UN projects India GDP at 6.5% in FY22

Category : Business and economics Published on: January 15 2022

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The GDP growth forecast of India in fiscal 2022 is estimated to grow at 6.5 per cent as per the United Nations World Economic Situation and Prospects (WESP) 2022 report.
Earlier this was estimated at 8.4%.
The WESP is a flagship report produced by the UN Department of Economic and Social Affairs (UN-DESA).
UN has projected the growth rate for fiscal 2023 (FY 2022-2023) at 5.9 per cent.

Important Takeaways

About GDP

The total monetary or market worth of all finished goods and services produced inside a country's borders in a certain time period is known as GDP.
GDP is usually estimated on a yearly basis, although it can also be calculated quarterly.
GDP can be computed in three different ways: expenditures, output, and incomes. It can be modified for inflation and population to give you a more accurate picture.
GDP is an important tool for policymakers, investors, and enterprises to use when making strategic decisions, despite its shortcomings.