 "Economic growth, GDP")
Indian economy is expected to grow at 7 per cent in 2022-23 as compared to 8.7 per cent in 2021-22, advanced estimates of National Income for 2022-23 revealed by the National Statistical Office (NSO) showed on Friday. The fall will mainly be due to poor performance of the manufacturing sector.
"Real GDP or GDP at Constant (2011-12) Prices in the year 2022-23 is estimated at Rs 157.60 trillion, as against the Provisional Estimate of GDP for the year 2021-22 of Rs 147.36 trillion, released on May 31, 2022," NSO said.
The output of the manufacturing sector is estimated to decelerate
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