India’s GDP increases 20.1% in Q1 FY22 compared to FY21

01 Sep 2021 CW Team

According to data, India's economic growth has expanded at a faster pace in the June quarter with the help of a low base of the earlier recorded contractions and a strong bounce in manufacturing and construction.

India's Gross Domestic Product (GDP) increased by 20.1% in the first quarter (Q1) of the fiscal year (FY) 2022, helping from the 24.4% decline in the same quarter last year.

Without adjusting for inflation, in nominal terms, the economy rose by 31.7% in this period. Economists have estimated Q1 GDP growth at an average of 19.5% in a range between 14.2% to 23.3%.

Construction grew by 68.3%, and manufacturing was up by 49.6%, but due to the second wave of the Covid-19 pandemic, the industries witnessed a reduction in private consumption.

According to the economists, the base impact due to the second wave of the pandemic and the cost of Covid-19 needed more fiscal and monetary support from India's economy.

Aditi Nayar, the chief economist of Investment Information and Credit Rating Agency of India Ltd (ICRA), told the media that the year-on-year (YoY) expansion in Q1 is analytically wrong, with a sequential drop of 16.9% in Q4 FY21 and a shortfall of 9.2% during the pre-Covid time in Q1 FY20.

The full-year growth estimate remains unchanged at 9%.

Image Source

Also read: India’s potential to contribute $500 bn to global economy by 2030

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..