Record growth of 30.1% in GDP for the first quarter of 2021

New delhi date. 21

The central government has released GDP figures for the first quarter of the current financial year 2021-2. From April to June 2021, the GDP growth rate has been 30.1 per cent. In the first quarter of last year, the GDP was minus 2.2 per cent following the Corona lockdown.

The RBI had projected GDP growth of 31.8 per cent for the April-June 2021 period. Rapid growth in GDP is a sign that the economy is on track.

According to data released by the Union Ministry of Statistics and Program Implementation, the GDP in the first quarter of FY 2021-2 was Rs 4.5 lakh crore. In the first quarter of the financial year 2020-21, it has been Rs 4.5 lakh crore. That is an increase of 20.1 per cent in the first quarter of this year as compared to the first quarter of last year.

Despite the second deadly wave of the corona virus, the growth in GDP seen in the first quarter of the current financial year is really significant. A second deadly wave of Corona caused partial lockdowns in most parts of the country. However the full lockdown was not implemented as it was last year.

The growth of 20.1 per cent in the first quarter of the current financial year is the highest since the official announcement of GDP figures.

It may be mentioned that in the first quarter of the financial year 2020-21, the GDP was minus 7.5 per cent, in the second quarter it was 4.5 per cent, in the third quarter it was 0.7 per cent and in the fourth quarter it was 1.6 per cent. For the entire year 2020-21, the GDP was minus 7.5 per cent.