Q. As per the second advanced estimates of GDP released by the MoSPI, what is the GDP of the financial year 2020-21?
Answer:
- 8 per cent
Notes: As per the second advanced estimates of GDP released by the Ministry of Statistics and Programme Implementation (MoSPI), the GDP for the financial year 2020-21 is recorded as -8 per cent.
NSO, MoSPI also released the quarterly estimates. After two consecutive quarters of contraction, India’s GDP for the October-December quarter (Q3) grew by 0.4 per cent. With this the country is said to have exited recession.