Has the Indian economy rocketed back to positive growth? Which are the sectors that have revived faster? Which are the laggard sectors? What has been the pace of infrastructure project execution? How far is the manufacturing sector from reaching pre-Covid levels?
The national income statistics will offer cues on some of these questions.
The NSO (National Statistical Office) will release gross domestic product (GDP) growth estimates for the third quarter (October-December) 2020-21 on February 26. Here are three things to watch out for in the data.
Will Indian GDP Back to Positive?
India had slipped into a technical recession during July-September when gross domestic product (GDP) fell for two successive quarters.
India’s real or inflation-adjusted GDP shrank 7.5 percent during July-September this year, confirming fears of a crippling slide across several industries and services that continue to bleed profusely through multiple deep cuts caused by Covid-19-induced disruptions.
This contraction came on the back of a nearly 24 per cent fall in April-June.
Many analysts have placed high chances on India’s real GDP growing at more than 0 per cent in October-December 2020, marking a return to a positive trajectory after two quarters of a deep slide.