According to data from the Government of India, the economic growth rate in 2010 was 9.2%.

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India’s economy is on track to regain its position as the world’s fastest growing major economy after a recent official estimate shows a 9.2% increase in gross domestic product (GDP) this year. is. The Reserve Bank of India (RBI) forecasts a 9.5% increase last month. Risks arise from a third wave led by Omicron, which can hinder the resurgence of growth across the sector.

Initial preliminary estimates by the National Bureau of Statistics (NSO) show that the economy actually exceeds pre-COVID levels, primarily due to improved performance in agriculture, mining and manufacturing.

“Real GDP in 2021-22 or GDP at a fixed price (2011-12) is 147.54 Rakchlore, compared to 135.13 Rakchlore, the provisional estimate of GDP for 2020-21 announced on May 31. It is estimated, 2021 “, the NSO said in a statement.

India’s economy is on track to regain its position as the world’s fastest-growing major economy after a 9.2% increase in gross domestic product this year, according to recent official estimates. is. The Reserve Bank of India forecasts a 9.5% increase last month. Risks arise from a third wave led by Omicron, which can hinder the resurgence of growth across the sector.

While the forecast is below the 9.5% forecast by the International Monetary Fund (IMF) and S & P, Moody’s Investors Service has set India’s growth forecast at 9.3% in recent weeks. Fitch Ratings forecasts an increase of 8.7%.

The World Bank is the most conservative and forecasts a growth rate of 8.3%, which the OECD says is 9.7%.

An economic survey by the Ministry of Finance in February last year predicted a growth rate of 11% from 2021 to 2010.

According to the NSO statement, the real total value added at the base price is estimated to be 135.22 lacquerlo in 2021-22, compared to 124.53 lacquer in 2020-21, showing an increase of 8.6%.

This year’s manufacturing industry is expected to grow 12.5%, compared to a 7.2% reduction a year ago.

The agricultural sector is expected to grow by 3.9% from 2021 to 2010, exceeding the 3.6% growth recorded in the previous year.

Fiber2Fashion News Desk (DS)

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According to data from the Government of India, the economic growth rate in 2010 was 9.2%.

Source link According to data from the Government of India, the economic growth rate in 2010 was 9.2%.

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