World Journal of
Pharmaceutical and Life Sciences

INDIA GDP GROWTH RATE 2022- A REVIEW

K. Dharm Raj*

ABSTRACT

If we look at the IMF, India's gross domestic product (GDP) growth projection for 2022 cut to 8.2 per cent from 9 per cent in its World Economic Outlook report in April 2022. International Monetary Fund (IMF) Nominal GDP prolonged by Rs 38.6 lakh crore to Rs 237 lakh crore, or 19.5 per cent annualised. In FY23 also, as inflation remains elevated in the first half, nominal GDP will grow 16.1 per cent to Rs 275 lakh crore, he said. Corporate revenue and profit and the growing bank credit coupled with plenty liquidity in the system. If we look at rising corporate growth, the report noted that in FY22, around 2,000 listed companies reported 29 per cent top line growth and 52 per cent jump in net profit over the previous year. If we look at the Construction sectors, like cement, steel, etc reported inspiring growth in both revenue as well as net income with 45 per cent and 53 per cent, rise respectively in revenue. Looking towards all such things an attempt has made to recollect all information regarding GDP growth rate in 2022.

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