While several sectors returned to growth in Q3 , agriculture was all along different. GVA in last fiscal year at constant prices was 4.3 per cent.
Imputed Q4 GDP seen falling 1.1%; Services to catch up with mfg; Tall growth of 30% in govt spending needed; Investments better than expected, show revised numbers
The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE)
However, the economy grew by a much higher rate of 3.1 per cent in the fourth quarter of 2019-20
India's was not the worst performer among large economies in the world
Gross fixed capital formation (GFCF) contracted by 6.48 per cent in Q4FY20. It plunged in Q1FY21 before returning to earlier levels in Q2
India's marine resources remain under-utilised
Once the pandemic is over, the states need to garner more own revenues to spend more on meritorious heads such as education, health and infrastructure
Govt must focus on mobilising more revenues
Under the first revision released in January 2020, real GDP or GDP at constant (2011-12) prices for 2018-19 was pegged at Rs 139.81 trillion, showing a growth of 6.1 per cent
Investment in upskilling could boost global GDP by $6.5 trn by 2030, including by $570 bn (over Rs 40 trn) in India alone -- the third highest after China and the US, a WEF report said
The path to progress lies in first building a mature research process and developing a community of practice
Growth and not fiscal prudence, experts say, should be the priority for the government now
BSE-listed companies' market capitalisation reached Rs 197.7 trillion on Thursday, against India's nominal GDP of Rs 190 trillion during 12 months ended December 2020
With the customer spoilt for choice, the option for the banking industry in the new decade is between going digital or dying
Tata Consultancy Services (TCS) hit a record high of Rs 3,127.55 apiece in the intra-day trade and closed 3 per cent higher ahead of the announcement of Q3FY21 results
Biggest contraction since 1952; investments may decline by 14.5%
Spending on health is improving gradually in India, even though it has not grown substantially from its level of 1% of GDP
The economic recovery thus far has vindicated the government's approach to minimising the impact of the pandemic
The budget-making exercise offers golden opportunities despite challenges