Just in: India’s real #GDP is estimated to contract by 7.7% in 2020-21, as compared to a growth rate of 4.2% in 2019-20.
- @tragicosmicomic reports
@tragicosmicomic Real GVA (Gross Valued added) at basic prices is estimated at ₹123.39 lakh crore in 2020-21, as against ₹133.01 lakh crore in 2019-20, showing a 7.2% contraction, as per advance estimates by the National Statisical Office.
@tragicosmicomic Only two sectors estimated to record positive #growth in GVA this year: #Agriculture (3.4%) and Electricity, Gas, Water Supply & Other Utility services (2.7%)
@tragicosmicomic The sharpest decline in 2020-21 is expected in Trade, Hotels, Transport, Communication and Services related to broadcasting (-21.4%), followed by Construction (-12.6%), Manufacturing (-9.4%), Financial, Real Estate and Professional Services (-0.8%), as per the advanced estimates.
@tragicosmicomic According to National Statistical Office, Agriculture is set to record positive growth while service sector will be the worst hit
bit.ly/3oqc7q5

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More from @the_hindu

6 Jan
Just in | #WashingtonDC Mayor orders curfew in Nation's capital effective 6 p.m. after protestors aiming to undermine election, storm Capitol.
- AP
Members of #Congress inside House chamber told by police to put on gas masks after tear gas dispersed in Capitol Rotunda.
- AP
The #USCapitol locked down Wednesday with lawmakers inside as violent clashes broke out between supporters of President #DonaldTrump and Police.
bit.ly/3pVeh1d
Read 16 tweets
5 Jan
Just In | U.S. Ambassador Kenneth Juster giving farewell address. "Indo U.S. close coordination has been important as India confronts, perhaps on a sustained basis, aggressive Chinese activity on its border."
Also Mr. Juster speaks of "frictions and frustrations" in trade relations. "Despite persistent efforts, we were unable to conclude even a small trade package."
"Moreover, there are growing restrictions in India on market access for certain U.S. goods and services, increasing tariffs, new limitations on the free flow of data, and a less-than-predictable regulatory environment for investors."
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5 Jan
Just In | Active cases are below 2.5 lakh after six months; number of daily deaths less than 300 for 11 consecutive days; cumulative positivity rate is 5.87% and positivity rate during last week was 1.97%: Health Secretary Rajesh Bhushan.
Daily positivity rate remains below 3% since December 23. Average recovered cases exceeded average daily new cases (for last five weeks). There has been a continuous decline in active cases, now below 2.5 lakh.
Mid September the number of cases were 10 lakh, Jan 2: 2.5 lakh. Present status of active cases: only 43.96% cases are in hospitals, the rest are in home isolation.
Read 8 tweets
5 Nov 20
Just In | Addressing the Virtual Global Investor Roundtable, Prime Minister #Narendra Modi says that investors are moving towards countries that have a higher environmental, social and governance score. India already has companies that rank high on these. via @tragicosmicomic
@tragicosmicomic "We have one of the lowest tax rates, a new regime to incentivise manufacturing, a new labour regime balancing the interest of workers and Ease of Doing Business for the employers and a faceless resolution of income tax matters," PM #NarendraModi said.
@tragicosmicomic "Our government has taken various steps to enable private enterprise to flourish. We brought down the share in public sector undertakings below 51%, introduced policy regime for private participation in new sectors like coal, atomic energy, defence and railways," PM #Modi said.
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5 Nov 20
#USElection2020 | Which States are still counting #votes and when will they be done?

Read below for the state of play in five key states bit.ly/3jTFRIP
1. #Alaska offers 3 electoral votes where #Trump has a wide lead and is expected to carry the State

bit.ly/34RJqer
2. In Georgia, #Trump is holding onto a narrow lead. Secretary of State Brad Raffensperger said he hoped to have a result by the end of Wednesday.
Read 6 tweets
18 Jul 20
Just in | Pawan Khera at Congress Press Conference: The BJP has conceded in front of the nation that they were indeed trying to buy legislators in Rajasthan. And now after conceding to the crime their complaint is why were their phones tapped. | @SobhanaNair reports.
@SobhanaNair "In the course of the past week, we have all witnessed the daylight murder of democracy in Rajasthan. BJP stands exposed. In today's PC, BJP openly admitted murdering democracy in Rajasthan. And their complaint is when they were murdering they were being recorded."
@SobhanaNair "SOG proceeded to Manesar last night. For the first time in history police of another state actively blocked Rajasthan Police and surreptitiously allowed the MLAs to escape through back door. BJP used Manohar Lal Khattar government to thwart an ongoing investigation": Pawan Khera
Read 4 tweets

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