Discover and read the best of Twitter Threads about #capitalexpenditure
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Union Finance Minister Smt. @nsitharaman, Governor for India in @ADB_HQ, participated as a panelist in the Governors' Seminar on the theme 'Policies to Support Asia's Rebound', held as part of 56th #ADBAnnualMeeting, in Incheon, South Korea, today. @IndiainROK
(1/11)
(1/11)
Besides FM Smt. @nsitharaman representing as Governor for India, Ms Sri Mulyani Indrawati, Indonesia; Mr Niels Annen, Germany; Mr Changyong Rhee, Republic of Korea; & @ADBPresident and Chairperson of the Board of Directors also participated. @IndiainROK
(2/11)
(2/11)
FM Smt. @nsitharaman stated that protection of vulnerable sections has been India's prime focus as the government charted its course towards #recovery from the #COVID19 Pandemic. @IndiainROK
(3/11)
(3/11)
Union Finance Minister Smt. @nsitharaman and MD IMF Ms @KGeorgieva met during the Spring Meetings of IMF-WB, today, in Washington D.C. (1/7)
MD IMF Ms @KGeorgieva congratulated India on its successful #VaccinationProgramme to control the spread of #COVID19. She also appreciated India for extending #COVID19 relief support to other vulnerable countries. (2/7)
Ms @KGeorgieva highlighted India’s well targeted policy mix that has helped Indian economy remain resilient even with a limited fiscal space. (3/7)
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
