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Below is Perspective on GDP for the 1^st Quarter (April to June) 2021-2022 by Mr. Ram Raheja - Director, S Raheja Realty

“‘With double-digit growth in Q1FY22, the strong recovery can surely be deemed as nothing less than outstanding despite a low base. This GDP reading clearly testifies the resilience of the Indian Economy vs its global counterparts and reinforces the strong fundamentals of the country. The Indian economy has seen a sharp rebound from the onslaught of the Covid-19 pandemic, supported by high government spending, reform measures, monetary policy support, progressive unlocking along with the mega vaccination drive. Based on the estimates, there has been an improvement in the construction sector growth YoY given the economic activities were at a standstill last year. With various reforms and RBI’s resolve to support the financial markets and economy, the Indian economy is well poised to ride the long term structural growth path."

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