As per the recent NSO Update (June 2022), what is the GDP growth estimate of India in 2021-22? [A] 8.5 per cent[B] 8.7 per cent[C] 8.9 per cent[D] 9.2 per cent
Option [B] 8.7 per cent : National Statistical Office (NSO) marginally slashed its year-on-year gross domestic product (GDP) growth forecast to 8.7 per cent, down from 8.9 per cent estimated in February. The fourth quarter (January-March period of 2021-22) GDP growth was recorded at 4.1 per cent. The economy witnessed a 6.6 per cent contraction in 2020-21. The latest GDP growth estimate is lower than the second advance estimate of 8.9 per cent (released in February) and first advance estimate of 9.2 per cent (released in January).
