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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