India's economy has bounced back from a contraction during the height of the coronavirus pandemic. The country's gross domestic product grew in the fiscal year through March, but there are also signs of trouble ahead.

The government said on Tuesday that the economy expanded 8.7 percent in fiscal 2021. That compares to a 6.6 percent contraction the year before.

But the rate of growth cooled in the fourth quarter. GDP increased 4.1 percent year-on-year in the three-month period through March this year, down from 5.4 percent in the previous quarter.

The spread of the Omicron variant and surging inflation weighed on the economy.
Food prices are rising in India after a heat wave hit the production of wheat, one of the country's main farm products.

There is also growing concern about the impact of global supply-chain disruptions caused by Russia's invasion of Ukraine.