Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowAccording to the advance estimates by the National Statistical Office (NSO), the Indian economy is expected to grow at 7 per cent in FY23 as compared to 8.7 per cent in 2021-22. Real GDP or GDP at Constant (2011-12) Prices in the year 2022-23 is estimated at ₹157.60 lakh crore whereas Nominal GDP or GDP at Current Prices in the year 2022-23 is estimated at ₹273.08 lakh crore. In FY23, gross value added (GVA) at basic prices is expected to grow at 6.7 per cent. The services sector, is expected to grow at a robust 9.1 per cent. The gross value added (GVA) in agriculture and allied activities is expected to grow by 3.5 per cent in constant price terms in financial year 2022-23 (FY23). The output of the manufacturing sector is estimated to fall to 1.6 per cent as against a growth of 9.9 per cent in FY22.However, government spending, is expected to grow at 3.1 per cent. Learn Along: NSO Headquarters: New Delhi Chairperson: Bimal Kumar Roy The National Statistical Office is headed by Ministry of Staistics & Programme Implementation. The primary function of the National Statistics Office is to collect, compile and release official statistics that are produced subject to the principles of reliability, objectivity, relevance, statistical confidentiality, transparency, specificity and proportionality.
Who is set to become the next Chairperson of the Union Public Service Commission (UPSC)?
What is the only change in the new ₹20 banknotes issued by RBI in 2025?
What is the global job gain projected by the WEF Future of Jobs Report 2025?
Which Indian city will host the 100th launch from Sriharikota with the GSLV-F15 mission?
What does the Kerala Forest Department’s Vithoot programme primarily aim to achieve?
Which organization developed the lightest Bullet Proof Jacket (BPJ) featuring the Front Hard Armour Panel (FHAP)?
What is the revised repo rate as per RBI's monetary policy updates in 2025?
What was the gross GST revenue collection in May 2024?
What was the significant reason behind the Reserve Bank of India's (RBI) decision to withdraw ₹2000 denomination banknotes from circulation on May 19,...