The uptick in the fourth quarter was driven mainly by the manufacturing industries even as services remained comparatively stagnant, provisional estimates of annual national income and quarterly estimates released by NSO .
India’s GDP grew 1.6% in the 4th quarter of 2020-2021, before the second wave of pandemic arrived in the country. This comes on the top of 0.5 % growth in the October-December quarter.
The economy of country had grown in January-March last year.
The GDP shrinks 7.3% for the full financial year 2020-2021 is record low. Even so a marginal improvement shrinks from the earlier estimate of 8% in the second advance estimate declared in February. The uptick in 4th quarter was driven by manufacturing industry even as all services were remained stagnant, provisional estimate of annual national income and quarterly gave by NSO.