India GDP 2022
India GDP 2022: The growth rate of the country, which has been steadily decreasing for the last 5 years, Kaushik Basu, former chief economist of the World Bank India’s growth rate once again (GDP Growth Rate) Has expressed concern about Basu tweeted that the country’s GDP growth rate has declined continuously for the last five years. He said that it has never happened before since 1947. Basu said that no one can defy the figures.
Basu also gave the country’s GDP growth figures for the last five fiscal years in the tweet. He said that the GDP growth rate was 8.2 percent in FY 2016-17. After this, in 2017-18, it is 7.2 percent, 6.1 percent in 2018-19, It has faded to 4.2 in 2019-20 and -7.3 in 2020-21. He said that the growth rate for every financial year is less than the previous financial year.
GDP of India 2022: Corona epidemic (Covid-19 pandemic) Not only India, Rather it has affected the entire global economy. Epidemic and nationwide lockdown during FY 2020-21 (Nationwide Lockdown) Economic activities due to (Economic activities) Was badly affected. Due to this, the growth rate of the country was recorded at -7.3 percent during this time.
Explain that recently introduced economic survey (Economic survey) India’s growth rate for the current financial year 2021-22 is estimated to be 9.2 percent, Which will be the highest in the world. According to the survey, this will happen due to the return of economic activity to the pre-pandemic level, India’s GDP growth rate for FY 2022-23 is estimated to be between 8 and 8.5 percent.
Basu recently increased inflation in the country (Inflation) Was also warned about Basu said that the overall macroeconomic situation of India is improving, But development is concentrated at the top-level itself, Which is a worrying trend. Regarding increased retail inflation, he said that the country is struggling with inflation, and policy decisions have to be taken with great care to deal with it. Let us know that Basu is currently a professor of economics at Cornell University in the US Huh.
Basu told the news agency PTI in an interview that the overall economy is growing, But half of India’s lower part is still in recession. Basu spoke of poor people here. He said that it is sad that the policy of the country has been largely focused on big businesses in the last few years.
India GDP 2022 can be so in different sectors
GDP of India 2022, growth rate of the agricultural sector is estimated to be 3.9 percent in the current financial year. This is higher than 3.6 percent of FY 2020-21. At the same time, the manufacturing sector is projected to grow by 12.5 percent while it was down by 7.2 percent in the year 2020-21. According to the NSO, the mining sector is expected to grow by 14.3 percent and the service sector related to trade, hotels, transport, communication and broadcasting is 11.9 percent.
Real GDP is estimated at 147.54 lakh crores
According to the NSO, “Real GDP is estimated to be 147.54 lakh crores in FY 2021-22. Whereas in the estimate released in May 2021, the provisional estimate of GDP was Rs 135.13 lakh crore. Real GDP is projected to grow at 9.2 percent during 2021-22, compared to a 7.3 percent drop in 2020-21. Real GVA is estimated to be Rs 135.22 lakh crore with a growth of 8.6 per cent in 2021-22, compared to Rs 124.53 lakh crore in 2020-21.”