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

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..