Current Affairs   »   Ministry of statistics and programme implementation

MoSPI projected GDP deflator forecast for FY23 at 3-3.5%

MoSPI projected GDP deflator forecast for FY23 at 3-3.5%_50.1

Ministry of statistics and programme implementation (MoSPI) has projected India’s gross domestic product (GDP) deflator for FY23 at 3 to 3.5%. The Government’s own projection on real GDP growth for FY23 is at 7.6-8.1% and the union budget projected nominal GDP growth rate to be 11.1% for FY23. GDP Projection in the Budget is based on advance estimates of the ‘National Statistical Office’ (NSO).

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Economic Survey 2021-22 projected a real GDP growth rate of 8-8.5 per cent in FY23. RBI projected India’s real GDP growth of 7.8 per cent in FY23 and retail inflation of 4.5 per cent for FY23. The GDP deflator, or implicit price deflator, is a measure of inflation and is the difference between nominal GDP and real GDP.

Find More News on Economy Here

MoSPI projected GDP deflator forecast for FY23 at 3-3.5%_60.1

MoSPI projected GDP deflator forecast for FY23 at 3-3.5%_70.1

Thank You, Your details have been submitted we will get back to you.
Was this page helpful?

Leave a comment

Your email address will not be published. Required fields are marked *