CURRENT AFFAIRS

Detailed explanation-1: -India’s real GDP fell to 26.9 lakh crore in constant terms, 23.9% lower than a year ago, showed data released by the Ministry of Statistics and Programme Implementation on Monday. Nominal GDP fell to Rs 38.08 lakh crore, 22.6% lower than the same period last year.

Detailed explanation-2: -India’s GDP grows at 13.5% in April-June quarter.

Detailed explanation-3: -India’s gross domestic product (GDP) in the June quarter contracted 1.4 per cent quarter-on-quarter, when adjusted for seasonality, and was the second worst performance among the G20 countries - the first being China - according to OECD calculations.

Detailed explanation-4: -Q2 GDP Growth Rate India: While the GDP had expanded by 8.4 per cent in the corresponding quarter of 2021-22, it saw a growth of 13.5 per cent in the preceding April-June quarter of 2022-23.

Detailed explanation-5: -"Real GDP or GDP at Constant (2011-12) Prices in Q2 2022-23 is estimated at Rs 38.17 lakh crore, as against Rs 35.89 lakh crore in Q2 2021-22, showing a growth of 6.3 percent as compared to 8.4 percent in Q2 2021-22, ” stated govt’s press release on GPD numbers.