1. What is the GDP of India during 2021-22 at constant and current prices?

Why are they

different?

The GDP of India at Constant Prices is expected to be 147.36 lakh crore in 2021-22, while the
GDP of India at Current Prices is expected to be 236.65 lakh crore.

Real GDP, or GDP at constant prices, is GDP that has been adjusted to account for the effects of
inflation. Inflation reduces the amount of future goods and services that can be purchased, as well as
the time value of money. GDP at constant prices is thus less than GDP at current prices.

2. What are the values of different components of GDP (C, I, G, X and M) for 2021-22(Q4)? How
are they different from the same quarter previous year?
Component 2020-2021 (Q4) 2021-2022 (Q4) Percentage Change
C 1,20,32,762 1,40,95,405 17%
G 23,93,290 26,33,867 10%
I 55,23,723 73,79,646 34%
X 37,04,533 50,63,885 37%
M 37,81,273 56,53,892 50%

3. Plot the following:

Plot A - Gross value Added (GVA) along with its sectoral components and Plot B - GDP along
with its components for India from 2018-19(Q1) to 2021-22(Q4) at constant prices and
comment on their trajectories. (Please label the plots appropriately).
2021-22
3,000,000
2,000,000
1,000,000
0
in crore

Sectors
 GDP of 4 years
16000000
14000000
12000000
GDP in Rs crores

10000000
8000000
6000000
4000000
2000000
0
C G I X M
Sector of GDP

2018-2019 (Q4) 2019-2020 (Q4) 2020-2021 (Q4) 2021-2022 (Q4)

4. Write a very short note on the performance of Indian economy based on the plots.

Answer. The GDP growth rate decreased in 2019–20 as a result of COVID–19, but it increased again
in the years that followed the recovery. The largest GVP is in the financial, real estate, and
professional sectors, while the lowest GVP is in the utility sectors of electricity, gas, water supply,
and other services. GVP rose steadily in 2021–2022 after declining in 2020–21.