India's GDP grows 1.6% in March quarter, but contracts 7.3% for FY21
During the March quarter, GVA grew 3.7% as against 1% in the December quarter
The improvement in this quarter is due to calibrated and steady opening of economy amid Covid pandemic, adds govt
India's gross domestic product (GDP) expanded 1.6% in the March quarter of FY21, but contracted 7.3% in the full financial year, according to the data released by the government's statistics office on Monday. The improvement in this quarter is due to calibrated and steady opening of the economy, the government stated.