The National Statistical Office (NSO) released the second quarter gross value added (GVA) and gross domestic product (GDP) numbers on November 30, 2021, indicating the pace of economic recovery in India after the two COVID-19 waves. The contraction was highest in the first quarter of 2020-21, gradually easing off in the subsequent quarters. The resultant base effect was the strongest in the first quarter of 2021-22 as reflected in real GDP and GVA growth rates of 20.1% and 18.8%, respectively. (Read More)
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