India’s GDP estimated to grow at 9.2% in FY22, after contracting 7.3% in FY21, says govt

NEW DELHI: The first advance estimate of gross domestic product (GDP) for the financial year 2021-22 (FY22) came at 9.2 per cent, data released by the government showed on Friday.
“The growth in real GDP during 2021-22 is estimated at 9.2 per cent as compared to the contraction of 7.3 per cent in 2020-21,” ministry of statistics and planning implementation (MOSPI) said in an official release.

This means GDP in actual terms in 2021-22 will surpass the pre-Covid level of Rs 145.69 lakh crore in 2019-20.
Real gross value added (GVA) at basic prices is estimated at Rs 135.22 lakh crore in 2021-22, as against Rs 124.53 lakh crore in 2020-21, showing a growth of 8.6 per cent.
Nominal GDP or GDP at current prices in the year 2021-22 is estimated at Rs 232.15 lakh crore, as against the provisional estimate of GDP for the year 2020-21 of Rs 197.46 lakh crore.
The growth in nominal GDP…

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