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Indian GDP Grows by 8.7% in 2021-22

Tags: Economy/Finance

The National Statistical Office under the Union Ministry of Finance has released the provisional estimate of the growth rate of the Indian economy during the financial year 2021-22 on 31 May 2022.

·The Indian economy has grown by 8.7 percent in the 2021-22 fiscal year against a 6.6 percent contraction in the previous fiscal.

  • In 2021-22 the Gross Value added (GVA) growth rate has been 8.1 percent.
  • India's economic growth further slowed during the fourth quarter, hit by Omicron-led restrictions in January, global supply shortages and higher input costs.

GDP growth rate at constant price (2011-12 base year) 

Sector of Economy

Growth rate of GDP in  2021-22

Growth rate of GDP in  2020-21







Service sector 






Gross value Addition (GVA) 



GVA=GDP + subsidies on products – taxes on products.

Quarterly growth of GDP at constant price (2011-12 base year



April-June Q1






January- March ,Q4


Other Important data (all data are at constant Price with base year of 2021-12)



Per Capita Income growth rate on Net National Income 

7.5 %( Rs91,481)

-9.7(Rs 85,110)

Contribution of Export to GDP



Contribution of Import to the GDP



Fiscal Deficit as a % of GDP

6.71 %(₹ 15,86,537 crore)

Revenue Deficit as a % of GDP

4.37 %

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