Indian Economy 2021-2023: GDP, Sectors, and Projections

• The National Statistical Office (NSO) has released the first advance estimates of Gross Domestic Product (GDP) for the year 2021.

• The GDP for 2021 is estimated to be at Rs.27.5 trillion.

• The growth rate for 2021 is estimated to be 7.2%.

• The main contributors to the growth rate are private sector investment, public sector investment, and exports.

• The main sectors of the economy are agriculture, manufacturing, and services.

• The unemployment rate for the year 2021 is estimated to be 5.3%.

• The growth in the agricultural sector is estimated to be lower than the growth in the other sectors of the economy.

• The main contributors to the growth in the agricultural sector are private sector investment, public sector investment, and exports.

• The main sectors of the economy are agriculture, manufacturing, and services.

• The unemployment rate for the year 2021 is estimated to be 5.3%.

• The growth in the agricultural sector is estimated to be lower than the growth in the other sectors of the economy.

• The Indian economy is expected to grow by 7% in FY 22-23, up from 6.8% projected by the MPC.

• The economy is expected to grow by 9.7% in the first half of FY 22-23, which is likely to slow down to 4.5% in the second half.

• The FAE, first introduced in 2016-17, provide some sense of underlying momentum in economic activities.

Test your knowledge of the Indian economy with questions on GDP estimates, growth rates, sector contributions, and future projections, including the unemployment rate and sectors like agriculture, manufacturing, and services.