India’s real GDP rose by 8.7% in FY21-22, compared with a contraction of 6.6% in FY21, official data shows.
In January to March quarter of fiscal 2022, India’s GDP growth stood at 4.1%, lower than the 5.4% growth registered in the December quarter, according to data released by National Statistical Office (NSO) today.
Real GDP at constant (2011-12) prices in the fiscal year
2021-22 is estimated to attain a level of Rs 147.36 lakh crore, as against the
first revised estimate of Rs 135.58 lakh crore for the year 2020-21, released
on January 31, 2022, the Ministry of Statistics & Programme Implementation
Nominal GDP or GDP at Current Prices in the year 2021-22
is estimated to attain a level of Rs 236.65 lakh crore, as against Rs 198.01
lakh crore in 2020-21, showing a growth rate of 19.5%
“GDP at Constant (2011-12) Prices in Q4 2021-22 is
estimated at Rs 40.78 lakh crore, as against Rs 39.18 lakh crore in Q4 2020-21,
showing a growth of 4.1%,” the Ministry of Statistics & Programme
Agriculture, Forestry and Fishing sector grew at 3% on year basis.
Mining and quarrying sector posted a growth of 11.5% year on year against a decline of 8.6% last year.
The manufacturing sector saw a growth of 9.9% on a yearly basis.
Electricity, gas, water supply & other utility services sector registered a growth of 7.5% on year in the financial year that ended March 2022.
The construction sector registered a growth of 11.5% year on year in fiscal 2022.
Trade, hotel, transportation, communication & services relating to broadcast saw a massive improvement with a growth of 11.1% in fiscal 2022 against a decline of 20.2% in the fiscal year 2020-21.
Gross value added (GVA) at basic prices registered a growth of 8.1% on yearly basis in the financial year ending March 2022.
In the March quarter, GVA grew at 3.9% against a growth of 4.7% in the October-December quarter.
Private Final Consumption Expenditure in fiscal 2022 stood at Rs 83.77 lakh crore against Rs 77.63 lakh crore in the previous year.
Government Final Consumption Expenditure in the reported fiscal year at Rs 15.77 lakh crore, against Rs 15.37 lakh crore previous year.
Public Administration, Defence & Other Services sector registered a growth of 12.6%.