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India is now a $3.1 trillion economy

NEW DELHI: India’s economy is forecast to grow by 9.2% in the current fiscal year helped by a robust farm sector and strengthening recovery in manufacturing, construction and services sector but the third Covid wave may hurt expansion in the months ahead.

If the 9.2% growth is realised it would be the fastest growth since 1988-89 when the economy expanded by 9.6%. Under the new methodology, data for which is available for 17 years, it would be the fastest expansion.

The nominal GDP (including inflation) is estimated at 17.6%. The size of the economy based on current prices in dollar terms is estimated to be $3.1 trillion.

Read More at https://timesofindia.indiatimes.com/business/india-business/india-is-now-a-3-1-trillion-economy/articleshow/88761957.cms

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