New Delhi [India], February 1 (ANI): The Agriculture sector has experienced buoyant growth in the past two years, growing at 3.9 per cent in 2021-22 and 3.6 per cent in 2020-21, the Economic Survey presented in Parliament on Monday said.

Mumbai (Maharashtra) [India], September 6 (ANI): Motilal Oswal Financial Services on Monday projected a real gross value added (GVA) growth of 7 to 8 per cent year-on-year in the second quarter of current fiscal year versus 20.1 per cent growth in 1Q FY22.

New Delhi Aug 31 PTI Indias economic growth surged to 201 per cent in the April-June quarter of this fiscal helped by a low base of the year-ago period despite a devastating second wave of COVID-19 The gross domestic product GDP had contracted by 244 per cent in the corresponding April-June quarter of 2020-21 according to data released by the National Statistical Office NSO on Tuesday The government had imposed a nationwide lockdown at the onset of the COVID-19 pandemic last year This year the massive second wave of the pandemic hit the country in the middle of April which forced states to impose fresh restrictions However the economy has still not returned to the pre-COVID level In value terms the GDP stood at Rs 3238020 crore in April-June 2021-22 lower than Rs 3566708 crore in the corresponding period of the 2019-20 financial year The GDP had shrunk to Rs 2695421 crore in April-June last year during the nationwide lockdown GDP at Constant 2011-12 Prices in Q1 of 2021-22 is estimated at Rs 3238 lakh crore as against Rs 2695 lakh crore in Q1 of 2020-21 showing a growth of 201 percent as compared to contraction of 244 percent in Q1 2020-21 the NSO said in a statement With a view to containing the second wave of the pandemic localised and calibrated lockdowns were imposed during the first quarter of 2021-22 it added Restrictions were imposed on the economic activities not deemed essential as also on the movement of people The lockdown instructions in various States were duly considered by the National Statistical Office The impact on economic activities and the data collection mechanisms owing to COVID-19 pandemic has an effect on the Quarterly GDP estimates also The impact of these measures on overall economic activity are embedded in source data it stated According to the NSO data gross value added GVA growth in the manufacturing sector accelerated to 496 per cent in the first quarter of 2021-22 compared to a contraction 36 per cent a year ago Farm sector GVA growth was up at 45 per cent compared to 35 per cent earlier Construction sector GVA grew by 683 per cent compared to 495 per cent contraction earlier Mining sector grew by 186 per cent as against a contraction of 172 per cent a year ago Electricity gas water supply and other utility services segment grew by 143 per cent in the first quarter of this fiscal against 99 per cent contraction a year ago Similarly trade hotel transport communication and services related to broadcasting grew by 343 per cent compared to 481 per cent contraction earlier Financial real estate and professional services grew by 37 per cent in Q1 FY22 compared to a contraction of 5 per cent Public administration defence and other services grew at 58 per cent during the quarter under review compared to - 102 per cent a year earlier Meanwhile China has posted a growth of 79 per cent in the April-June period of 2021 PTI KKS KKS ABM ABM