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

NSO Projects India's GDP to contract 7.7% in FY21_50.1

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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