NSO projects Indian economy to grow 9.2% in FY22

National Statistical Office (NSO) has estimated India’s GDP to grow at 9.2 per cent in the current fiscal, 2021-22. NSO released its first advance estimates of economic output on January 07, 2022. The GDP estimate for the 2020-21 fiscal was projected at a contraction of 7.3 per cent by NSO.

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Key points:

• In terms of figures, real GDP in 2021-22 is estimated at Rs. 147.54 lakh crore against the provisional estimate of GDP for the year 2020-21 at Rs 135.13 lakh crore.
• Nominal GDP for 2021-22 is estimated at Rs. 232.15 lakh crore, as against the Provisional
• Estimate of GDP for the year 2020-21 at Rs 197.46 lakh crore.
• The fiscal deficit target likely to be achieved is 6.8%.

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