new Delhi. The government has released India’s GDP figures for the October-December 2021 quarter. In the third quarter of the current financial year, India’s GDP growth rate was 5.4 percent. This information has been found in the data released by the National Statistical Office (NSO).
GDP growth expected to be 8.9 percent in FY22
According to the data released by NSO on Monday, the GDP growth rate in the same quarter of the last financial year was 0.7 percent. According to the second advance estimate of the NSO, the GDP growth rate in the financial year 2021-22 is estimated to be 8.9 percent.
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GDP growth was 8.5 percent in the second quarter
The first advance estimate released in January had projected the economic growth rate to be 9.2 per cent in the current financial year, while it declined by 6.6 per cent in 2020-21. In the first quarter of the current financial year, the growth rate of the economy was 20.3 percent due to weak comparative base. The GDP growth rate in the second quarter was 8.5 percent.
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Fiscal deficit in April-January Increases to 58.9% of FY22 target
Let us inform that India’s Fiscal Deficit has increased between April, 2021 to January, 2022 to 58.9 percent of the target of FY 22. This has come to the fore in the data released by the Controller General of Accounts on February 28. The fiscal deficit in April-December 2021 was 50.4 per cent of the full year target. Fiscal deficit means the difference between the income and expenditure of the government.
Tags: economy, Fiscal Deficit, GDP, GDP growth
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