India’s GDP growth slows to 5.4 per cent in Q3 | Economy News

NEW DELHI: India’s economic growth slowed to 5.4 per cent in the third quarter of the current fiscal year from 8.5 per cent in the previous quarter, according to official data released on Monday.

This is the slowest expansion in India’s Gross Domestic Product (GDP) this year. GDP increased by 20.3 per cent in April-June quarter and 8.5 per cent in July-September during the current fiscal year.

India’s Gross Domestic Product (GDP) in Constant (2011-12) Estimates in Q3 of 2021-22 are estimated at Rs 38.22 lakh crore, as opposed to Rs 36.26 lakh crore in Q3 of 2020-21, indicating growth of 5.4 per. percent, according to data released by the National Bureau of Statistics (NSO), the Bureau of Statistics and Program Implementation.

GDP share or GDP in Current estimates in 2021-22 is estimated to reach the level of Rs 236.44 lakh crore, as opposed to Rs 198.01 lakh crore in 2020-21, representing a growth rate of 19.4 per cent.

Real GDP or Gross Domestic Product (GDP) at Regular (2011-12) Estimates in 2021-22 are projected to reach the level of Rs 147.72 lakh crore, contrary to the Preliminary Estimated GDP for 2020-21 of Rs 135.58 lakh crore, released on 31.01.2022.

Growth in GDP during 2021-22 is estimated at 8.9 per cent as compared to a contraction of 6.6 per cent in 2020-21.

The National Revenue Improvement Estimates are summarized using the benchmark method ie the estimates for the previous year referred to as the dream year (2020-21 in this case) are added using the an appropriate indication of the function of the sections.

Preliminary Impact Strategies (FAE) for 2021-22, based on very limited data and using the Basic Strategies 2020-21 (released on 31.05.2021) for the landscape year, is already established at 07.01.2022, NSO said.

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