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Second Advance Estimates Of National Income 2020-21

Second Advance Estimates Of National Income, 2020-21:

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the Second Advance Estimates of National Income, 2020-21 at Constant (2011-12) and Current Prices.

  • The growth in GDP during 2020-21 is estimated at -8.0 percent as compared to 4.0 percent in 2019-20.
  • GDP at Current Prices in the year 2020-21 is estimated to grow at rate of -3.8 percent.
  • The Per Capita Income in real terms (at 2011-12 Prices) during 2020-21 is estimated to attain a level of ₹ 85,929 as compared to ₹ 94,566 in the year 2019-20, giving a growth of -9.1 percent during 2019-20.
  • The Per Capita Income at current prices during 2020-21 is estimated to be ₹ 127,768, showing a decline of 4.8 percent.
  • The agriculture sector is estimated to see a growth of 3 percent in 2020-21. However, it will be lower than 4.3 percent growth recorded in 2019-20.
  • The manufacturing sector is estimated to contract 8.4 per cent during FY21, while electricity is likely to grow at 1.8 per cent. Among services sectors, trade, hotel, transport are projected to contract 18 per cent.