GDP grows 4.1% in Q4 amid Ukraine war dent

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Wednesday 01 June 2022

Good morning!

The Indian economy grew at 8.7% in 2021-22 with 4.1% growth in the fourth quarter of the financial year, which is better than private forecasts, according to provisional data released by the National Statistical Office (NSO). A Bloomberg forecast of economists had projected only 3.8% GDP growth in the fourth quarter ended March 31, 2022.

HT brings you a round-up of the most important and interesting stories, so you don't miss your daily dose of news.

     

THE BIG STORY

GDP grows 4.1% in Q4 amid Ukraine war dent

The Indian economy is expected to have grown at 8.7% in the 2021-22 fiscal year, as per provisional estimates released by the National Statistical Office (NSO) on May 31, the fastest annual growth rate by a major economy. Read more.

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THE DAILY QUIZ QUESTION

RCB's Rajat Patidar just smashed the fastest century this IPL season, off just 49 balls. But the all-time record was set in 2013, when this RCB player scored 175 runs off 66 balls. He's the storm, the force, the Universe Boss. Who?

FROM THE EDIT PAGE

Key takeaways from GDP data

The economy slowed in the last quarter of 2021-22 under the impact of the Omicron-driven third wave of the Covid-19 pandemic, as it was expected to, but still beat analyst expectations. In numerical terms, GDP grew 4.1% in the quarter on an annual basis, slower than the 5.4% it grew at in the previous quarter. The 4.1% was also the slowest rate of expansion in four quarters. Read more.

NUMBER THEORY

A growing, nationwide problem of booster lag

It has been nearly two months since the government allowed all adults to take a booster jab of a Covid-19 vaccine and people are not exactly queuing up in large numbers for their third shot. The third dose is important because immunity from the two doses wanes after a while.

A district-level analysis shows this problem is widespread and worsening over time. Solving this problem might require efforts in more than one direction. Read more.

FROM THE FIELD

AES threat looming, Bihar's medical infra scrambles to keep up

It is 11 am, and 54-year-old Dr Gopal Shankar Sahni is anxious, his brow furrowed with worry, as he steps out of one of the paediatric intensive care units of the Bihar government-run Sri Krishna Medical College and Hospital in Muzaffarpur. Inside the 100-bed PICU, there are 70 children, two of whom are in a battle for their lives with an old, deadly enemy, one that Muzaffarpur and other districts in Bihar have become all too familiar with. Read more.

Infographic of the Day

Study highlights habitat threat to vultures

(Click to expand)

Photo of the Day

Messages in a flyover

HT THIS DAY: June 01, 1962

Proposal to buy Russian MIGs

Disclaiming any ideological bias, Defence Minister Krishna Menon admitted in the Lok Sabha today that his Ministry had made certain recommendations in regard to the purchase of Russian MIGs. Read more.

Quiz answer

Chris Gayle

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Written and edited by Shahana Yasmin. Produced by Samiksha Khanna. Send your feedback to shahana.yasmin@hindustantimes.com or samiksha.khanna@partner.htdigital.in

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