Senior Congress leader P Chidambaram expressed concern over “no sign of promised” recovery after the National Statistical Officer (NSO) provisional estimates put India's GDP growth for the last quarter of the financial year 2021-22 at 4.1%, 0.7 percentage points lower than the February projections. The former Union minister said that the “most striking graph” of the NSO estimates is the quarterly growth rate of the last financial year, which shows a downward trend.
Chidambaram said the quarterly figures show that the growth rate is “weakening every quarter” with “no sign of the promised ‘recovery’.”