New Students Offer - Use Code HELLO

Register Now

India’s GDP growth Expands 8.7% in FY22

Published on June 01, 2022
Current Context: During the period of January-March period of 2021-22, India’s economy grew 4.1% even though the rate of growth slowed with the Omicron wave-induced restrictions, but still it leads to creating a space for growth expansion of 8.7% in FY22.
India’s GDP growth Expands 8.7% in FY22
  • According to the National Statistics Office clipped down the overall growth estimate for FY22 to 8.7% from 8.8% in February.
  • As per the report, growth in private final consumption expenditure decreased to 1.8%, and government spending increases to 4.8%. Gross fixed capital formation slowed to 5.1%.
  • Besides manufacturing sector contracted 0.2% in the March quarter due to supply chain disruptions, Whereas agriculture growth of 4.1% remained healthy despite the decline in wheat output due to the ongoing heatwave.
  • In addition to that Gross value added (GVA) at basic prices grew at 3.9% in the fourth quarter and 8.1% in FY22.
  • Nominal GDP is estimated to grow 19.5% in FY22 to Rs 236.4 trillion.

Question:

Q.1 According to National Statistics Office, the overall growth estimate for FY22 is ______?
a. 8.8%
b. 8.7%
c. 7.5%
d. 6.2%

Can I help you?

ramandeep singh

Hey I am Ramandeep Singh. I am determined to help students preparing for RBI, SEBI, NABARD and IBPS exams. Do you want me to help you ?

Join my class here
    Follow me:
Close Menu
Close Menu