India has, for the first quarter (April-Jun) of this fiscal year, shown a high Gross Domestic Product (GDP) growth at 13.5% year-on-year, while the entire world is struggling with economic crisis. China could barely manage 0.4% of GDP growth, while United States has only shrunken by 1.6% during the same period. The outperformance by world's fastest growing economy could have been fueled by the reopening of service sector, high private consumption (around 26%) and fixed asset investments. While the growth was also aided by the low base of last year. Year 2021 was extremely horrible as second Covid wave and lockdowns had pushed the world into the dark abyss of numerous economic and other unavoidable challenges. "Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in Q1 2022-23 is estimated to attain a level of ₹ 36.85 lakh crore, as against ₹ 32.46 lakh crore in Q1 2021-22, showing a growth of 13.5 percent as compared to 20.1 percent in Q1 2021-22." (The...