India’s gross domestic product (GDP) for financial year 2021-22 expanded to 8.7 per cent, highest in 22 years in terms of back series data. The improvement in the economy comes over a GDP contraction of 6.6 per cent during 2020-21 due to the pandemic and resultant lockdown imposed to curb the spread of the deadly coronavirus. Economy had contracted for the first time in 40 years in FY21.