Discover and read the best of Twitter Threads about #IIP
Most recents (4)
.@INCIndia trolls elated at minus 7.3% GDP growth in FY21,forgetting this was a #Pandemic year,in fact the worst pandemic in 102yrs
Good News in 4Q👇
GDP growth was 1.6% despite consensus of minus 1.4%
GVA growth was 3.7% Vs consensus of 2.6%
Industrial growth was solid 6.9%
Good News in 4Q👇
GDP growth was 1.6% despite consensus of minus 1.4%
GVA growth was 3.7% Vs consensus of 2.6%
Industrial growth was solid 6.9%
In fact,both in Q3&Q4FY21,India reported positive GDP&GVA growth
Industrial growth also was +ve for 2 qtrs in a row at 1.7%&6.9%
Agricultural growth has been a positive 3%+ in every single qtr,in last 4 qtrs
Construction growth has been a massive 6.5%&14.5% in Q3&Q4
#Economy
Industrial growth also was +ve for 2 qtrs in a row at 1.7%&6.9%
Agricultural growth has been a positive 3%+ in every single qtr,in last 4 qtrs
Construction growth has been a massive 6.5%&14.5% in Q3&Q4
#Economy
Some channels conveniently showing how WPI under @narendramodi govt has risen sharply,to 10.49% in April 2021
It is not #WPI but #CPI that matters& #RetailInflation measured by CPI was just 4.2% in April,with food inflation at 2.02%&Vegetable Inflation at minus 14.18%
#Economy
It is not #WPI but #CPI that matters& #RetailInflation measured by CPI was just 4.2% in April,with food inflation at 2.02%&Vegetable Inflation at minus 14.18%
#Economy
A tweet thread:
The monthly @RBI Bulletin is a veritable treasure trove of economic data, albeit retrospective. The October Bulletin was released on 12 Oct: rbi.org.in/Scripts/BS_Vie…
I look at some economic data that shows how #Coronavirus has ravaged the economy.
The monthly @RBI Bulletin is a veritable treasure trove of economic data, albeit retrospective. The October Bulletin was released on 12 Oct: rbi.org.in/Scripts/BS_Vie…
I look at some economic data that shows how #Coronavirus has ravaged the economy.
The GVA decline in Q1 of 2020-21 (Apr to June 2020) was -22.8% overall but Agriculture actually showed a pos growth of +3.4% compared to the 3.0% a year ago in Q1 2019-20. Manufacturing in Q1 2020 declined -33.8% (a one third) reduction!!) and services fell by a Fifth (-19.2%)
A little known economic indicator is Gross fixed capital formation (GFCF). This declined in the April-Jun quarter, wait for it, by nearly HALF, - 47.1%. What is this GFCF? Think of it as investment in the future. 
#RetailInflation in Sep@7.34%,Vs 6.69% in Aug,is due to rise in food price index which rose from 9.05% to 10.68%,MoM
Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
By Dec,#CPI should ease& inflationary pressure will abate,due to #BaseEffect& #Kharif arrivals
Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown
With INR@73.11/$ level,threat of imported inflation is minimal
#CoreInflation at sub 6%,bodes well
#economy
Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown
With INR@73.11/$ level,threat of imported inflation is minimal
#CoreInflation at sub 6%,bodes well
#economy
#IIP contraction in Aug at 8% Vs 10.8% in July,is driven by relatively better numbers from #Mining& #ConsumerNonDurables
After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪
#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪
#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
March #IIP contracts at -0.1% against 0.1% month-on-month
March #IIP data | Mining growth at 0.8% against 2% (MoM)
