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GDP Deflator Forecast
February 13 , 2022
1018 days
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- Finance Minister Nirmala Sitharaman highlighted that, for 2022-23, the Centre’s gross domestic product (GDP) deflator projection is 3 to 3.5 percent.
- The government’s own real GDP growth projection for the fiscal year 2022-23 is in the range of 7.6-8.1 percent.
- While Union Budget assumes a nominal GDP growth rate of 11.1 percent for the fiscal year 2023.
- GDP Deflator is also known as ‘implicit price deflator’.
- It is a measure of general price inflation.
- It is defined as the ‘difference between nominal GDP and real GDP’.
- Ministry of Statistics and Programme Implementation (MOSPI) comes out with the GDP deflator.
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