India GDP New Delhi: India's gross domestic product (GDP) showed an impressive positive development as it shot up to record a 20.1 per cent rise in the April-June period or the first quarter of 2021-22, as per government data released on Tuesday.
"GDP at Constant (2011-12) Prices in Q1 of 2021-22 is estimated at ₹ 32.38 lakh crore, as against ₹ 26.95 lakh crore in Q1 of 2020-21, showing a growth of 20.1 percent as compared to contraction of 24.4 percent in Q1 2020-21. Quarterly GVA at Basic Price at Constant (2011-12) Prices for Q1 of 2021-22 is estimated at ₹ 30.48 lakh crore, as against ₹ 25.66 lakh crore in Q1 of 2020-21, showing a growth of 18.8 percent," read a statement issued by the Indian government.
"GDP at Current Prices in the year Q1 2021-22 is estimated at ₹ 51.23 lakh crore, as against ₹ 38.89 lakh crore in Q1 2020-21, showing a growth of 31.7 percent as compared to contraction of 22.3 percent in Q1 2020-21. GVA at Basic Price at Current Prices in Q1 2021-22, is estimated at ₹ 46.20 lakh crore, as against ₹ 36.53 lakh crore in Q1 2020-21, showing a growth of 26.5 percent," read the statement.
Meanwhile, the combined Index of Eight Core Industries stood at 134.0 in July 2021, which increased by 9.4 per cent (provisional) as compared to the Index of July 2020.
The production of Coal, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity industries increased in July 2021 over the corresponding periodof last year.
Final growth rate of Index of Eight Core Industries for April 2021 is revised to 62.6%from its provisional level 56.1%. The growth rate of ICI during April-July 2021-22 was 21.2% (P) as compared to the corresponding period of last FY.
The summary of the Index of Eight Core Industries is given below:
Coal –Coal production (weight: 10.33 per cent) increased by 18.7 per centin July,2021 overJuly,2020. Its cumulative index increased by 10.5 per centduring April to July, 2021-22 over corresponding period of the previous year.
Crude Oil–Crude Oil production (weight: 8.98 per cent) declined by 3.2 per centinJuly, 2021 overJuly, 2020. Its cumulative index declined by 3.4 per centduring April to July, 2021-22over the corresponding period of previous year.
Natural Gas - Natural Gas production (weight: 6.88 per cent) increased by 18.9 per cent in July, 2021over July, 2020. Its cumulative index increased by 21.0 per cent during April to July, 2021-22 over the corresponding period of previous year.
Petroleum Refinery Products–Petroleum Refinery production (weight: 28.04 per cent) increased by 6.7 per centin July, 2021 over July, 2020. Its cumulative index increased by 13.1 per cent during April to July, 2021-22over the corresponding period of previous year.
Fertilizers – Fertilizers production (weight: 2.63 per cent) increased by 0.5 per centin July, 2021 over July, 2020. Its cumulative index decreased by 1.1 per centduring April to July, 2021-22 over the corresponding period of previous year.
Steel –Steel production (weight: 17.92 per cent)increased by 9.3 per cent in July, 2021 over July, 2020. Its cumulative index increased by 59.4 per centduring April to July, 2021-22 over the corresponding period of previous year.
Cement –Cement production (weight: 5.37 per cent) increased by 21.8 per centin July, 2021 over July, 2020. Its cumulative index increased by 45.6 per centduring April to July, 2021-22 over the corresponding period of previous year.
Electricity –Electricity generation (weight: 19.85 per cent) increased by 9.0per centin July, 2021 over July,2020. Its cumulative index increased by 14.6 per centduring April to July, 2021-22 over the corresponding period of previous year.
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