The share of the ‘Financial services, real estate and professional services’ sector has improved sharply
The gross value added (GVA) by agriculture has grown 4.5 percent in Apr-Jun FY22 when compared to FY21. In Apr-Jun FY21 the sector had reported a growth of 3.4 percent on-year.
Thanks to the note ban, the economy based on the gross value added (GVA) is set to slip to 6.2 percent in the December quarter from 6.9 percent a year ago, and GDP growth will decline to 6.5 percent from 7.2 percent, said domestic rating agency Icra today.
Domestic rating agency Icra has estimated the GDP growth to remain flat at 7.2 per cent in the first quarter under the gross value added (GVA) calculation, thanks to an uptick in the industrial sector negating the decline in services and farm sectors.
The NDA government has developed web-based farmers portal and mobile-based mKisan SMS portal, besides disseminating information to farmers through Kisan Call Centers and DD Kisan Channel, the minister said.
India's real economy, as measured by the Gross Value Added (GVA), is likely to expand by 7.6 percent in 2016-17 due to improvement in farm and industry sectors, said an RBI-sponsored survey of professional forecasters
The government will release the growth numbers for the fourth quarter and the full year next week.
According to the Japanese financial services major, the ongoing diversification in the agriculture sector has reduced volatility in agriculture output and farm incomes.
According to the Japanese brokerage firm, gross value added (GVA) growth has marginally undershot the RBI's 7.4 percent projection in the financial year 2015-16, supporting the case for a rate cut.
Output growth, measured using GVA, is likely to improve marginally in 2015-16 and further in 2016-17 and quarterly growth projections for the next five quarters indicate that growth is likely to peak in July-September period of 2016-17
Raghuram Rajan says a lot of cleaning up has been done to remove some of the legacy issues. He feels power sector reforms and cleaning up of balance sheets will help unclog some sectors
In terms of sectors, agriculture is expected to see a slowdown on a QoQ basis possibly because of the lesser or deficit monsoon. It is hence expected to come in at around 1.1% and the range is anywhere between 0.5% and 2% this time.
To discuss whether there is there a deep disconnect between Kolkata and its youth CNBC-TV18's Ronojoy Banerjee is joined by an excellent panel of entrepreneurs at the Au Bon Pain Cafe at Park Street.
"Private investment comes when you have infrastructure development," Mitra says in an interview to CNBC-TV18, adding that capital expenditure has risen more than six-fold to Rs 13,325 crore since the time Trinamool Congress came to power in 2011
According to the JP Morgan report, the CSO could have inadvertently reduced the growth number because of deflating indirect taxes by more than what was correct
GVA is defined as output minus intermediate consumption. It is a balancing item of the national accounts' production account.
HSBC'S chief India economist Pranjul Bhandari also says upfront spending by the government might lose steam in the latter part of the year
On GVA, taxes are added and subsidies are subtracted to get GDP.
Post the GDP number of 7.3 percent for last year and today's PMI and core sector data. What are economists saying about the growth prospects this year? Manasvi Ghelani finds that economists are deeply divided. Half of them see growth improving to 8% this year; the other half see a repeat of 7.5% tally. Here's her report.
Even as fourth quarter GDP for the Indian economy came in at 7.5 percent, a data point that stood out is gross value added (GVA): at 6.1 percent growth.
According to Dun & Bradstreet, the partial unclogging of domestic policy logjam, focus on public investments in infrastructure, fall in food inflation and lower fuel prices along with improving income growth is likely strengthen aggregate demand.