GVA Growth

Absence of updated numbers raises some questions on non-crop estimates

While GDP measures the total value of products and services a country manufactures or delivers, GVA measures the value added to product in order to enhance their worth

13.5% expansion in June QTR despite low base; GVA at basic prices up 12.7%

With FY22 starting on a somber note and sporadic lockdowns in Maharashtra and some other states, CARE Ratings believes the overall production and consumption would be affected

The disconcertingly sharp new wave of Covid-19 cases has reignited uncertainty regarding the economic outlook in the immediate term

While many contemporary economists seem to have lost interest in economic history altogether, those born before 1980 have turned most unbecomingly partisan

Experts said this did not indicate that there was a turnaround in manufacturing, as it continued to contract in volume terms

Recent performance of the sector points to underlying inertia, which has translated into greater dependence on imports to meet growing domestic demand

For the 'electricity, gas, water supply and other utility services' sector, GVA grew by 3.6 per cent against 8.7 per cent

The IMF projected the growth rate at 7% for FY20, while the World Bank saw it at 7.5%

Growth in livestock, forestry and fishing also seems to have played a big role in pushing the growth in the first quarter of 2018-19

This rise in the wage share, in the face of limited employment growth, implies that wages per worker are rising

The growth of the GVA at basic prices is expected to record an even sharper pickup to 6.9 percent in Q2 FY2018

Risks to the RBI's GVA growth forecast of 7.3% this fiscal are clearly tilted to the downside

Growth will be driven by consumption but reduction in lending rates should support investment demand