GDP grows at 8.4% in Q2; India maintains status as fastest growing economy

With economic activities returning back to normalcy post the second wave of pandemic, this is the fourth consecutive quarter of positive growth after a two-quarter contraction witnessed last year

The Indian economy remained on track to post the fastest growth among major economies this year as its GDP expanded by a better-than-expected 8.4 per cent in the July-September quarter to cross pre-pandemic levels.

The GDP growth in the second quarter of the current fiscal (2021-22) was slower than the 20.1 per cent expansion in the previous quarter -- which largely reflected a bounce back from last year's crash -- but was better than the contraction of 7.4 per cent in July-September 2020, official data released on Tuesday showed.

With economic activities returning back to normalcy post the second wave