Real GDP growth estimated at 8.7% for FY22 vs 6.6% contraction in last fiscal

Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) prices for the Financial Year 2021-22 (April-March) is estimated at 8.7 per cent as compared to a contraction of 6.6 per cent in 2020-21, according to the data released by Ministry of Statistics & Programme Implementation on Tuesday. Real GDP in the year is estimated to attain a level of Rs 147.36 lakh crore, as against the First Revised Estimate of Rs 135.58 lakh crore for the year 2020-21.

See Zee Business Live TV Streaming Below:

Nominal GDP or GDP at current prices in the year 2021-22 is estimated to attain a level of Rs 236.65 lakh crore as against Rs 198.01 lakh crore in 2020-21, showing a growth rate of 19.5 percent, the government release said.

GDP at Constant (2011-12) Prices in Q4 2021-22 is estimated at Rs 40.78 lakh crore, as against Rs 39.18 lakh crore in Q4 2020-21, showing a growth of 4.1 percent.

The Second Advance Estimates (SAE) of National Income for the year 2021-22 were released on 28th February, 2022. These estimates have now been revised incorporating latest information on relevant indicators in the financial year.
 

The next release of quarterly GDP estimates for the quarter April-June 2022 (Q1 2022-23) will be on 31 August 2022.