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Al Jazeera
Al Jazeera
Business

India GDP halves in September quarter as COVID distortions fade

Aided by pent-up demand, private consumption grew, boosting the economy [File: Money Sharma/AFP]

India has posted annual economic growth of 6.3 percent in its July-September quarter, less than half the 13.5 percent growth in the previous three months as distortions caused by COVID-19 lockdowns faded in Asia’s third-largest economy.

Gross domestic product (GDP) growth for the full fiscal year, which ends on March 31, is likely to be 6.8-7 percent, the government’s chief economic adviser V Anantha Nageswaran said after the release.

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