• Latest
  • Most Read
Economic indicators show the Indian economy has finally defeated the pandemic

Economic indicators show the Indian economy has finally defeated the pandemic

2 years ago
Washington Post leaks the truth about Nijjar’s death

Washington Post leaks the truth about Nijjar’s death

12 hours ago
No, OYO is not the communion spot for horny youngsters!

No, OYO is not the communion spot for horny youngsters!

12 hours ago
IAS Officer who took her dog for a walk in the stadium “Compulsorily Retired”!

IAS Officer who took her dog for a walk in the stadium “Compulsorily Retired”!

12 hours ago
AFSPA re-imposed in Manipur after several months!

AFSPA re-imposed in Manipur after several months!

12 hours ago
The sad, tragic journey of Justin Trudeau

The sad, tragic journey of Justin Trudeau

17 hours ago
Sanath Jayasuriya, the greatest all-rounder who never got his due

Sanath Jayasuriya, the greatest all-rounder who never got his due

17 hours ago
Canada learns diplomacy the “Jaishankar Way”

Canada learns diplomacy the “Jaishankar Way”

17 hours ago
PM Modi kicks off the election campaign in style

PM Modi kicks off the election campaign in style

18 hours ago
How TVS transformed from a truck maker to a motorcycle giant

How TVS transformed from a truck maker to a motorcycle giant

2 days ago
“Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

“Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

2 days ago
Trudeau’s woes deepen with India’s interest in Quebec

Trudeau’s woes deepen with India’s interest in Quebec

2 days ago
Jaishankar’s Agenda: Redefining the Global Order from Bharat

Jaishankar’s Agenda: Redefining the Global Order from Bharat

2 days ago
Lauki Soup health benefits

Discovering Wellness: 9 Health Benefits of Bottle Gourd (Lauki) Soup

3 days ago
The fate of Munger and Modinagar awaits Sivakasi

The fate of Munger and Modinagar awaits Sivakasi

3 days ago
Kaya Scodelario films to watch

Discovering the Magic: 10 Must Watch Films of Kaya Scodelario

3 days ago
  • About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Friday, September 29, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    No, OYO is not the communion spot for horny youngsters!

    No, OYO is not the communion spot for horny youngsters!

    IAS Officer who took her dog for a walk in the stadium “Compulsorily Retired”!

    IAS Officer who took her dog for a walk in the stadium “Compulsorily Retired”!

    AFSPA re-imposed in Manipur after several months!

    AFSPA re-imposed in Manipur after several months!

    Sanath Jayasuriya, the greatest all-rounder who never got his due

    Sanath Jayasuriya, the greatest all-rounder who never got his due

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    How TVS transformed from a truck maker to a motorcycle giant

    How TVS transformed from a truck maker to a motorcycle giant

    ASUS to relocate its primary manufacturing hub from China to India

    ASUS to relocate its primary manufacturing hub from China to India

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    Why IKEAs and Urban Ladders could not replace the friendly neighbourhood carpenter

    Why IKEAs and Urban Ladders could not replace the friendly neighbourhood carpenter

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    new CBI director Praveen sood biography

    Who is Praveen Sood the New CBI Director: Professional Background, Achievements and Significance of the Appointment

    Paramjit Singh Panjwar shot dead

    Paramjit Singh Panjwar shot dead: Keep calm and trust the Indian Armed Forces

    Swarm satellites

    India’s Bold Step towards Satellite Swarm Intelligence: A New Era in Space Technology

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Washington Post leaks the truth about Nijjar’s death

    Washington Post leaks the truth about Nijjar’s death

    The sad, tragic journey of Justin Trudeau

    The sad, tragic journey of Justin Trudeau

    Canada learns diplomacy the “Jaishankar Way”

    Canada learns diplomacy the “Jaishankar Way”

    “Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

    “Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    When BR Ambedkar openly challenged the Nizam Shahi

    When BR Ambedkar openly challenged the Nizam Shahi

    From Nizam Shahi to India’s Defender: Lt. Col. Tarapore’s Incredible Story

    From Nizam Shahi to India’s Defender: Lt. Col. Tarapore’s Incredible Story

    Hope Cooke: How an American lady almost snatched our Sikkim from us

    Hope Cooke: How an American lady almost snatched our Sikkim from us

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Sanath Jayasuriya, the greatest all-rounder who never got his due

    Sanath Jayasuriya, the greatest all-rounder who never got his due

    Lauki Soup health benefits

    Discovering Wellness: 9 Health Benefits of Bottle Gourd (Lauki) Soup

    Kaya Scodelario films to watch

    Discovering the Magic: 10 Must Watch Films of Kaya Scodelario

    Brilliant Blackjack Strategies: Tips for beginners

    Brilliant Blackjack Strategies: Tips for beginners

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    No, OYO is not the communion spot for horny youngsters!

