Nominal GDP Current Affairs, GK & News
On February 10, 2022, Finance Minister Nirmala Sitharaman highlighted that, for 2022-23, Centre’s gross domestic product (GDP) deflator projection is 3 to 3.5 per cent. Key Facts Government’s own real GDP growth projection for fiscal year 2022-23 is in the range of 7.6-8.1 per cent, while Union Budget assumes a nominal GDP growth rate of 11.1 per cent for fiscal year ..
Category: Economy & Banking Current Affairs - 2022
The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%. Earlier, the GDP had contracted by 7.3%. The contraction is mainly due to COVID pandemic and the lockdown imposed. What do the estimates say? The real GDP for 2020-21 is ..
Category: Reports & Indexes Current Affairs
Topics: Advanced estimates • Agriculture • Economic growth • Fiscal Year • Fishing • Forestry • GDP • gross asset value (GVA) • GVA • manufacturing sector • Mining • mining and quarrying sector • National Statistical Office (NSO) • Nominal GDP • NSO • oil and natural gas • Primary Sector • Real GDP • Secondary Sector • Water supply
According to the data of Ministry of Statistics & Programme Implementation, economic growth of India accelerated to a record high in the quarter through June 2021. Highlights It reflects a very weak base in 2020, rebound in consumer spending, and improved manufacturing amidst the second wave of Covid cases. As per data, the Gross domestic ..