CURRENT AFFAIRS

Detailed explanation-1: -5. GDP at Constant (2011-12) Prices in April-September 2022-23 (H1 2022-23) is estimated at ₹75.02 lakh crore as against ₹68.36 lakh crores during the corresponding period of previous year, showing a growth of 9.7 percent in H1 2022-23 as against 13.7 percent during the same period last year.

Detailed explanation-2: -The growth in nominal GDP during 2022-23 is estimated at 15.4 per cent as compared to 19.5 per cent in 2021-22, the NSO said. Private final consumption expenditure, a measure of demand, is estimated to grow by 7.7 per cent in the financial year ending March 2023 as compared to 7.9 per cent in 2021-22.

Detailed explanation-3: -2022 Q2 GDP Data India: India’s gross domestic product (GDP) for the July-September quarter (Q2) of the ongoing financial year 2022-23 slowed to 6.3 per cent, as per provisional estimates released by National Statistical Office (NSO) on Wednesday.

Detailed explanation-4: -Real GDP growth is estimated at 7.0 per cent in 2022-23, according to the first advance estimate of the National Statistical Office (NSO).

Detailed explanation-5: -Fitch Ratings has retained India’s GDP growth forecast at seven per cent for 2022-23. However, GDP growth projection for 2023-24 and 2024-25 has been revised downwards to 6.2 per cent and 6.9 per cent, respectively.