India's GDP likely to grow 9.2% in FY22: First advance estimates

According to the statistics office, agriculture is expected to grow at 3.9% in FY22 while manufacturing is likely to expand by 12.5% and trade and hotel sector are expected to grow at 11.9%

The size of the Indian economy is expected to surpass the pre-pandemic level by growing at 9.2 per cent in the fiscal year ending March 31, 2022, after recovering from a historic contraction in the preceding year, the statistics office said on Friday.

According to the first Advance Estimates released by the National Statistical Office (NSO), India’s nominal GDP may expand to Rs 232.1 trillion in FY22, from Rs 203.5 trillion in FY20. In FY21, nominal GDP had slipped to Rs 197.5 trillion because of the Covid pandemic that led to a nationwide lockdown, which hit both private consumption and