Ratings agency ICRA revised its Indian GDP Growth estimate, recently.
According to ICRAs estimate, there was an upward growth of 7.9 % in the second quarter of financial year 2021-22.
An increase in government spending in September resulted to an upgrade of GDP growth estimate in the second quarter.
As per earlier estimate, growth for the July-September period was 7.7%.
GDP of India had surged by over 20% in the first quarter, because of a low base as the first wave of covid-19 pandemic raged.
As per agency, there was a growth of 8.5%, 7.9% and 3% respectively across Industry, Services & Agriculture-notes-for-state-psc-exams”>Agriculture and Forestry & fishing for the same quarter.