- India’s gross domestic product (GDP) is projected to grow 9.2 per cent in the current financial year or 2021-22, according to the first advance estimates released by the National Statistical Office (NSO).
- The NSO estimate for the current financial year is a tad lower than the RBI’s GDP projection in its December 2021 policy review. The central bank had projected the economy to grow 9.5 per cent.
- The nominal gross domestic product (GDP) is forecast to rise 17.6% in the year against the budget estimate of 14.4% for the current year, underscoring high inflation.
