Indian real GDP in FY23 ₹157.60 lakh cr: 1st advance estimates by govt

07 Jan 23 1 min read

India’s real gross domestic product (GDP) or GDP at constant (2011-12) prices in fiscal 2022-23 (FY23) is estimated at ₹157.60 lakh crore, as against the provisional estimate of GDP for FY22 of ₹147.36 lakh crore, released on May 31 last year. The growth in real GDP during FY23 is estimated at 7 per cent compared to 8.7 per cent in FY22, according to the National Statistical Office (NSO).

Nominal GDP or GDP at current prices in the FY23 is estimated at ₹273.08 lakh crore against the provisional estimate of GDP for FY22 of ₹236.65 lakh crore released last May. The growth in nominal GDP during FY23 is estimated at 15.4 per cent compared to 19.5 per cent in FY22.

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NSO under the ministry of statistics and programme implementation released the first advance estimates of national income at both constant (2011-12) and current prices, for fiscal 2022-23 recently.

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