New Delhi, Feb 28: Indian economy grew by 5.4 per cent in the October-December quarter of 2021-22, official data released on Monday showed.

The gross domestic product (GDP) had expanded by 0.7 per cent in the corresponding period of 2020-21, according to the data released by the National Statistical Office (NSO).

In its second advance estimates of national accounts, the NSO has projected 8.9 per cent growth in 2021-22. India Will Be Fastest Growing Economy Next Fiscal, Says Amit Shah.

In its first advance estimates released in January, it had projected 9.2 per cent growth for 2021-22 as against a contraction of 6.6 per cent in 2020-21.

The economy had grown by 20.3 per cent in the first quarter of this fiscal due to lower base effect. In the second quarter, the GDP grew by 8.5 per cent.

China's economy grew by 4 per cent in October-December 2021.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)