Q3 GDP: India growing again, but vaccination critical for services sector
After reporting two consecutive quarters of drop in GDP and GVA, India’s growth is again in beneficial territory in quarter ending December 2020 with GVA and GDP growth at 1% and .4% respectively. This is in sharp distinction to the problem in quarter ending June 2020 and September 2020 when GDP growth was (-) 22.2% and (-) 4.2% respectively. What describes the improvement?
Expansion impulse is led by construction sector which described an raise of 6.2% in the preceding quarter soon after slipping by 49.4% in quarter ending June 2020. The quantum change can be far better comprehended from the point that in quarter ending December 2020, construction activity is much more than twice the degree witnessed in June 2020. Same goes for trade, resorts and transport. It much too described a 47.6% drop in quarter ending June 2020. While it still contracted by 7.7% in December 2020 for the
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