Discover and read the best of Twitter Threads about #vshapedrecovery

Most recents (4)

Gita Gopinath says,India to become $4 trillion by 2024-25,which is excellent,despite a debilitating pandemic

#LargestVaccineDrive under #PMModi is working wonderfully well

My thread on #EconomicSurvey2022,which shows,Growth,under @narendramodi govt,is on track

#VShapedRecovery
Industrial growth estimated at 11.8% &Services at 8.2% in FY22 show how Economy under @narendramodi is ready to fire on all cylinders

Most Growth Parameters are back to pre-Pandemic levels,as India heads into #UnionBudget2022

#GDP&GVA growth 1.3%&1.9% over Pre #COVID19 levels
#EconomicSurvey shows,be it Operationalisation of Airports or Spread of Bank Branches, @narendramodi govt has truly transformed India,with financial inclusion getting top priority

India set to be Fastest growing for next 2yrs as per IMF,thx to bold reforms by #PMModi
#Modinomics
Read 7 tweets
.@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%
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
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
Read 10 tweets
📢 thread: 12 reasons to be cheerful about the UK #economy in 2021🎄

I know 2021 will be another tough year for many people and businesses, but I’m aiming here to provide some counterbalance to the more negative commentary you can easily find elsewhere...
1. The household sector (in aggregate) has built up substantial #savings during the pandemic that could be used to fuel a strong recovery in #consumer spending. Obviously, the distribution is uneven and much still depends on confidence. But…
2. Consumer ##confidence jumped by the most in eight years in December on the good news on the #vaccine. Even in November, households were the least pessimistic about #job security since March, despite the grim headlines...
Read 14 tweets
Three reasons why I expect a #vshapedrecovery in the UK economy, using the analogy of a car...

1. Activity slumped in March in April because #Covid slammed on the brakes. Now the foot is off: the #lockdown is being lifted and consumers are regaining confidence to spend again...
2. The car was in pretty good condition before the pandemic struck. In particular, the UK’s relatively flexible economy and labour markets are good at creating #jobs to replace those that are lost (#unemployment was <4% at the start of 2020, compared to >7% in the euro area)...
3. Most commentators seem to be looking in the rear mirror – e.g. at Q2 #GDP, or how many people have been on #furlough. But more timely surveys and hard data show that the speedometer is gradually climbing. And there is a tank full of pent-up demand.
Read 3 tweets

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