Indian economy expected to grow 7%: How GDP forecasts changed in 3 years

The average variation in value added is 1.5 percentage points between the first and last estimates

Ishaan Gera | New Delhi
Last Updated at January 25, 2023 22:18 IST

A closer look at GDP variations also indicates the directions of these revisions and the factors contributing to these variations

On January 6, India released its first estimate of the full-year real gross domestic product (GDP), which represents the value of goods and services produced in the economy adjusted for inflation, projecting a 7 per cent growth over the last year. However, a Business Standard analysis indicates that GDP may undergo a full percentage point revision once the final numbers are released after three years.

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