial year i.e. the year 2020-21, there was a decline of 6.6 percent in the growth rate of GDP.

According to the data released by the National Statistical Office (NSO) on Tuesday, the growth rate in the October-December 2021 quarter was 5.4 percent, while the growth rate in the January-March 2021 quarter was 2.5 percent. According to official data, the GDP growth rate for the full year 2021-22 stood at 8.7 percent.

Earlier, in the year 2020-21, the economy had declined by 6.6 percent. However, the growth figure for the financial year ended March 2022 has been lower than the NSO's forecast. NSO in its second advance estimate had projected a probability of 8.9 percent.