New Delhi: Stating the measures taken to include unfold of the Covid-19 pandemic have had an impression on financial actions in addition to on information assortment mechanisms, the Centre on Monday stated the expansion in GDP throughout 2020-21 is estimated at -7.Three % as in comparison with 4.zero % in 2019-20.
Actual GDP or Gross Home Product (GDP) at fixed (2011-12) costs within the yr 2020-21 is now estimated to achieve a degree of Rs 135.13 lakh crore, as towards the primary revised estimate of GDP for the yr 2019-20 of Rs 145.69 lakh crore, launched on January 29, 2021, the Ministry of Statistics and Programme Implementation stated.
The GDP at present costs within the yr 2020-21 is estimated to achieve a degree of Rs 197.46 lakh crore, as towards the primary revised estimates of Rs 203.51 lakh crore in 2019-20, displaying a change of -3.zero % as in comparison with 7.eight % in 2019-20.
The GDP at Fixed (2011-12) Costs in This autumn of 2020-21 is estimated at Rs 38.96 lakh crore, as towards Rs 38.33 lakh crore in This autumn of 2019-20, displaying a progress of 1.6 %.
The ministry’s Nationwide Statistical Workplace (NSO), which launched the provisional estimates of nationwide revenue for the monetary yr 2020-21 each at fixed (2011-12) and present costs, additionally threw mild on the estimates of gross/web nationwide revenue and per capita revenue together with GVA at fundamental costs by form of financial exercise, expenditures on GDP for provisional estimates and fourth quarter (This autumn) 2018-19, 2019-20 and 2020-21 at fixed (2011-12) and present costs, together with % adjustments and relevant charges.
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Stating that the federal government has introduced quite a few coverage measures, from offering probably the most susceptible with each day meals rations to suspending some deadlines for compliance and tax filings to satisfy the disaster attributable to the pandemic, the ministry stated the clarifications supplied by Worldwide companies just like the IMF, EUROSTAT and many others. on remedy/financial classification of varied measures supplied by the federal government within the pandemic occasions have been additionally thought of whereas compiling the estimates.
The following launch of quarterly GDP estimates for the quarter April-June 2022 (Q1 of 2021-22) will likely be on August 31, 2021.
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