News > GDP to grow 9.2% in FY22

GDP to grow 9.2% in FY22

The National Statistical Office (NSO) expects India's GDP growth to be 9.2% in 2021-22, according to the first advanced estimates (AE) which were released on January 7. While the number is lower than the RBI's projection of 9.5%, in absolute terms GDP is still expected to be higher than the pre-pandemic (2019-20) level.  

Released just three weeks before the Union Budget is presented, these numbers have both good as well as bad news for the government.The bad news is the Indian economy would have grown at a rate which is lower than the RBI projection of 9.5% even without the third wave of Covid-19 infections.