2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.8%
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8.9%
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6.9%
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6.2%
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Detailed explanation-1: -GDP growth had expanded by 0.7 per cent in the corresponding period of 2020-21, according to the data released by the National Statistical Office (NSO). The second advance estimates of national income 2021-22 pegs GDP growth for the year at 8.9 per cent as compared to a contraction of 6.6 per cent in 2020-21.
Detailed explanation-2: -2022. The growth in GDP during 2021-22 is estimated at 8.9 percent as compared to a contraction of 6.6 percent in 2020-21.
Detailed explanation-3: -Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2021-22 is estimated to attain a level of ₹ 147.36 lakh crore, as against the First Revised Estimate of ₹ 135.58 lakh crore for the year 2020-21, released on 31.01.
Detailed explanation-4: -NSO First revised FY21 GDP estimates The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%.
Detailed explanation-5: -State of the Economy: Indian economy estimated to grow by 9.2 percent in real terms in 2021-22 (as per first advanced estimates) subsequent to a contraction of 7.3 percent in 2020-21. GDP projected to grow by 8- 8.5 percent in real terms in 2022-23.