Revising FY22 GDP Estimates To 7.9% - Impact Of Any Possible Third Wave Could Be Minimised: SBI Research
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SBI Research Report
As against National Statistical Office imputed estimate of decline of 1.0%, the Q4 FY21 gross value added clocked growth of 3.7%.
With this the full year GVA contraction also improved from 6.5% to 6.2%, compared to 4.1% growth in FY20.
The more than anticipated growth in Q4 is primarily due to double-digit growth in construction (14.5%) and improvement in all other sectors including reversal of decline in ‘public administration, defence and other services’ to growth.
The real gross domestic product for FY21 in the provisional estimates has been revised upwards to Rs 135.13 lakh crore from Rs 134.09 lakh crore as per the second advance estimates.
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