New Delhi: India’s Economy is expected to grow by 9.2% in the current fiscal year assisted by a strong agricultural sector and strengthen recovery in the manufacturing, construction and service sector but the third covid wave can harm expansion in the coming months.
If 9.2% growth is realized, it will be the fastest growth since 1988-89 when the economy increases by 9.6%.
Under the new methodology, data available for 17 years, it will be the fastest expansion.
Nominal GDP (including inflation) is estimated at 17.6%.
The economic size based on current prices in the requirements of the dollar is estimated at $ 3.1 trillion.
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