𝑨𝒏𝒂𝒍𝒚𝒔𝒊𝒔 𝒐𝒇 𝑹𝒆𝒄𝒆𝒏𝒕 𝑮𝑫𝑷 𝑵𝒖𝒎𝒃𝒆𝒓𝒔:
1. 𝐇𝐢𝐠𝐡𝐞𝐫 𝐆𝐃𝐏, 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐆𝐕𝐀 𝐆𝐫𝐨𝐰𝐭𝐡: 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. 𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 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. 𝐒𝐞𝐜𝐭𝐨𝐫𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐕𝐚𝐫𝐢𝐚𝐧𝐜𝐞𝐬: 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. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡: 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. 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧: 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. 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐅𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲: 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. 𝐅𝐢𝐬𝐜𝐚𝐥 𝐚𝐧𝐝 𝐌𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐏𝐨𝐥𝐢𝐜𝐲 𝐈𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬: 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. 𝐇𝐢𝐠𝐡𝐞𝐫 𝐆𝐃𝐏, 𝐄𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐆𝐕𝐀 𝐆𝐫𝐨𝐰𝐭𝐡: 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. 𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 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. 𝐒𝐞𝐜𝐭𝐨𝐫𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐕𝐚𝐫𝐢𝐚𝐧𝐜𝐞𝐬: 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. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡: 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. 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧: 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. 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐅𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲: 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. 𝐅𝐢𝐬𝐜𝐚𝐥 𝐚𝐧𝐝 𝐌𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐏𝐨𝐥𝐢𝐜𝐲 𝐈𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬: 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.
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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!
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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!
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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)
👉Join Our RBI Telegram Channel : https://telegram.me/RBI2021Interview
👉For Daily Weekly and Monthly Current Affairs(Beepedia)Visit : https://www.ixambee.com/beepedia…
Video Prepared By Susheel A Ragade (Ex.Manager, Reserve bank of India)
👉Join Our RBI Telegram Channel : https://telegram.me/RBI2021Interview
👉For Daily Weekly and Monthly Current Affairs(Beepedia)Visit : https://www.ixambee.com/beepedia…
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बच्चो के समय, पैसे, एनर्जी का नुक़सान हुआ उसका क्या? फिरसे पढ़ाई करना मुश्किल है उसी डेडिकेशन के साथ.
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