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India's GDP grows at 13.5 percent in April-June period: gov't data
Published: Sep 01, 2022 11:07 AM
People shop at a market in New Delhi, India, April 13, 2022.(Photo: Xinhua)

People shop at a market in New Delhi, India, April 13, 2022.(Photo: Xinhua)


 
People shop at a market in New Delhi, India, April 13, 2022.(Photo: Xinhua)

People shop at a market in New Delhi, India, April 13, 2022.(Photo: Xinhua)


India's gross domestic product (GDP) grew by 13.5 percent during the April-June quarter, showed the official data released by the country's National Statistical Office on Wednesday.

April to June is the first quarter of India's financial year, which begins in April and ends in March of the following year.

The country's central bank, the Reserve Bank of India, had forecast the growth rate to be around 16.2 percent during the quarter.

While the agriculture sector grew at 4.5 percent versus 2.2 percent in the same quarter a year ago, the manufacturing sector witnessed a growth rate of 4.8 percent as compared to 4.9 percent in the same quarter last year.

According to the data, the real GDP in the April-June period is estimated to attain a level of 36.85 trillion Indian rupees (around 463 billion U.S. dollars), compared to 32.46 trillion Indian rupees (around 408 billion dollars) in the same quarter of the last financial year, said the data.

In the April-June quarter of 2021, the country's GDP growth rate stood at 20.1 percent.