India’s real GDP may grow 7% during 2022-23: First Advance Estimates of National Income, 2022-23

January 6, 2023 B M 0 Comments

New Delhi, January 06

India’s growth in real Gross Domestic Product (GDP) during 2022-23 is estimated at 7 percent compared to 8.7 percent in 2021-22.

Real GDP or GDP at Constant (2011-12) prices in the year 2022-23 is estimated at 157.60 lakh crore rupees as against the Provisional Estimate of GDP for the year 2021-22 of 147.36 lakh crore rupees, released on 31st May last year.

According to First Advance Estimates of National Income, 2022-23 released by National Statistical Office, Ministry of Statistics and Programme Implementation, the growth in nominal GDP during 2022-23 is estimated at 15.4 percent as compared to 19.5 percent in 2021-22.