Quarterly Estimates of Gross Domestic Product for the Fourth Quarter (JAN-MAR), 2021-22

Pranali Sagwekar Jun 01, 2022 0

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is releasing in this Press Note the Provisional Estimates (PE) of National Income, 2021-22 as well as Quarterly Estimates of GDP for the quarter January-March (Q4), 2021-22 along with the corresponding estimates of expenditure components of GDP both at Constant (2011-12) and Current Prices in accordance with the release calendar of National Accounts.

  1. Annual and quarterly estimates of GVA at Basic Prices by kind of economic activity along with year on year percent changes, expenditure components of GDP and annual estimates of Gross/Net National Income and Per Capita Income for the years 2019-20, 2020-21 and 2021-22 at Constant (2011-12) and Current Prices.
  2. Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2021-22 is estimated to attain a level of ₹ 147.36 lakh crore, as against the First Revised Estimate of ₹ 135.58 lakh crore for the year 2020-21, released on 31.01.2022. The growth in GDP during 2021-22 is estimated at 8.7 percent as compared to a contraction of 6.6 percent in 2020-21.
  3. Nominal GDP or GDP at Current Prices in the year 2021-22 is estimated to attain a level of ₹ 236.65 lakh crore, as against ₹ 198.01 lakh crore in 2020-21, showing a growth rate of 19.5 percent.
  4. GDP at Constant (2011-12) Prices in Q4 2021-22 is estimated at ₹ 40.78 lakh crore, as against ₹ 39.18 lakh crore in Q4 2020-21, showing a growth of 4.1 percent.
  5. The Advance and Provisional Estimates of National Income are compiled using the benchmark-indicator method i.e. the estimates available for the previous year referred to as the benchmark year (2020-21 in this case) are extrapolated using the relevant indicators reflecting the performance of sectors. The Second Advance Estimates (SAE) of National Income for the year 2021-22 were released on 28th February, 2022. These estimates have now been revised incorporating latest information on relevant indicators in the financial year.

Reference:

https://pib.gov.in/PressReleasePage.aspx?PRID=1829784

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