National Statistical Office (NSO) Projects India’s GDP to grow 7.0% in FY23

NSO releases First Revised Estimates: shows GDP contraction of 6.6 per cent during 2020-21

National Statistical Office (NSO) Projects India’s GDP to grow 7.0% in FY23

  • The GDP of India is expected to grow by 7.0 percent in the current fiscal year 2022-23, as per the first advanced estimates released by the National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation (MOSPI) on January 06, 2023.
  • The first advance estimates of GDP of a financial year are released before the Union Budget. This data helps in the budget-making process.

Points to Remember:

  1. GDP growth prediction in FY23 as per first advanced estimates by NSO?
  2. National Statistical Office (NSO) comes under which ministry?

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