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India’s GDP to grow 9.2% in the ongoing fiscal year

Date: 10 January 2022 Tags: Reports & Indices
  • 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.