Page 2 - First Revised Estimate News Today

Indias economy is estimated to clock a real GDP growth of 8.9 per cent in FY22 down from the earlier estimate of 9.2 per cent, official data showed on Monday.

Commodity cost pressure, as well as high base effect, subdued Indias Q3FY22 GDP growth rate on a sequential basis, thereby, lowering the 2021-22 growth forecast to 8.9 per cent.

As India reported a 7.3 per cent contraction in its GDP for FY21, Chief Economic Adviser (CEA) K.V. Subramanian has said that the overall impact of the second wave of Covid-19 is unlikely to be significant, although there is uncertainty over ...

Covid-19-induced volatility heavily dented Indias economy last fiscal as its growth rate plunged (-) 7.3 per cent from a rise of 4 per cent in 2019-20.On a sequential basis, however, Indias economy grew during the fourth quarter, which ended ...

Read more about Indias GDP grows 1.6% in fourth quarter, contracts 7.3% in FY21 on Business Standard. This is the first full-year contraction in the Indian economy in the last four decades since 1979-80, when GDP had shrunk by 5.2 per cent

First full-year contraction in the last four decades since 1979-80

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, has released the Provisional Estimates of National Income for the financial year 2020-21, both at Constant (2011-12) and Current Prices. Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2020-21 is now estimated to attain a level of Rs 135.13 lakh crore, as against the First Revised Estimate of GDP for the year 2019-20 of Rs 145.69 lakh crore, released on 29th January 2021...

Indias 2020-21 GDP shrinks by record 7.3 per cent; Jan-March quarter sees 1.6 per cent growth In 2020-21, the Indian economy contracted by 7.3 per cent against 4 per cent expansion in 2019-20, showing the economic impact of the COVID-19 pandemic. Share Via Email   |  A+A A- By PTI NEW DELHI: Indias economy contracted by less-than-expected 7.3 per cent in the fiscal year ended March 2021 after growth rate picked up in the fourth quarter, just before the worlds worst outbreak of coronav...

GDP for Q4 FY'21, however, grew at 1.6%, according to new data released by the NSO on Monday evening.

The 7.3 per cent contraction is the worst-ever economic performance that India has witnessed in over four decades