India's GDP = Gross Domestic Product growth rate from April to June this year was +13.5% compared to the same period of the previous year, marking the seventh consecutive quarter of positive growth, driving the manufacturing and construction industries. The recovery trend continues in the center.
The Indian government announced on the 31st that GDP growth in the April-June quarter was up 13.5% compared to the same period last year.
The recovery trend continues in fields such as the manufacturing industry, the construction industry, and the service industry, including the tourism industry, which had fallen sharply due to the spread of the new coronavirus infection.
It was the seventh consecutive quarter of positive growth, and quarterly GDP recovered to roughly the same level as it was during the same period in 2019 before the spread of COVID-19.
On the other hand, energy and food prices are rising due to the impact of Russia's invasion of Ukraine, etc., and the consumer price increase rate in July was 6.71%, exceeding the central bank's target upper limit of 6%. continues.
In addition, as the United States accelerates interest rate hikes, the local currency, the rupee, hits its lowest price against the dollar in mid-July, and currency depreciation continues, raising concerns about the impact on the economy.