First Advance Estimates of National Income for FY22 Released

The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation has released the First Advance Estimates (FAE) of National Income for the financial year (FY) 2021-22 along with the corresponding estimates of expenditure components of the Gross Domestic Product (GDP).

As per the data, Real GDP in the year 2021-22 is estimated at Rs 147.54 lakh crore, as against the Provisional Estimate of GDP for the year 2020-21 of Rs 135.13 lakh crore.

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 GVA at Basic Prices is estimated at Rs 135.22 lakh crore in 2021-22, as against Rs 124.53 lakh crore in 2020-21, showing a growth of 8.6 percent.

Further, Nominal GDP in the year 2021-22 is estimated at Rs 232.15 lakh crore, as against the Provisional Estimate of GDP for the year 2020-21 of Rs 197.46 lakh crore.

The growth in nominal GDP during 2021-22 is estimated at 17.6 per cent. Nominal GVA at Basic Prices is estimated at Rs 210.37 lakh crore in 2021-22, as against Rs 179.15 lakh crore in 2020-21, showing a growth of 17.4 percent.

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Knowledge Source :

Revenue Deficit Grant of Rs 9,871 Crore Released to 17 States

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