India s GDP To Grow By 7 3 Pc In 2023-24: Govt Estimates thenorthlines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenorthlines.com Daily Mail and Mail on Sunday newspapers.
Releasing GDP estimates undergoes six revisions over three years, starting with the First Advance Estimate (FAE). Examining four years of data reveals similarities between estimates, suggesting the merging of FAE and Second Advance Estimate (SAE) to streamline the process. Scrutiny indicates negligible differences between Second Revised Estimate (SRE) and Third Revised Estimate (TRE), proposing the elimination of TREs for a more efficient system. Additionally, consolidating First Revised Estimate (FRE) and SRE could yield a more accurate, swifter estimation process within 16 months.
According to a press release by Ministry of Statistics & Programme Implementation, Government of India, on the First Advance Estimates of National Income, 2022-23, growth in real GDP during 2022-23 is estimated at 7.0 per cent as compared to 8.7 per cent in 2021-22. The press note states the following points: 1. Real GDP…
The weakening demand within the country and abroad has hampered India s growth prospects and the country will be losing its fastest-growing major economy tag this year. As per the first official estimate released by the Ministry of Statistics and Programme Implementation, the Gross Domestic Product (GDP) will grow 7 per cent in the fiscal ending March. aaa