The National Statistical Office’s Ministry of Statistics and Programme Implementation (MoSPI) most recent estimates of national income indicate that real GDP will expand by 7% in 2022-23 and 9.1% in 2021-22 (2nd AE). In a written response to a question in today’s Lok Sabha, Union Minister of State for Finance Shri Pankaj Chaudhary stated this. Read More Business News on our website.

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In addition, the Minister stated that the annual data, which serve as a stable basis for evaluation, demonstrate that the Indian economy’s growth momentum continues after a full recovery. The IMF and the World Bank projects India to be the quickest developing significant economy in 2023.

The Minister stated that India is the fifth largest economy in terms of GDP ranking of countries at Current US Dollar in 2021, according to the most recent data on World Development Indicators.

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