Current gdp of india 2022

India: GDP Reference Last Previous Units Frequency 2023 Q1 872,458 627,294 10 Mil. INR, NSA Quarterly 2023 Q1 1,611,353 1,348,915 10 Mil. FY 2012 INR, NSA Quarterly 2023 Q1 7,181,738 6,950,120 10 Mil. INR, NSA Quarterly 2023 Q1 4,193,489 4,393,580 10 Mil. INR, NSA Quarterly 2023 Q1 485,284 348,328 10 Mil. FY 2012 INR, NSA Quarterly 2023 Q1 4,361,514 4,022,625 10 Mil. FY 2012 INR, NSA Quarterly 2023 Q1 2,399,514 2,478,699 10 Mil. FY 2012 INR, NSA Quarterly 2017 44,527,145,369,249 40,478,659,197,023 NCU Annual Release Information Active: • National accounts framework: UN SNA 2008 • Industry classification: NIC 2008 • Measurements: • Ten million Indian rupees at constant fiscal year-2012 prices (10 Mil. FY 2012 INR) • At current prices (10 Mil. INR) • Adjustment: Not seasonally adjusted (NSA) • Native frequencies: • Quarterly • Annual(March) • Start dates: • 2011Q2 • 1951 Predecessors: • At FY 2005 prices, NIC 1998 - 1951 to 2014 • At FY 2000 prices - 1996 to 2009 Valuation is by market prices, not factor cost. India's fiscal year runs from April 1, YYYY to March 31, YYYY+1. For example, fiscal year 2020-2021 runs from April 1, 2020 to March 31, 2021. Moody's Analytics supplements As of October 2019, we extend the history of the as-reported NSA series to 1996. We compute counterparts that are seasonally adjusted at an annualized rate (SAAR). The quartertly estimates are brought out with a timeliness of two months after the completion of a quarter. First and second quarter es...

India’s gross domestic product (GDP) growth is projected to slip to 7 per cent in the current fiscal ending March 2023 owing to weak demand, according to the first official estimate released by the Statistics Ministry on Friday. India had recorded a 8.7 per cent GDP growth in 2021-22. If the forecast by the National Statistical Office (NSO) holds true, India’s GDP growth will be lower than Saudi Arabia’s expected 7.6 per cent expansion. Although the projections are much lower than government’s earlier forecast of 8-8.5 per cent growth, they are above the Reserve Bank’s projection of 6.8 per cent. The NSO predicted the output of the manufacturing sector to decelerate to 1.6 per cent as against a growth of 9.9 per cent in FY22. Similarly, mining sector growth is estimated at 2.4 per cent in the current fiscal as against 11.5 per cent in 2021-22. Explained | The NSO said, “Real GDP or GDP at Constant (2011-12) Prices in the year 2022-23 is estimated at Rs 157.60 lakh crore, as against the Provisional Estimate of GDP for the year 2021-22 of Rs 147.36 lakh crore, released on 31st May, 2022.” The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 8.7 per cent in 2021-22, it stated. Also Read | “Nominal GDP or GDP at Current Prices in the year 2022-23 is estimated at ₹273.08 lakh crore, as against the Provisional Estimate of GDP for the year 2021-22 of ₹236.65 lakh crore, released on 31 st May, 2022. The growth in nominal GDP during 2022-23 is estimated a...

In the vast landscape of global economies, India stands out with its meteoric rise and unwavering determination to reach new heights. With its rich cultural heritage and a population of over 1.4 billion people, India has emerged as an economic powerhouse, consistently showcasing its prowess on the global stage. 2023 has proven to be a turning point as India's GDP surges, solidifying its position as a frontrunner in the global economic race. In this article, we unravel the intricacies of India's GDP growth in 2023. We will delve into the numbers, explore the driving forces behind this remarkable achievement, and gain insights into the implications for India's future. India's current GDP (Q4 and FY23 data)India's economy expanded by 6.1 percent in the Q4 of the fiscal year 2022-23, leading to an annual growth rate of 7.2 percent. The growth rate during the January-March period surpassed the 4.5 percent expansion witnessed in the previous quarter of October-December 2022-23. According to official figures released on May 31, 2023, The estimated Q4 GDP for the current fiscal year stands at ₹43.62 lakh crore, compared to ₹41.12 lakh crore recorded in Q4 of the previous fiscal year 2021-22. On June 12, 2023, Finance Minister Nirmala Sitharaman's office Also Read: India's overall 7.2% GDP growth was fueled by the strong performance in the services sector and robust consumption, solidifying India's position as one of the world's fastest-expanding and major economies. India's nomina...

Recent government data revealed that India's GDP grew by 6.1 per cent in the fourth quarter of fiscal year 2022-23 beating Street estimates. For the entire fiscal 2022-23, the growth rate came in at 7.2 per cent underscoring the country's economic resilience amid geopolitical conflicts and global headwinds. India's GDP has reached $3.75 trillion in 2023, from around $2 trillion in 2014; moving from 10th largest to 5th largest economy in the world. India is now being called a Bright Spot in the global economy. Additionally, “Private consumption has caught up with the pre-pandemic trend. It is almost as though the pandemic did not happen hurting consumption of households. The catch up has been swift. Of course, mainly driven by urban consumption," said CEA Nageswaran. Recently, ratings agency Moody's estimated the Indian economy to Also Read: India, he said, has a high growth potential and its credit strengths include a stable domestic financing base for government debt, as well as a sound external position. "We expect India's growth to come in around 6-6.3 per cent in the first quarter of the current fiscal year, which remains relatively flat from the 6.1 per cent recorded in the final quarter of fiscal 2022-23," Fang said. "As the government balances the commitment to longer-term fiscal sustainability against its more immediate priority of supporting the economy amid high inflation and weak global demand, and ahead of general elections due by May 2024, we expect some risks...