NSO projects GDP growth for India in 2021-22 at 8.9% and in 2020-21 at 6.6%

National Statistical Office (NSO) has released the second advance estimates of national accounts. The GDP growth rate projection as per NSO for 2021-22 (FY22) and 2020-21 (FY21) is given below:

The NSO has projected 8.9% growth in 2021-22, earlier it was 9.2% in first advance estimates. In its first advance estimates that was released in January, the NSO had projected 9.2% growth for 2021-22 against a contraction of 6.6% in 2020-21, earlier it was 7.3%.