India’s Slowing GDP Q4 FY’21

In this week’s #Arthanomics post we analyse Q4 #GDP numbers for #FY20. Q4 GDP growth reduced to 3.1% continuing the declining trend which began in #FY19. 4.2% annual growth in FY20 was the lowest in 11 years and gross #tax#revenue fell to 3.4% of GDP and #FiscalDeficit widened to 4.6% of the GDP. #GFCF contracted by 2.8% and #PFCE slowed by 5.3%. #Exports contracted by more than 3%. #Agriculture and #Mining were the bright spots with 5.9% and record 5.2% growth respectively, on the other hand #Manufacturing declined by 1.4% and #Construction by 2.2%. In April #IIP fell by 38.1% with #Steel and #Cement registering stunning decline of 83.9% and 86% respectively.Thank YouTeam VittarthCredits: Shantanu Thakare & Sunil Kumar Vashisth

#NIBM #vittarth #Arthanomics #LockdownEffect #Economy #slowdown #recession #india #GDP #IIP