India’s nominal GDP to grow by 19%: Ministry of Finance

Published on September 22, 2020
Current Context: Ministry of Finance, GOI estimated that India’s nominal Gross Domestic Product (GDP) will grow by 19% for the financial year 2021-2022 on a low base.
India’s nominal GDP to grow by 19%: Ministry of Finance
  • This estimation was informed by the Chief Economic Advisor to Finance Ministry, Krishnamurthy Subramanian.
  • The Nominal GDP means it takes into consideration a country’s GDP using current prices without adjusting for inflation. 
  • Static Part: 
    • Union Minister for Finance: Nirmala Sitharaman

Question: 

Q.1 Ministry of Finance, GOI estimated India’s nominal Gross GDP will grow by ___% for the financial year 2021-2022 on a low base? 
a.  22%
b.12.5%
c. 15%
d. 19% 
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