เคกเฅเคฒเฅ เคเคพเคฏเคตเคพเคฒเคพ เคเฅเค เคเคฎเคพเคฏเฅ เคจเคพ เคเคฎเคพเคฏเฅ เคนเคฎ เคชเคฐ เคเฅเคธเฅ เคเคเคซเฅเคฒเฅเคฏเฅเคเคเคธเคฐ เคเคธเคเฅ เคฐเคฟเคฒเฅเคเฅเคก เคชเฅเคธเฅเค เคเคฐเคเฅ เคนเคเคพเคฐเฅ, เคเฅเค เคฒเฅเค เคฒเคพเคเฅเค, เคเคฐ เคเฅเค เคฒเฅเค เคคเฅ เคเคฐเฅเคกเคผเฅเค เคเคฎเคพ เคฐเคนเฅเค เคนเฅ!
๐45๐ฏ10โค4๐ญ4๐ฅฐ1
๐จ๐๐๐๐๐๐๐ ๐๐ ๐น๐๐๐๐๐ ๐ฎ๐ซ๐ท ๐ต๐๐๐๐๐๐:
1. ๐๐ข๐ ๐ก๐๐ซ ๐๐๐, ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐๐๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก: The recent GDP data outperformed expectations primarily due to a significant 32% year-over-year (YoY) increase in net taxes, attributed to lower subsidy payouts. Gross Value Added (GVA) growth, however, was in line with projections.
2. ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค: The trend of lower subsidies and consequently higher GDP figures is anticipated to persist into the next quarter. This follows a period of increased subsidies in the latter half of the previous fiscal year, setting a high base that is expected to lead to reduced subsidy expenditures in the current period.
3. ๐๐๐๐ญ๐จ๐ซ๐๐ฅ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐๐ซ๐ข๐๐ง๐๐๐ฌ: Agriculture and services sectors grew less than expected, with agriculture impacted by a poor monsoon and reduced food production, and services, particularly IT, also showing weaker growth. These sectors are crucial indicators of private consumption, which explains the observed dip in private consumption growth.
4. ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ญ๐ซ๐๐ง๐ ๐ญ๐ก: The industry sector showcased a robust 10.4% YoY growth, supported by strong performances in manufacturing and construction. However, the growth in profitability was moderate for the listed manufacturing sector, suggesting that unlisted entities, particularly in construction, might be growing at a faster pace.
5. ๐๐๐๐จ๐ฏ๐๐ซ๐ฒ ๐๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐จ๐ง: Recent data challenges the narrative of a K-shaped recovery, showing more evenly distributed growth. Consumption expenditure survey data further supports this view, indicating a broader recovery across sectors.
6. ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐ ๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ: Capital formation has remained strong, with significant contributions from the government, state-owned enterprises, and the private sector. The Incremental Capital Output Ratio (ICOR) dropped to 3.8, indicating the most efficient capital usage in six quarters.
7. ๐ ๐ข๐ฌ๐๐๐ฅ ๐๐ง๐ ๐๐จ๐ง๐๐ญ๐๐ซ๐ฒ ๐๐จ๐ฅ๐ข๐๐ฒ ๐๐ฆ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ: The nominal GDP forecast for FY24 has been revised downward, alongside government expenditure cuts, suggesting a possible underperformance against the fiscal deficit target of 5.9% for FY24. This fiscal discipline, combined with strong growth and declining inflation, suggests less immediate pressure to cut rates. However, the focus on whether the Monetary Policy Committee (MPC) prioritizes GVA or GDP for policy decisions remains, especially given the differing growth trends between these two measures.
1. ๐๐ข๐ ๐ก๐๐ซ ๐๐๐, ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐๐๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก: The recent GDP data outperformed expectations primarily due to a significant 32% year-over-year (YoY) increase in net taxes, attributed to lower subsidy payouts. Gross Value Added (GVA) growth, however, was in line with projections.
2. ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค: The trend of lower subsidies and consequently higher GDP figures is anticipated to persist into the next quarter. This follows a period of increased subsidies in the latter half of the previous fiscal year, setting a high base that is expected to lead to reduced subsidy expenditures in the current period.
3. ๐๐๐๐ญ๐จ๐ซ๐๐ฅ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐๐ซ๐ข๐๐ง๐๐๐ฌ: Agriculture and services sectors grew less than expected, with agriculture impacted by a poor monsoon and reduced food production, and services, particularly IT, also showing weaker growth. These sectors are crucial indicators of private consumption, which explains the observed dip in private consumption growth.
4. ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ญ๐ซ๐๐ง๐ ๐ญ๐ก: The industry sector showcased a robust 10.4% YoY growth, supported by strong performances in manufacturing and construction. However, the growth in profitability was moderate for the listed manufacturing sector, suggesting that unlisted entities, particularly in construction, might be growing at a faster pace.
5. ๐๐๐๐จ๐ฏ๐๐ซ๐ฒ ๐๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐จ๐ง: Recent data challenges the narrative of a K-shaped recovery, showing more evenly distributed growth. Consumption expenditure survey data further supports this view, indicating a broader recovery across sectors.
6. ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐ ๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ: Capital formation has remained strong, with significant contributions from the government, state-owned enterprises, and the private sector. The Incremental Capital Output Ratio (ICOR) dropped to 3.8, indicating the most efficient capital usage in six quarters.
7. ๐ ๐ข๐ฌ๐๐๐ฅ ๐๐ง๐ ๐๐จ๐ง๐๐ญ๐๐ซ๐ฒ ๐๐จ๐ฅ๐ข๐๐ฒ ๐๐ฆ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ: The nominal GDP forecast for FY24 has been revised downward, alongside government expenditure cuts, suggesting a possible underperformance against the fiscal deficit target of 5.9% for FY24. This fiscal discipline, combined with strong growth and declining inflation, suggests less immediate pressure to cut rates. However, the focus on whether the Monetary Policy Committee (MPC) prioritizes GVA or GDP for policy decisions remains, especially given the differing growth trends between these two measures.
๐29โค3๐ฅฐ1
๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
Good News!
Just wait for 30-40 Mins! Making video.
Please don't message me personally till then, it's difficult to reply to all.
Just have patience for 30-40 mins!
๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
Good News!
Just wait for 30-40 Mins! Making video.
Please don't message me personally till then, it's difficult to reply to all.
Just have patience for 30-40 mins!
๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
โค103๐20๐ญ18๐ฅ7๐6๐ฏ3๐ฅฐ1๐1
RBI Grade B 2024 Exam Dates!
https://youtu.be/foyCjXzEM4c
https://youtu.be/foyCjXzEM4c
YouTube
RBI Grade B 2024 Exam Dates!
RBI Grade B 2024 Exam Dates!
Video Prepared By Susheel A Ragade (Ex.Manager, Reserve bank of India)
๐Join Our RBI Telegram Channel : https://telegram.me/RBI2021Interview
๐For Daily Weekly and Monthly Current Affairs(Beepedia)Visit : https://www.ixambee.com/beepediaโฆ
Video Prepared By Susheel A Ragade (Ex.Manager, Reserve bank of India)
๐Join Our RBI Telegram Channel : https://telegram.me/RBI2021Interview
๐For Daily Weekly and Monthly Current Affairs(Beepedia)Visit : https://www.ixambee.com/beepediaโฆ
๐44๐ญ9โค8๐ฅฐ2