First advance estimates: GDP to grow 8-11.5% in FY22, say experts

Within services, financial, real estate and professional services are expected to perform well

The economy will grow between 8 and 11.5 per cent at constant prices and at 11-15.5 per cent at current prices during 2021-22, say economists.

It is gross domestic product (GDP) growth or economic expansion at current prices that plays a crucial part in Budget making. It is on the basis of this number that tax figures and fiscal deficits are projected.

As the economy is expected to decline 7.7 per cent in the current fiscal year, D K Srivastava, chief policy advisor, EY India, has pegged GDP growth at constant prices at 8 per cent in 2021-22. He projected nominal GDP