The growth is only due to the improvement in the performance of the agriculture and manufacturing sectors.
The National Statistical Office (NSO) on Friday said the Indian economy is projected to grow at 9.2% in 2021-22 as against 7.3% in the previous fiscal, mainly due to improving performance of agriculture and manufacturing sectors. Cause. ,
Releasing the first advance estimates of national income for 2021-22, the NSO said, “The growth in real GDP during 2021-22 is estimated at 9.2%, as compared to contraction of 7.3% in 2020-21.”
“The 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 an increase of 8.6%,” it said.