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GDP contracts by 7.3% in 2020-21


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For the financial year 2020-21, GDP growth was at -7.3% as compared to 4 percent in 2019-20, stated government data. The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20, according to data released by the National Statistical Office (NSO).
Meanwhile, India s economy grew by 1.6 per cent in the fourth quarter of 2020-21, official data showed on Monday.
The fourth quarter growth was better than the 0.5 per cent expansion in the previous October-December quarter of 2020-21.
The NSO had projected a GDP contraction of 7.7 per cent in 2020-21 in its first advance estimates of national accounts released in January this year. ....

Ministry Of Statistics Programme Implementation , National Statistical Office , Gross Domestic Product , அமைச்சகம் ஆஃப் புள்ளிவிவரங்கள் ப்ரோக்ராம் செயல்படுத்தல் , தேசிய புள்ளிவிவர அலுவலகம் , மொத்த உள்நாட்டு ப்ராடக்ட் ,

Double trouble of stagflation looms large- The New Indian Express


Double trouble of stagflation looms large 
However, with the pandemic rearing its head again and our vaccination drive faltering, stagflation is indeed a real threat.  
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EXPRESS ILLUSTRATION
Monday opened with double trouble. Data released by the Ministry of Statistics & Programme Implementation showed that retail inflation, measured by the Consumer Price Index (CPI), advanced to 5.52% for March from 5.03% in February. Simultaneously, factory output, reflected in the Index of Industrial Production (IIP), contracted by 3.6% for February compared to a year ago, falling to 129.4. This is a big fall considering IIP had grown 5.2% in the corresponding month of February 2020. For the 11 months of FY2021, the industrial sector has contracted 11.3%, as compared to the marginal growth of 1% registered for the corresponding period of FY2020.  ....

Ministry Of Statistics Programme Implementation , Programme Implementation , Consumer Price Index , Industrial Production , அமைச்சகம் ஆஃப் புள்ளிவிவரங்கள் ப்ரோக்ராம் செயல்படுத்தல் , ப்ரோக்ராம் செயல்படுத்தல் , நுகர்வோர் ப்ரைஸ் குறியீட்டு , தொழில்துறை ப்ரொடக்ஶந் ,