India GDP Data LIVE Updates | Sameer Narang, Chief Economist, Bank of Baroda: “Had anticipated that Q4 would be driven by higher government spending. Construction activity has been far robust than anticipated and continues. Consumption will be higher only when economy opens up.”
India GDP Data LIVE Updates | Anubhuti Sahay, Standard Chartered Bank, South Asia Economic Research head: “Very strong numbers from construction and manufacturing sectors. Current numbers will not mean much for the next 6 months. Jan-March of 2022 will see much better growth.”
She added, “Private consumption growth on a YoY is slightly better than anticipated. Consumption in informal sector may not have picked up in line with formal sector. After three successive months of de-growth, growth in consumption is a good sign. Informal sector will take times to align itself with formal sector growth.”
India GDP Data LIVE Updates | India’s FY21 GVA stands at -6.2%
India’s FY21 GVA stands at -6.2% against CNBC-TV18 poll of -6.35%.
#GDP Data | FY21 #GVA at -6.2% Vs CNBC-TV18 poll of -6.35% pic.twitter.com/R0Wg8WCXNG— CNBC-TV18 (@CNBCTV18Live) May 31, 2021
India GDP Data LIVE Updates | India’s Fiscal deficit stands at Rs 78,000 crore vs Rs 2.9 lakh crore
Fiscal Deficit Data | April #FiscalDeficit at Rs 78,700 cr Vs Rs 2.79 lk cr (YoY) pic.twitter.com/H2Wy6pVO51— CNBC-TV18 (@CNBCTV18Live) May 31, 2021
India GDP Data LIVE Updates | 2020-21 GDP contracts 7.3%, January-March quarter GDP rises by 1.6%
GDP May Have Expanded 1-2% In Q4FY21, Bettering Official Estimates
Rating agencies and brokerages estimate that the economy may have contracted by 7.5% or thereabouts rather than NSO’s estimates of 8% in the January-March 2021.
India GDP Data LIVE Updates | Fiscal deficit at 9.3% of GDP in 2020-21, down from revised estimate of 9.5%: Govt data
Fiscal deficit at 9.3 pc of GDP in 2020-21, down from revised estimate of 9.5 pc: Govt data— Press Trust of India (@PTI_News) May 31, 2021
GDP Data | Guard Against Fitting Trends From Q4 Growth
The bigger question to watch out for is whether the slide in April-June this year turns out to be deeper than last year. The immediate past on the GDP front may actually mirror the opposite of what…
India GDP Data LIVE Updates | The deadly COVID-19 second wave has impacted the economy. Economists are revising the Indian GDP growth figures based on the second wave and also accounting for the third wave, writes Amol Agrawal. The decline in economic activity will disturb India’s macro maths, especially the tax revenues.
The GST revenues so far have been strong as for April, the government got a record collection of Rs 1.41 trillion. But the impact of the second wave is likely to be seen in May and June as these things are impacted with a lag.
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India GDP Data LIVE Updates | The US’ first-quarter GDP growth for 2021 was at 6.4 percent against the estimated 6.5 percent but signifies a major surge in the economic activity after the pandemic battered the economy, writes Joseph Thomas.
The second quarter of 2020 saw the biggest fall in US growth, which plunged by 31.4 percent and left 22 million Americans unemployed. There has been all-round improvement ever since.
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India GDP Data: Key Things To Watch Out For In FY21 GDP Estimates To Be Released Today
The Centre will release India GDP data for Q4FY21 and full-year FY21 later today. Find out what to look for
India GDP Data LIVE Updates | S&P Global Ratings on Wednesday slashed India’s GDP growth forecast for the current financial year to 9.8 percent saying the second COVID wave may derail the budding recovery in the economy and credit conditions.
The US-based rating agency in March had a 11 percent GDP growth forecast for India for the April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus. (Inputs from PTI)
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