New Delhi. First, the corona virus, then after the Russia-Ukraine war, not only the country, but the world’s economy has been hurt, surely it will take a long time to overcome it, but amidst these miseries, the present condition of the Indian economy remains Yes, it has encouraged all those who are working towards fixing it. According to the data released, the condition of the economy in October was pleasant. But, now the chances of a decline in GDP are being expressed.
If you look at the figures released, you will be surprised to know that the growth rate in GDP was expected to come down to 6.9 percent in 2022-23. At the same time, the GDP in 2021-22 was 8.7 percent, which is less than the previous fiscal. At the same time, what will be the GDP rate in the coming 2023-24? Everyone’s eyes will be fixed on this.
Let us tell you, due to various factors, the way the economy of the whole world has been in a state of turmoil for the last few days, it is the result of this that the Indian GDP is in this condition today. However, efforts are on to save the worsening situation on the economic front by whatever means possible, but looking at the current situation, its chances are less. At the same time, the World Bank estimates that retail inflation will remain at 7.1 percent in the financial year 2022-23. Let us tell you that since January 2022, inflation has remained above the satisfactory level of the government.
Well, now after reading all this, the question must be arising in your mind that what is GDP, then let us tell you that GDP is the total value of goods and services produced by different sectors of the economy. Now in such a situation, how will be the condition of the country’s economy in the coming financial year. Everyone’s eyes will be fixed on this.