India GDP progress LIVE: India’s financial system continued to speed up within the January-March quarter, rising 1.6% within the three-month interval. For the complete monetary yr 2020-21, India’s financial system contracted 7.3%. The This autumn GDP figures had been forward of the median projections made by economists polled by Reuters, who had pinned a 1% progress estimate. India has now reported two consecutive quarters of GDP enlargement, after having witnessed two consecutive quarters of contraction earlier within the monetary yr. The continued GDP progress signifies that India’s financial system was treading on the highway to restoration earlier than the second wave of the covid-19 hit. “GDP at Fixed (2011-12) Costs in This autumn of 2020-21 is estimated at Rs 38.96 lakh crore, as towards Rs 38.33 lakh crore in This autumn of 2019-20, exhibiting a progress of 1.6%,” the official launch mentioned.