Third Revised Estimates News Today

India Q3 GDP Live Updates: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, will today release the official gross domestic product (GDP) data for Q3FY24 today.NSO will also release the First Revised Estimates for 2022-23 (benchmark year). Besides, the Second Advance Estimates of National Income for the year 2023-24 and quarterly GDP estimates for the quarter October-December, 2023 (Q3 2023-24), along with First, Second and Third Revised Estimates of Nat...

Exclusive for Subscribers from Monday to Friday: Why Maldives and India controversy, Jan Vishwas 1.0 and Jan Vishwas 2.0 are relevant to the UPSC Exam? What significance do topics like Gross domestic product, Supreme Court Legal Services Committee and AI help in early cancer detection have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for January 8, 2024.

The First Advance Estimates released on Friday are the last GDP data released before the Union Budget is presented. They also provide the first complete picture of economic growth in the 10 years of the government led by Prime Minister Narendra Modi.

At 7.2% growth, the GDP data surpassed everyone since most estimates, including RBI’s, were closer to 7%. But the most inconvenient part of the GDP data is the weakness in the growth rate of Private Final Consumption Expenditure.

According to a press release by Ministry of Statistics & Programme Implementation, Government of India, on the First Advance Estimates of National Income, 2022-23, growth in real GDP during 2022-23 is estimated at 7.0 per cent as compared to 8.7 per cent in 2021-22. The press note states the following points: 1.    Real GDP…