Budget 2022: GDP’s 2-year Setback

/ 1 min read

The Indian economy’s growth of 9.2% in FY22 comes on the back of a low base effect due to a 7.3% contraction in FY21.

Fortune India
Credits: Fortune India

The Indian economy’s growth of 9.2% in FY22 comes on the back of a low base effect due to a 7.3% contraction in FY21. In real terms, 2022 GDP will be barely 1.3% higher than that of FY20–a loss of two years.

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