By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Public TV EnglishPublic TV English
  • STATES
    • Andhra Pradesh
    • Karnataka
    • Kerala
    • Tamilnadu
    • Telangana
  • INDIA
  • WORLD
  • ENTERTAINMENT
    • Bollywood
    • Sandalwood
    • TV Shows
  • LIFESTYLE
  • BUSINESS
  • GAMING
  • COOKERY
    • VEG
    • NON VEG
  • VIDEOS
  • CRICKET
Reading: FY23: First Advance Estimates of India’s real GDP to grow at 7 per cent
Share
Notification Show More
Latest News
New Zealand beats India by 21 runs, lack consistency in 1st T20I
CRICKET LATEST Main Post
Master plan will be drawn to promote coastal tourism, says CM Bommai
Karnataka LATEST Main Post STATES
Kamal Haasan’s Makkal Needhi Maiam party website hacked
National
BBC documentary: Tata Institute warns students against screening
INDIA LATEST
A sneak peek into Athiya Shetty, KL Rahul’s ‘kurta faad’ haldi ceremony
Bollywood LATEST Main Post
Aa
Aa
Public TV EnglishPublic TV English
  • STATES
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • LIFESTYLE
  • BUSINESS
  • GAMING
  • COOKERY
  • VIDEOS
  • CRICKET
  • STATES
    • Andhra Pradesh
    • Karnataka
    • Kerala
    • Tamilnadu
    • Telangana
  • INDIA
  • WORLD
  • ENTERTAINMENT
    • Bollywood
    • Sandalwood
    • TV Shows
  • LIFESTYLE
  • BUSINESS
  • GAMING
  • COOKERY
    • VEG
    • NON VEG
  • VIDEOS
  • CRICKET
Follow US
BUSINESSLATEST

FY23: First Advance Estimates of India’s real GDP to grow at 7 per cent

Last updated: 08/01/23
By Public TV English
Share
SHARE

NEW DELHI: India’s growth in real gross domestic product (GDP) during 2022-23 is estimated at 7 per cent compared to 8.7 per cent in 2021-22.

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 May 31, 2022.

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

Nominal GDP or GDP at current prices in the year 2022-23 is estimated at Rs 273.08 lakh crore, as against the provisional estimate of GDP for the year 2021-22 of Rs 236.65 lakh crore released on May 31, 2022.

The release said the sector-wise estimates have been compiled using indicators like index of industrial production (IIP), financial performance of listed companies in the private corporate sector available for the first quarter and second quarter of 2022-23, crop production targets and first advance estimates of crop production for 2022-23, production targets for 2022-23 and production estimates of major livestock products for summer season of 2022-23.

Among these indicators were fish production, production or consumption of cement and steel, net tonne-kilometres and passenger km for railways, passenger and cargo traffic handled by civil aviation, cargo traffic handled at major seaports, sales of commercial vehicles, bank deposits and credits, accounts of central and state governments, others, available for first 7-8 months of the financial year 2022-23.

The statement also added the total tax revenue used for GDP compilation includes non-GST revenue and GST revenue.

The Budget Estimates of tax revenue for 2022-23, as available on Controller General of Accounts (CGA) and Comptroller and Auditor General of India (CAG) websites have been used for estimating taxes on products at current prices, it added.

Nominal GDP is the gross domestic product without any effect of inflation. Real GDP is the inflation-adjusted GDP of a country. The nominal GDP of a country is expressed in terms of current-year prices of goods and services. (ANI)

You Might Also Like

New Zealand beats India by 21 runs, lack consistency in 1st T20I

Master plan will be drawn to promote coastal tourism, says CM Bommai

BBC documentary: Tata Institute warns students against screening

A sneak peek into Athiya Shetty, KL Rahul’s ‘kurta faad’ haldi ceremony

TAGGED: #credits, #estimated, #GDP, #government, #Growth, #India, #National Statistical Office, #NSO, #passengers, 2022-23, accounts, central, constant, financial, First Advance Estimates of National Income, fish production, Gross Domestic Product, Ministry of Statistics and Programme Implementation, nominal GDP, per cent, real, Real GDP, state
Public TV English January 7, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Copy Link

Popular Post

A sneak peek into Athiya Shetty, KL Rahul’s ‘kurta faad’ haldi ceremony
‘My whole life came together’: Masaba poses with family in wedding picture
Masaba Gupta ties knot with beau Satyadeep Misra
Pathaan hits another milestone, makes about Rs 70 crore on Day 2
Historic! YouTuber Gaurav Taneja draws India map in sky on Republic Day
Kristen Stewart to direct 3 music vidoes for ‘Boygenius’

You Might Also Like

CRICKETLATESTMain Post

New Zealand beats India by 21 runs, lack consistency in 1st T20I

January 27, 2023
KarnatakaLATESTMain PostSTATES

Master plan will be drawn to promote coastal tourism, says CM Bommai

January 27, 2023
INDIALATEST

BBC documentary: Tata Institute warns students against screening

January 27, 2023
BollywoodLATESTMain Post

A sneak peek into Athiya Shetty, KL Rahul’s ‘kurta faad’ haldi ceremony

January 27, 2023

© Copyright 2022, All Rights Reserved | Theme by Knowtable

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?