India GDP Progress Price: India’s financial system grew by 1.6 per cent within the fourth quarter of 2020-21, proscribing the full-year contraction to 7.3 per cent, official knowledge confirmed on Monday. Listed here are all of the LIVE UPDATES:-
-The fourth quarter progress was higher than the 0.5 per cent enlargement within the earlier October-December quarter of 2020-21.
-The gross home product (GDP) had expanded by 3 per cent within the corresponding January-March interval of 2019-20, in line with knowledge launched by the Nationwide Statistical Workplace (NSO).
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– On a sequential foundation, India`s financial system grew through the fourth quarter, which ended on March 31, 2021 by 1.6 per cent.
-The info furnished by the Nationwide Statistical Workplace (NSO) confirmed actual GDP or Gross Home Product (GDP) at fixed (2011-12) costs in 12 months 2020-21 attained a stage of Rs 135.13 lakh crore, as in opposition to the `First Revised Estimate` of GDP for the 12 months 2019-20 of Rs 145.69 lakh crore.
– “`GDP at Fixed (2011-12) Costs in This autumn` of 2020-21 is estimated at Rs 38.96 lakh crore, as in opposition to Rs 38.33 lakh crore in This autumn of 2019-20, exhibiting a progress of 1.6 per cent,” in line with the GDP estimates launched by the Central Statistics Workplace (CSO).
-In 2020-21, the Indian financial system contracted by 7.3 per cent in opposition to 4 per cent enlargement in 2019-20, exhibiting the financial influence of the COVID-19 pandemic.
-The NSO had projected a GDP contraction of seven.7 per cent in 2020-21 in its first advance estimates of nationwide accounts launched in January this 12 months.
– The NSO, in its second revised estimates, had projected a contraction of 8 per cent for 2020-21.