The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2020-21. The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%. Earlier, the GDP had contracted by 7.3%. The contraction is mainly due to the COVID pandemic and the lockdown imposed.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The NSO has also revised downward the real Gross Domestic Product (GDP) growth number for 2019-20 to 3.7 per cent as against the earlier estimate of 4 per cent. Under the 1st revision released in January 2021, real GDP or GDP at constant (2011-12) prices for 2019-20 stood at Rs 145.69 lakh crore with 4 per cent growth.
India is witnessing rapid infrastructure growth through major central government projects spread across different states.…
Government of Haryana has launched the ShramMitra app which is the new platform designed to…
State government of Madhya Pradesh partnered with the Google Cloud India for the Simhastha Kumbh…
The United nations (UN) has slightly reduced the India's GDP growth forecast for 2026 to…
Central government has launched the Mission on 'Arunachal Kiwi: The USP of Arunachal Pradesh' with…
India has launched the multilateral military exercise PRAGATI 2026 at the Umroi Military Station in…