You are here: Home » Opinion » Editorial » Editorials
Best of BS Opinion: Risks in crypto-assets, challenge for Akasa and more
Supporting farmers
Business Standard

Two years lost

Private consumption continues to remain weak

Topics
Indian Economy | Gross domestic product | Business Standard Editorial Comment

Business Standard Editorial Comment  |  Mumbai 



The National Statistics Office has released its estimates of (GDP) for the second quarter this fiscal year, 2021-22. The quarter, which covers the months between July and September 2021, saw GDP at constant prices rise 8.4 per cent as compared to the equivalent period in 2020. However, comparison with the year-ago quarter may not be completely appropriate, since that was when the economy was going through the painful unlocking process after the extensive national lockdown introduced to respond to the onset of the Covid-19 pandemic. When compared to the July-September quarter two years ago, the figures for the current fiscal year show a growth rate of only 0.3 per cent or so. This barely perceptible growth shows the extensive scarring caused by the pandemic.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, November 30 2021. 23:15 IST

RECOMMENDED FOR YOU

.