India's economy grows 8.7 pct in 2021-22

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India's economy grows 8.7 pct in 2021-22

STORY: India's economy grows 8.7 pct in 2021-22 DATELINE: June 1, 2022 LENGTH: 00:01:22 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 1. various of markets 2. various of COVID-19 testing 3. various of public transport area STORYLINE: India's economy recorded a growth of 8.7 percent in 2021-22 as the gross domestic product (GDP) in the fourth quarter grew by 4.1 percent, official data showed Tuesday. "The growth in GDP during 2021-22 is estimated at 8.7 percent as compared to a contraction of 6.6 percent in 2020-21," a statement issued by India's federal ministry of statistics and program implementation said. Thus the GDP growth for 2021-22 takes the economy above its pre-pandemic level and is an improvement after contracting 6.6 percent in 2020-21. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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