National Statistical Office (NSO) has released the second advance estimates of national accounts. The GDP growth rate projection as per NSO for 2021-22 (FY22) and 2020-21 (FY21) is given below:
- For 2021-22 (FY22)= 8.9% (earlier it was 9.2% in first advance estimates)
- For 2020-21 (FY21)= -6.6% (earlier it was -7.3%)
According to NSO data, Gross Value Added (GVA) growth in the manufacturing sector growth remained almost flat at 0.2 per cent in the third quarter of 2021-22, compared to a growth of 8.4 per cent a year ago.