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India’s GDP Growth and its Impacts
India's economy is expected to grow 15.2% annually in the April-June quarter, thanks to a weak base last year and a rebound in consumption as pandemic restrictions eased, according to a Reuters poll. Strong double-digit growth is expected in Asia's third-largest economy, based on the median forecast in a Reuters poll from 22-26. August among 51 economists, would be up significantly from the 4.1% growth rate in the previous quarter. Real gross domestic product (GDP) growth for the year ended March 31 reached 8.7%. GDP is a metric used to determine an economy's size through time. Adjusted for inflation, 8.7% growth sounds pretty good until you consider that GDP fell by 6.6% in the previous year. India's economy is estimated to have grown at a double-digit rate in April-June, the first quarter of the 2022-23 fiscal year, with real gross domestic product (GDP) growth in the range of 13-16.2 percent, according to economists' estimates. A comparative base of growth of 20.1 percent in the same period a year ago, along with a softening of the impact of the Russia-Ukraine war and a pick-up in activity in the services sector, was likely to support growth, they said. The majority of analysts maintained lower projections than the Reserve Bank of India's (RBI) estimate of 16.2 percent, despite the fact that economic growth is anticipated to accelerate. percent. Additionally, Q1 GDP data due on August 31 will be closely watched to track progress from pre-Covid levels seen in 2019. The impact of a high base will be strongly felt this time around. How it is measured? 
GDP can be measured in three ways: Output: Total value of goods and services produced by all sectors of the economy – agriculture, manufacturing, energy, construction, services, and government. Expenditure: The value of goods and services bought by households and government, investment in machinery and buildings – this also includes the value of exports minus imports Income: The value of income generated, mostly in terms of profits and wages.
GDP can be measured in three ways: Output: Total value of goods and services produced by all sectors of the economy – agriculture, manufacturing, energy, construction, services, and government. Expenditure: The value of goods and services bought by households and government, investment in machinery and buildings – this also includes the value of exports minus imports Income: The value of income generated, mostly in terms of profits and wages. Next Story
