Mar 11, 2022
India’s smart agriculture is more efficient instead of traditional agriculture methods. The pandemic has increased the number of uses for th
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India’s smart agriculture is more efficient instead of traditional agriculture methods. The pandemic has increased the number of uses for th
GVA, manufacturing in free fall for six quarters
The Gross Value Added (GVA) growth numbers for the economy paints a grim picture with a free fall from Q1 of 2018-19 when it was 7.7 percent to the current number of 4.3 percent in Q2 of 2019-20.
The precipitous fall in GVA growth rates is alarming for the economy as a whole and the manufacturing sector in particular.
According to quarterly estimates of Gross Value Added (GVA) for the second quarter (July-September), Q2 of 2019-20 registered a growth of 4.3 percent compared to 6.9 percent in the Q2 of 2018-19, the corresponding period last year. This marks a steep drop in growth rates within a one year period.
Growth in the second quarter has come in below RBI's estimate of 7.4%
India GDP Growth At 3-year Low
India GDP Growth At 3-year Low
India’s economic growth slowed to its lowest level in three years during the June quarter as activity was impacted by the roll out of the Goods and Sales tax in an economy that continued to reel under the strain of the government’s shock demonetization move from last November. Gross domestic product grew 5.7 percent year-on-year in the June quarter, preliminary data from the Central Statistics…
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