Economic growth rate will be more than 7 percent, Chief Economic Advisor released the estimate


Business News Desk,At what speed will the GDP growth rate increase in the current financial year? A lot of information has been given in this regard by the Chief Economic Advisor. Chief Economic Advisor (CEA) V Ananth Nageswaran said on Thursday that the GDP growth rate in the current financial year is likely to be more than seven per cent in view of the revised estimates of key figures.

NSO released data
In the second advance estimate released by the National Statistical Office (NSO) on Tuesday, the growth rate is expected to be seven per cent. The GDP growth rate was projected to remain the same in the first advance estimate released in January. Nageswaran has said that looking at the vital indicators and the pace at which it is improving.

guess how much
The real GDP growth rate i.e. GDP at constant prices (2011-12) is estimated to be Rs 159.71 lakh crore in 2022-23 as against Rs 149.26 lakh crore in the first revised estimate for 2021-22.

NSO informed
According to NSO, the GDP growth rate at constant prices is estimated to be 9.1 per cent in 2021-22 to seven per cent in 2022-23. According to the NSO data, the growth rate slowed down to 4.4 per cent in the third quarter of the current fiscal mainly due to weak performance of the manufacturing sector.

Provisional GDP Estimates
The Chief Economic Adviser said, “My estimate is that it is contributing 0.3 per cent to 0.5 per cent to provisional GDP every year… So far no one has properly estimated the contribution of digital infrastructure to economic growth.” ” What is contribution? This needs to be assessed.

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