GJ Town India

Advance Estimates of GDP of 2020-21  released by National Statistics Office The National Statistics Office (NSO), India released the first Advance Estimates (AE) of GDP for the year 2020-21. The real GDP at 2011-12 prices in 2020-21 has been estimated to contract by 7.7 per cent and nominal GDP at current prices by 4.2 per cent.   As per quarterly estimates of NSO, real GDP contracted by 15.7 percent in first half of 2020-21. Real GDP on a quarter-on-quarter basis grew at 21 percent from Q1: FY 2020-21 to Q2: FY 2020-21. The AE of 2020-21reflects continued resurgence in economic activity in Q3 and Q4, which would enable the Indian economy to end the year with a contraction of 7.7 percent.   The continuous quarter-on-quarter growth endorses the strength of economic fundamentals of the country to sustain a post-lockdown V-shaped recovery. On the demand side, real GDP in 2020-21 has been supported by an estimated increase in Government Consumption Expenditure by 5.8 percent....

GDP Q2 a positive signs for India’s Economic prospects in the coming quarters The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation released the estimates of Gross Domestic Product (GDP) for the second quarter (July-September) Q2 of 2018-19. As per the CSO, growth rate estimates of GDP at Constant Prices for July-September 2018 stand at 7.1%.   These estimates represent a sizable jump from last year’s Q2 growth rate estimates of 6.3%, indicating sustained acceleration in India’s economic growth. The CSO estimates state that GDP at constant prices was Rs. 33.98 lakh crores for Q2, 2018-19, which is a marked increase from of Rs31.72 lakh crores and Rs29.79 lakh crores for the same period in 2017-18 and 2016-17, respectively. Welcoming this development, Dr Bibek Debroy, Chairman of the Economic Advisory Council to Prime Minister (EAC-PM) attributed this positive trend to government’s successful policy efforts in maintaining a stab...