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    GDP Note

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    Saurabh Singh
    India's economy grew by 13.5% in the first quarter of the current fiscal year, which is less than the RBI's projection of 16.2%. Key sectors like manufacturing, mining, and construction showed decelerating growth compared to the previous year. However, sectors like services, financial services, and public administration posted strong double-digit growth rates. Several core industries like steel, petroleum, and electricity generation saw increased production in July 2022 compared to the previous year, while crude oil and natural gas production declined slightly. The Finance Minister will review the state of the economy amid global challenges at an upcoming meeting, as states have committed to meeting the fiscal deficit target for the current year.

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    GDP Note

    Uploaded by

    Saurabh Singh
    37 views6 pages
    India's economy grew by 13.5% in the first quarter of the current fiscal year, which is less than the RBI's projection of 16.2%. Key sectors like manufacturing, mining, and construction showed decelerating growth compared to the previous year. However, sectors like services, financial services, and public administration posted strong double-digit growth rates. Several core industries like steel, petroleum, and electricity generation saw increased production in July 2022 compared to the previous year, while crude oil and natural gas production declined slightly. The Finance Minister will review the state of the economy amid global challenges at an upcoming meeting, as states have committed to meeting the fiscal deficit target for the current year.

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    India's economy grew by 13.5% in the first quarter of the current fiscal year, which is less than the RBI's projection of 16.2%. Key sectors like manufacturing, mining, and construction showed decelerating growth compared to the previous year. However, sectors like services, financial services, and public administration posted strong double-digit growth rates. Several core industries like steel, petroleum, and electricity generation saw increased production in July 2022 compared to the previous year, while crude oil and natural gas production declined slightly. The Finance Minister will review the state of the economy amid global challenges at an upcoming meeting, as states have committed to meeting the fiscal deficit target for the current year.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    37 views6 pages

    GDP Note

    Uploaded by

    Saurabh Singh
    India's economy grew by 13.5% in the first quarter of the current fiscal year, which is less than the RBI's projection of 16.2%. Key sectors like manufacturing, mining, and construction showed decelerating growth compared to the previous year. However, sectors like services, financial services, and public administration posted strong double-digit growth rates. Several core industries like steel, petroleum, and electricity generation saw increased production in July 2022 compared to the previous year, while crude oil and natural gas production declined slightly. The Finance Minister will review the state of the economy amid global challenges at an upcoming meeting, as states have committed to meeting the fiscal deficit target for the current year.

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    GDP GROWTH

    NOTE
    OF Q1
    PERFORMANCE

    PRESENTED BY
    MAJOR OVERVIEW
    India's economy grew by 13.5 per cent in the

    April-June period this fiscal

    The first quarter growth at 13.5 per cent is less

    than the RBI's projection of 16.2 per cent

    Gross Value Added (GVA) grew by 12.7 per cent

    to Rs 34.41 lakh crore in April-June this year

    GVA growth in the farm sector is 4.5 per cent in

    the first quarter compared to 2.2 per cent a year

    ago.
    CONTINUE
    GVA growth in the manufacturing sector decelerated sharply to 4.8 per
    cent during the quarter
    GVA growth in mining is 6.5 per cent in the quarter compared to 18 per
    cent
    GVA in the construction sector also decelerated to 16.8 per cent in the
    quarter from 71.3 per cent
    The electricity, gas, water supply and other utility services segment grew
    by 14.7 per cent
    GVA growth in the services sector -- trade, hotel, transport,
    communication and services related to broadcasting -- was 25.7 per cent
    Financial, real estate and professional services grew by 9.2 per cent in the
    first quarter
    Public administration, defence and other services posted 26.3 per cent
    growth
    The NSO stated that the Nominal GDP or GDP at Current Prices in Q1
    2022-23 is estimated at Rs 64.95 lakh crore.
    CORE INDUSTRIES REVIEW
    CRUDE OIL CEMENT PRODUCTION ELECTRICITY GENERATION

    Crude Oil production decreased by 3.8 per Cement production increased by 2.1 per Electricity generation increased by 2.2 per
    cent in July 2022 over July 2021. Its cent in July 2022 over July 2021. Its cent in July 2022 over July 2021. Its
    cumulative index declined by 0.5 per cent cumulative index increased by 13.3 per cumulative index increased by 13.1 per
    from April to July 2022-23 over the cent from April to July 2022-23 over the cent from April to July 2022-23 over the
    corresponding period of the previous year. corresponding period of the previous year. corresponding period of previous year.

    STEEL PETROLEUM REFINERY PRODUCTS NATURAL GAS

    Steel production increased by 5.7 per cent Petroleum Refinery production increased Natural Gas production declined by 0.3 per
    in July 2022 over July 2021. Its cumulative by 6.2 per cent in July 2022 over July 2021. cent in July 2022 over July 2021. Its
    index increased by 6.5 per cent from April Its cumulative index increased by 11.7 per cumulative index increased by 3.5 per cent
    to July 2022-23 over the corresponding cent from April to July 2022-23 over the from April to July 2022-23 over the
    period of the previous year. corresponding period of the previous year. corresponding period of previous year.
    GROWTH OPINION
    FINANCE MINISTER FISCAL DEFICIT OF STATES FACTORS BEHIND DOUBLE-DIGIT
    Finance Minister Nirmala Sitharaman will review the Many Indian states have committed to EXPECTATIONS
    state of the economy amid global and domestic meeting the FY 23 fiscal deficit target of The resumption of activity in India’s
    challenges at a meeting of the Financial Stability and
    3.61 per cent, a report by the economists services sector, following the lifting of
    Development Council (FSDC), scheduled on September
    of Bank of Baroda said. In FY23BE, the 21 pandemic curbs, and exports added to the
    15. The 26th meeting of the high-level panel to be held in
    Mumbai will be attended by all financial sectoral
    states analysed have budgeted to meet momentum of expected double-digit
    regulators, including RBI Governor Shaktikanta Das, PTI the fiscal deficit target, down from 3.71 growth.
    sources said per cent in FY22RE.

    INCOME AND WAGES STATES' BORROWING COST STATE OF ECONOMY

    The public sector contributes only 20 per cent to the A report said that India's headline GDP
    States' borrowing cost fell for the second
    national income but accounts for nearly 40 per cent growth has been strong and even
    consecutive week on Monday, with the
    of the total wages, a report by a domestic rating accelerating but weak social progress,
    weighted average cut-off easing by 4 bps to
    agency said on Monday. The average share of the rising inequality and a lack of convergence
    7.67 per cent from 7.71 per cent in the last
    public sector in gross value added for the ten years across regions suggest that this growth
    auction when it slid by 7 bps. The yield on the
    ending FY21 is 19.2 per cent but the share in wages has failed to translate into the expected
    benchmark 10-year G-secs also declined in
    is 39.2 per cent, improvements in quality of life for many
    the week by 4 bps to 7.23 per cent from 7.27
    Indians
    per cent last Tuesday, Icra Ratings said.
    THANK YOU

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