State GSDP Numbers Might Undergo Revision: SBI Research
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
SBI Research Report
Almost all major states have announced their ‘State Budget 2021-22’. At all India level, National Statistical Office has estimated 8.0% contraction in real terms and 3.8% contraction in nominal terms for FY21.
States have also put forward their estimates for FY21. To validate the states’ gross state domestic product estimates for FY21, we have created our own estimates based on simulation of last few years states GSDP data based on the share of states in GDP of India.
We have two observations to ponder over.
First, for some states (West Bengal, Uttar Pradesh, Madhya Pradesh, Karnataka and Tamil Nadu) we have found that there is significant gap between our estimates and revised estimates provided by these states for FY21.
On the other hand states like Rajasthan, Jharkhand, Odisha and Kerala are representing more realistic picture of their economies.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.