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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
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
#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
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
