Which of the following statements is/are correct with reference to the Second Advance Estimates of National Income, 2020-21?
Which of the following statements is/are correct with reference to the Second Advance Estimates of National Income, 2020-21?
A. The growth in GDP during 2020-21 is estimated at -8.0 percent as compared to 4.0 percent in 2019-20.
B. The Per Capita Income at current prices during 2020-21 is estimated to be ₹ 127,768, showing a decline of 4.8 percent.
C. Both A & B
D. None of these
Explanation:
The growth in India’s real GDP during 2020-21 is estimated at -8 per cent as compared to the growth rate of 4.0 per cent in 2019-20, said government as part of its second advance estimates of the economic growth. The government had projected a GDP contraction of 7.7 per cent in its first advance estimate. The growth in GDP during 2020-21 is estimated at -8.0 percent as compared to 4.0 percent in 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.
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