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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. 
