Gdp contracts by 7.3% for FY 2021. India.

[lightoftruth]

https://twitter.com/x/status/1399339129674997761

This is what happens when people have limited understanding of GDP growth rate.

The expected contraction was 10% in IMF reports which predicted 12.5% growth.

In the first quarter of this fiscal, the economy had shrunk
24.4 per cent. However, due to spurt in economic activities in the second quarter, GDP decline had narrowed to 7.3 per cent.Economy officially exited the recession phase in the third quarter in December 2020.

Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst


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This figure( -7.3%) is of FY 20-21 (COMPLETE LAST YEAR).

This year FY 21-22 we will have double digit GDP Growth undoubtedly.

 

[Maira La]

This year FY 21-22 we will have double digit GDP Growth undoubtedly.

Don't cry Pajeet, you will reach triple and 4-ple digit growth this year undoubtedly, Jai Sri Jai Sri.

 

[Indos]

Good too see contraction was only 7.3%.
Earlier it was estimated contraction would be 10.8% but successful Modi economic management ensured contraction rate was 33% less than predicted.

Nomura Expects India GDP To Contract 10.8% In 2020-21

Nomura Expects India GDP To Contract 10.8% In 2020-21 Mahima Kapoor September 01 2020, 1:41 PM A visible collapse in domestic consumption, which led to the steepest decline in gross domestic product in the quarter ended June, prompted Nomura to downgrade India's economic outlook for the ongoing...

defence.pk

Anyways even after taking into account second wave, mighty Indian economy is set to grow by 9.9% as per prominent global org OECD.

Second Covid wave impact: OECD trims India growth forecast for FY22  to  9.9%

The world economy is now experiencing diverging fortunes after being uniformly battered by the pandemic last year, OECD said

www.livemint.com

This is also due to weird South Asian calculate their GDP. Contraction of 10 percent I believe base on January-December period fiscal year which have become the norm of calculating GDP growth rate in many countries.

By using mid term as beginning of fiscal year, India GDP growth get helped from the period of 2021 as this is the period where most nations have shown more improvement in their economy

 

[lightoftruth]

Don't cry Pajeet, you will reach triple and 4-ple digit growth this year undoubtedly, Jai Sri Jai Sri.

We are talking about double digit growth in multi trillion dollar economy,

You lungis should know where to talk...

 

[Maira La]

We are talking about double digit growth in multi trillion dollar economy,

You lungis should know where to talk...

Already a GDP/capita ($1877) less than BD's, with a contraction on top of that you pajeets are heading for new levels of poverty.

Soon you will cross the border to clean latrines. Your neighbors are worried.

 

[lightoftruth]

Already a GDP/capita ($1877) less than BD's, with a contraction on top of that you pajeets are heading for new levels of poverty.

Soon you will cross the border to clean latrines. Your neighbors are worried.

We will never have enough poverty that we have to pole vault into bangladesh to become a rickshaw puller or become a prostitute.

Rest i find it demeaning to compare our economy with lungiland.

 

[Chakar The Great]

Already a GDP/capita ($1877) less than BD's, with a contraction on top of that you pajeets are heading for new levels of poverty.

Soon you will cross the border to clean latrines. Your neighbors are worried.

I remember Indians calling Bangladeshis "termites".

 

[Maira La]

We will never have enough poverty that we have to pole vault into bangladesh to become a rickshaw puller or become a prostitute.

Even a BD rickshaw puller lives better than you slumdogs at this point. India is the largest brothel house you don't ever have to leave your country.

I remember Indians calling Bangladeshis "termites".

Majority Indians live like insects, and the world see them as such.

 

[siegecrossbow]

The Modi government can subsidize burning firewood and increase the wood cost by 1 million percent. This will boost GDP growth as the firewood is needed to burn the dead bodies.

If that happens all the major rivers in India will cease flowing...

 

[Hakikat ve Hikmet]

And, no "Keynesian-style" macro-economic relief for the Indian masses for the Fiscal Discipline is a must for the Parsi/Marwari/Jain etc. tycoons! As for the Hindutva folks, Black Fungus causing cow dung/urine with occasional threat to break mosques and killing Muslims in India should suffice....

I remember Indians calling Bangladeshis "termites".

Now, by the same token, the Indians should be called the Black Fungus....

 

[Saudang]

Let me guess, many of the Pakistani and Chinese are assuming the negative growth to be for calendar year 2021..

If you guys have understood it correctly, then you should be depressed because -7.3 % is better than -10.3%, which was expected to be the decline in number for fy 2020-21

 

[Titanium100]

If that happens all the major rivers in India will cease flowing...

Ganga river is already suffering

 

[CIA Mole]

hope their economy contract again. it is karma for all the evil shit they do

 

[KaiserX]

Indians were bragging about their economy being 3T when under current calculations it is less than half that at 1.4 trillion USD

 

[CIA Mole]

Indians were bragging about their economy being 3T when under current calculations it is less than half that at 1.4 trillion USD

they keep picking fights with neighbors and doing disinformation campaigns on social media.
india is a terrorist state with no shame


but it is supported as long as it obeys the 5 eyes and doesn’t attack the western interests