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NSO Projects India’s GDP to contract 7.7% in FY21

Sumit Arora Last updated on January 8th, 2021 10:51 am Leave a comment

The GDP of India is expected to contract by 7.7 per cent in the current fiscal year 2020-21, as per the first advanced estimates released by the National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation (MOSPI) on January 07, 2021. The first advance estimates of GDP of a financial year are released before the Union Budget. This data helps in the budget-making process.

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Minister of State IC of the Ministry of Statistics and Programme Implementation: Rao Inderjit Singh.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.