Thursday, August 18, 2022

ਵਾਹਿਗੁਰੂ

spot_img











India exits recession, GDP grows by 0.4%

New Delhi, Feb 26, 2021-
India has officially exited the technical recession phase that was brought about by the Covid-19 pandemic. Accordingly, official data on Friday showed that the country’s Q3FY21 GDP grew by 0.4 per cent. Though not comparable, the GDP had grown by 3.3 per cent in the corresponding quarter of FY2019-20.

India had entered technical recession after its GDP consistently remained in the negative output territory for two subsequent quarters. Notably, the Q2FY21 GDP on a year-on-year basis had contracted by 7.3 per cent from (-)24.4 per cent in the preceding quarter.

The economy was hit hard last year by the lockdown imposed to curb the spread of Covid-19. As such, mobility restrictions mandated under the lockdown led to the contraction at this scale.

It was only on June 1 that the partial unlock measures were implemented.

As per the National Statistical Office (NSO), the growth in GDP during 2020-21 is estimated to contract by 8 per cent as compared to a growth of 4 per cent in 2019-20.

“The real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2020-21 is estimated to attain a level of Rs 134.09 lakh crore, as against the ‘First Revised Estimate of GDP’ for the year 2019-20 of Rs 145.69 lakh crore, released on January 29, 2021,” the NSO said in its estimates of Q3FY21 GDP.

“The measures taken by the government to contain the spread of the Covid-19 pandemic have had an impact on the economic activities,” it said.

In terms of quarterly Gross Value Added (GVA), the NSO data showed a year-on-year rise of 1 per cent from (-)7.3 per cent in Q2FY21.

The GVA includes taxes, but excludes subsidies. (Agency)

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected

30,274FansLike
113,974FollowersFollow

ENTERTAINMENT

National

GLOBAL

OPINION

The importance of rights of the nation – by Seema Singh

As we celebrate 75 years of Independence, it is a high time to introspect and contemplate about the gains and losses we made in...

Gilli-Danda: Comeback of 75 indigenous sports – by Narvijay Yadav

Under the ‘Azadi Ka Amrit Mahotsav’ the central government has stepped up the plan to introduce 75 indigenous sports in all schools. The popular...

Is the world sliding into a Chernobyl-plus nuclear disaster in Ukraine? – by Sergei Strokan

New Delhi, Aug 13, 2022- Tensions around the Zaporozhye nuclear power plant in Ukraine reached a climax by the weekend, after three more missiles...

SPORTS

Health & Fitness

Rise in pregnancy-related complications during Covid pandemic

New York, Aug 13, 2022- Covid-19 has caused unprecedented stressors as a new study showed a rise in pregnancy-related complications during the pandemic. The study, published in the journal JAMA Network Open, assessed how pregnancy-related complications and obstetric outcomes changed during Covid compared to pre-pandemic. Looking at the relative changes in the mode of delivery, rates of premature births and mortality...

Gadgets & Tech

error: Content is protected !!