Discover and read the best of Twitter Threads about #AchillesHeel

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4QFY20 GDP is 3.1%,Vs market expectations of between 2.2%-2.4%

Overall FY20 GDP is 4.2%,in line with consensus

Positives in 4Q20 are👇
#Agriculture grew 5.9%,Vs 1.6% in 4Q19

#Mining grew 5.2%,Vs minus 4.8% in 4Q19

Power&Gas grew 4.5%,Vs minus
0.7%,QoQ

#GDP #Economy
#COVID19
A moot point worth noting is,govt spending continues to be robust

#PublicAdministration grew 10.1% in 4Q20,Vs 10.9% QoQ and 11.6% YoY

#AchillesHeel is #Manufacturing, which de-grew by 1.4% in 4Q20,Vs minus 0.8% QoQ and minus 2.1%, YoY

#Services held up@4.4% in 4Q20,Vs 5.7% QoQ
#PrivateSector needs to revv up capex,now

That gov has put #Growth over all else&rightfully so,is evident from #FiscalDeficit of Rs 9.36 lakhCr,Vs 7.67 lakhCr,YoY

9.36 lakhCr is #fd of 4.59%,Vs estimate of 3.8%

Good bit is,#CapitalExpenditure by govt was steady@Rs 3.37 lakhCr
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