The Indian economy is estimated to grow at 9.2% in 2021-22, as against a contraction of 7.3% in the previous fiscal, mainly due to improvement in the performance of agriculture and manufacturing sectors, the National Statistical Office (NSO) said on Friday.
Releasing the first advance estimates of National Income for 2021-22, the NSO stated, “The growth in real GDP during 2021-22 is estimated at 9.2% as compared to the contraction of 7.3% in 2020-21.”
“Real GVA at Basic Prices is estimated at ₹135.22 lakh crore in 2021-22, as against ₹124.53 lakh crore in 2020-21, showing a growth of 8.6%,” it added.