Business / Indian economy Government estimates that the growth rate will be 9-2 percent in the current financial year

Business | The country's economic growth rate is estimated to be 9.2 percent in the financial year 2021-22 due to the better performance of the agriculture and manufacturing sector, as against a decline of 7.3 percent a year ago. This has been said in the first advance estimate of national income released by the National Statistical Office (NSO) on Friday.

The NSO said, "The real GDP (Gross Domestic Product) growth rate is estimated to be 9.2 percent in 2021-22. Whereas a year ago in 2020-21, it had declined by 7.3 percent.

The real Gross Value Added (GVA) at base price is estimated at Rs 135.22 lakh crore in 2021-22 as against Rs 124.53 lakh crore in the previous financial year 2020-21. This translates to an increase of 8.6 percent.

Corona's third wave raised concerns

The third wave of Corona has knocked in the country. Due to which the state governments have to impose many restrictions. It cannot be said right now how much the economy will be affected due to the increasing corona cases and lockdown in the country. But the damage caused by it cannot be denied. Let us tell you, after the bad effect of the second wave of Corona, the economy picked up once again between the quarter of July to September.