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First Quarter FY 2022 GDP: Construction and Manufacturing Big Contributors

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The construction and manufacturing sectors were big contributors to India's GDP numbers for the first quarter, which came in at 20.1%.

 

The construction sector grew by 68.3%, while manufacturing rose by 49.6% for the first quarter, when compared to the corresponding period of last year. However, it maybe noted that the solid numbers are best not compared given that there was a nationwide lockdown in the corresponding period of last year.

It must be noted that with a view to contain the second wave of the Covid-19 pandemic, localized and calibrated lockdowns were imposed during the first quarter of 2021-22. Restrictions were imposed on the economic activities not deemed essential, as also on the movement of people. The lockdown instructions in various States were duly considered by the National Statistical Office. The impact on economic activities and the data collection mechanisms owing to COVID-19 pandemic has an effect on the Quarterly GDP estimates also.

First Quarter FY 2022 GDP: Construction and Manufacturing Big Contributors

Read more about: gdp
Story first published: Tuesday, August 31, 2021, 18:38 [IST]
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