Gross Domestic Product (GDP) is projected to reach 147.5 lakh crore in FY22

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Gross Domestic Product (GDP) is projected to reach 147.5 lakh crore in FY22
09 Feb 2022
5 min read

News Synopsis

In a written reply to the question raised in the lower house of the parliament- Lok Sabha, Minister of State for Finance, Mr. Pankaj Chaudhary said that India’s economy is on track and the union government has done several reforms to bring investment in the country and increase GDP growth. He also informed that in this financial year, the country’s Gross Domestic Product will rise by 9.2% reaching 147.5 lakh crore rupees. He said: "As per the first advance and first revised estimates of GDP released by the National Statistical Office (NSO), the size of real GDP has been increased from Rs 105.3 lakh crore in 2014-15 to Rs 135.6 lakh core in 2020-21 and estimated to be Rs 147.5 lakh crore in 2021-22”. The government has introduced new reforms and initiatives in its MSME and PSU policy and in other sectors as well.

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