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Central Statistics Office estimates show government consumption to prop up GDP in second half

The sectors estimated to show the highest growth in the second half are ‘financing, insurance, real estate and business services’ and ‘electricity, gas, water supply and other utility services’, both forecast to grow by 7.1 percent year-on-year

January 09, 2021 / 10:06 AM IST
Central Statistics Office estimates show government consumption to prop up GDP in second half

The government’s advance estimate of real GDP growth in 2020-21 is -7.7 percent. Since we already have the data for the first half of the year, the estimates for the full year indicate that growth in the second half of the fiscal year is pegged at -0.1 percent, year-on-year. It’s a sharp recovery from the contraction of 15.7 percent in the first half of the year, but that’s only to be expected, because the economy was locked down for most of...

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