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

Advance estimates are released to provide the numbers to the finance ministry to work on the Budget for the next financial year

The Indian economy is estimated to grow at 9.2 per cent in 2021-22, as against a contraction of 7.3 per cent in the previous fiscal, mainly due to improvement in the performance of agriculture and manufacturing sectors, the National Statistical Office (NSO) said on Friday.

Releasing the first advance estimates of National Income for 2021-22, the NSO stated, "The growth in real GDP during 2021-22 is estimated at 9.2 per cent as compared to the contraction of 7.3 per cent in 2020-21."

"Real GDP or GDP at Constant Prices (2011-12) in the year 2021-22 is estimated at Rs 147.54 trillion,