InvestorQ : What is your quick take on the GDP number for FY21?
indhumathi Sayani made post

What is your quick take on the GDP number for FY21?

Answer
image
1 month ago
Follow

GDP for the fourth quarter and the full year FY21 were announced on 31 May. India’s GDP growth for the fourth quarter ended Mar-21 came in at +1.6%. This is the second positive quarter after 2 consecutive negative quarters in Q1 and Q2. The full year GDP contraction for FY21 was better than expected at -7.3% since even the RBI and the NSO had pegged GDP contraction for FY21 in the range of -7.5% to -8.0%.

For the full year FY21, only agriculture and public utility services grew positively while other components showed de-growth. In Q4, manufacturing rebounded by 6.9% due to base effect. However, the MOSPI statement is itself quite clear that the full impact of COVID 2.0 may be just about beginning to show.

1 Views