GDP Data: Looking back to see where we are!
Lot of ground to cover?
1. GDP is less than 2018-19. Higher by 2.39% from 2017-18. Nearly Static over 4 years.
2. PFCE is less than 2017-18. Consumers, the biggest contributors are struggling.
@SahilKapoor @dugalira @CafeEconomics
3. Govt. Final Cons Exp up by a CAGR of 3.75% over 4 years. Less than last year.
4. GFCF is less than 2018-19. CAGR of 0.82% over 4 years.
5. Inventory significantly less than 2018-19. Does it say something about business confidence?
6. Always lumpy. But not a great picture. Last quarter was one of the best. This is one of the two worst quarters in 4 years.
My biggest worry is: Are we in structurally slow state?
#India #GDP #GDPgrowth
Exports are doing well. CAGR is 4.95% - Not bad at all as the global economy is is going through a tough phase.
Imports are growing too. CAGR of 1.67%. Net Exports bring about a +ve impact on GDP.
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