GDP grew 8.4% in Q2, but recovery appears patchy

India’s gross domestic product (GDP) grew by 8.4% in the July to September quarter, compared to a 7.4% contraction a year ago, with the economy’s gross value added(GVA) rising 8.5%, the National Statistical Office said on Tuesday.
Factoring in the first quarter GDP growth of 20.1%, the first half of this year has recorded 13.7% growth and India is likely to record double digit growth for 2021-22 as a whole, the Finance Ministry’s Chief Economic Adviser (CEA) Krishnamurthy Subramanian said, seeking to emphasise that the recovery process is continuing to play out.