Govt projects GDP growth estimates at 9.2% for FY22
What’s in the news?
- India’s Gross Domestic Product (GDP) is estimated to rise 9.2 per cent in the current fiscal as compared to a contraction of 7.3 per cent in the financial year 2020-21.
- This was stated by the Statistics and Programme Implementation Ministry in its First Advance Estimates of National Income for the financial year 2021-22.
- It has also been stated that real GDP or GDP at Constant Prices in the current fiscal year is estimated at 147.54 lakh crore rupees as against the Provisional Estimate of GDP for the year 2020-21 of 135.13 lakh crore rupees.
- Second Advance Estimates of National Income for the year 2021-22 and quarterly GDP estimate for the quarter October-December, 2021 will be released next month.
Reference:
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