What is the estimated GDP growth of India in 2022-23 as per NSO advance estimates?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 7%
The National Statistical Office (NSO) released its First Advance Estimates of national income for 2022-23 in January 2023. They put the growth of real GDP (GDP at constant prices) at 7.0%, after 8.7% in 2021-22; the Second Advance Estimates of February 2023 kept the figure at 7%. Advance estimates are released before the year ends and are revised later as fuller data come in.