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Showing posts with the label gdp growth

GDP India 2021 - Contracts 7.3 Percent due to Pandemic

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 GDP India 2021 - Contracts 7.3 Percent due to Pandemic  The Country's Gross Domestic Product(GDP) fell 24.4 Percent in the first quarter of fiscal 2020-21. India's economy was hit hardest by the Covid-19 Pandemic in the April to June quarter of 2020. It then fell by 7.4 Percent in the Q2FY21 which is July - September. Due to this, the country experienced a major recession last year. In the Economic cycle, If the GDP has fallen negatively for the two consecutive quarters in general, then it is called an Economic Recession. The Country recovered slightly from the recession and grew by 0.5 Percent in the third quarter.  India's GDP grew by 1.6 Percent at the end of the fourth quarter, according to the latest report by the Central Bank. Overall, India's Gross Domestic Product - economy has fallen 7.3 Percent in the last fiscal year 2020-21.  The country's real economy, which had been somewhat paralyzed since the pre-epidemic period, is now on a growth path after the Co

50 Years of Economic Growth - GDP India

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 50 Years of Economic Growth - GDP India  The Country's GDP was 0.4 Percent in the Third quarter of the current fiscal year 2020-21. This is the first time that the positive growth has been reported Since the Covid-19 (Coronavirus) Lock down in India. The Economic growth fell by -24.4 Percent in the first quarter and -7.3 Percent in the Second quarter of this year. It was also said to be the biggest slump and fall Since 2013. Economic growth in October - December 2020 was 0.4 Percent, driven by the Economic Stimulus and Temporary High Consumption. However the country's GDP as a whole year will end in the Negative Territory. The Retail Inflation - Consumer price index(CPI) was as low as 4.06 Percent in January 2021, despite rising prices in the aftermath of the Corona Curfew. This is the lowest level seen in the last 15 months. India's Retail inflation averaged 6-8 Percent. It is noteworthy that the short term target of the Central Bank (RBI) on CPI Retail Inflation is said

India's GDP growth rate at 6.6 percent in Q3FY19

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India's GDP growth rate at 6.6 percent in Q3FY19 The Q3FY19 for the GDP data was released today by the Central Statistical Office (CSO) in India. The third quarter of GDP growth is at 6.6 percent, it was seen at 8.2 percent in the First quarter. The Q2FY19 for the GDP growth were stood at 7.1 percent. The data released today by the CSO, making it clear that the growth was slower as compared to the previous quarter. The First quarter of this fiscal year 2018-19 has been revised to 8 percent, earlier it was at 8.2 percent. The Q2FY19 has also been revised to 7 percent from the 7.1 percent. For the current financial year, it was estimated at 7.4 percent in the December Policy. The GDP growth for the next financial year 2019-20 is projected at 7.4 percent. There is a 7.2 -7.4 percent in the first half and 7.5 percent in the Q3FY20. India's Gross Value Added (GVA) growth stood at 6.3 percent. Manufacturing Sector has under performed recently, even though the manufacturing is one of