Thread by @Sanju_Verma_

.@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

WPI came at 10.49% in April 2021,due to #BaseEffect,given that WPI in April'20 was minus 1.57%

Narrative that GDP growth slowed down even before #COVID19,in India,due to policies of @narendramodi gov,is false

GDP growth in 2019-20 slowed down globally,due to US-China #TradeWars

In fact right from 2018-2019 #GlobalGrowth started tapering off in large pockets of the world due to great #AutoSlowdown in #Germany, which rapidly spread to Europe &Japan,setting off a chain reaction

That was followed by massive dip in global trade,post US-China #Trade Standoff

Hence ignoramuses who claim all was fine with the world,before #COVID19 struck,have lost the plot

World has been seized by problems like Auto Slowdown&Trade Wars for last 3 yrs&despite that,India has done far better than global peers

BIG news is #IIP growth of 22.4% in March'21

#Manufacturing accounts for more than 75% of #IIP&saw solid growth of 25.8% in March 2021, from 2.1% growth in Feb&fall of 22.8% in March 2020💪

Similarly,#Mining,which accounts for over 14% of IIP,grew 6.1% in March, Vs 4.3% dip in Feb&1.3% fall in March 2020💪
#VShapedRecovery

Again,growth in #Electricity output stood at 22.5% in March 2021,Vs fall of 8.2% in March 2020

#ConsumerDurables saw sharp expansion of 54.9% in March 2021,from (-)36.8% in March 2020

Sharp rise in all variables in March 2021,endorses V shaped recovery under @narendramodi govt

#CapitalGoods output,which reflects Private sector #Investment, grew 41.9% in March 2021,Vs (-) 38.8% in March 2020

Limited point is this--India had record #AgriOutput of over 303mn tonnes in FY21,#Industrial activity picking up,11000km of Roads/#Highways built,despite #COVID19

So while India's GDP growth fell by 7.3%,on positive side👇

FDI inflows surged to $82bn in FY21

For 7 months in a row GST Revenues were Rs 1 lakh Cr+

Farmers given Rs 1.35 lakh Cr via #PMKisan

MSMEs given cheap loans via ECLGS

Health workers given insurance of 50 Lakh each