ExplainSpeaking: What to look for in Provisional GDP estimates for 2021-22 | Explained News,The Indian Express
Apart from telling us how robust was India’s recovery, provisional estimates also set the base on which the current financial year’s GDP growth will be calculated. We take a look at the components of the provisional estimates and their significance.
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Dear Readers,
On May 31, the Ministry of Statistics and Programme Implementation (MoSPI) will release the so-called “Provisional Estimates (or PEs)” of GDP for the last financial year (2021-22).
Before we get to what PEs are, here is a quick definition of GDP.
The GDP measures the monetary value of all “final” goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). For more on GDP, read this piece.
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