Indias FY22 GDP Estimated To Grow By 8.9% After Contracting By 6.6% In Last Fiscal

28 Feb 2022 , 05:40 PM

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation announced its Second Advance Estimates (SAE) of National Income, 2021-22 as well as Quarterly Estimates of GDP for the quarter October-December (Q3), 2021-22 along with the corresponding quarterly estimates of expenditure components of GDP both at Constant (2011-12) and Current Prices. Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2021-22 is estimated to attain a level of Rs 147.72 lakh crore, as against the First Revised Estimate of GDP for the year 2020-21 of Rs 135.58 lakh crore, released on 31.01.2022. The growth in GDP during 2021-22 is estimated at 8.9% as compared to a contraction of 6.6% in 2020-21. Nominal GDP or GDP at Current Prices in the year 2021-22 is estimated to attain a level of Rs 236.44 lakh crore, as against Rs 198.01 lakh crore in 2020-21, showing a growth rate of 19.4 percent. GDP at Constant (2011-12) Prices in Q3 of 2021-22 is estimated at Rs 38.22 lakh crore, as against Rs 36.26 lakh crore in Q3 of 2020-21, showing a growth of 5.4%.

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