    No, OYO is not the communion spot for horny youngsters!

    IAS Officer who took her dog for a walk in the stadium “Compulsorily Retired”!

    IAS Officer who took her dog for a walk in the stadium “Compulsorily Retired”!

    AFSPA re-imposed in Manipur after several months!

    AFSPA re-imposed in Manipur after several months!

    Sanath Jayasuriya, the greatest all-rounder who never got his due

    Sanath Jayasuriya, the greatest all-rounder who never got his due

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    How TVS transformed from a truck maker to a motorcycle giant

    How TVS transformed from a truck maker to a motorcycle giant

    ASUS to relocate its primary manufacturing hub from China to India

    ASUS to relocate its primary manufacturing hub from China to India

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    Why IKEAs and Urban Ladders could not replace the friendly neighbourhood carpenter

    Why IKEAs and Urban Ladders could not replace the friendly neighbourhood carpenter

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    new CBI director Praveen sood biography

    Who is Praveen Sood the New CBI Director: Professional Background, Achievements and Significance of the Appointment

    Paramjit Singh Panjwar shot dead

    Paramjit Singh Panjwar shot dead: Keep calm and trust the Indian Armed Forces

    Swarm satellites

    India’s Bold Step towards Satellite Swarm Intelligence: A New Era in Space Technology

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Washington Post leaks the truth about Nijjar’s death

    Washington Post leaks the truth about Nijjar’s death

    The sad, tragic journey of Justin Trudeau

    The sad, tragic journey of Justin Trudeau

    Canada learns diplomacy the “Jaishankar Way”

    Canada learns diplomacy the “Jaishankar Way”

    “Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

    “Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    When BR Ambedkar openly challenged the Nizam Shahi

    When BR Ambedkar openly challenged the Nizam Shahi

    From Nizam Shahi to India’s Defender: Lt. Col. Tarapore’s Incredible Story

    From Nizam Shahi to India’s Defender: Lt. Col. Tarapore’s Incredible Story

    Hope Cooke: How an American lady almost snatched our Sikkim from us

    Hope Cooke: How an American lady almost snatched our Sikkim from us

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Sanath Jayasuriya, the greatest all-rounder who never got his due

    Sanath Jayasuriya, the greatest all-rounder who never got his due

    Lauki Soup health benefits

    Discovering Wellness: 9 Health Benefits of Bottle Gourd (Lauki) Soup

    Kaya Scodelario films to watch

    Discovering the Magic: 10 Must Watch Films of Kaya Scodelario

    Brilliant Blackjack Strategies: Tips for beginners

    Brilliant Blackjack Strategies: Tips for beginners

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Economy » Economic indicators show the Indian economy has finally defeated the pandemic

Economic indicators show the Indian economy has finally defeated the pandemic

TFIPOST News Desk
by TFIPOST News Desk
3 December 2021
in Economy
0
Economic indicators show the Indian economy has finally defeated the pandemic
478
VIEWS
Share on FacebookShare on Twitter
  • For the third consecutive quarter Indian economy has posted the highest growth rate among the major economies of the world.
  • India remains the second largest FDI recipient in the world, fast catching up with China.
  • Manufacturing PMI touched 10 months high at 57.6, which means the government’s effort to Make in India and the Production Linked Incentive scheme have started showing positive results.
  • Higher growth in imports and a lower jump in exports means while the Indian economy is firing all the cylinders, the demand in foreign countries is weakening due to the new Covid variant induced lockdown.
  • The efforts of the Modi government in the last one and a half years to improve the macroeconomic conditions and maximize the opportunity for reform has worked well and is showing results now.

For the third consecutive quarter Indian economy has posted the highest growth rate among the major economies of the world. In the second quarter of the ongoing fiscal year (third quarter of calendar year), the Indian economy grew at 8.4 percent as compared to the same quarter of the last fiscal year. The rise in consumption and agricultural output put the economy on a growth pedestal although the services sector remained muted given the fact people are still avoiding tourism, eating out, etc.

The analysts were not happy with the fact that government consumption (revenue expenditure) is muted but appreciated the fact gross fixed capital formation (a proxy for investment) is strong, and this means the growth is sustainable. Siddhartha Sanyal, Chief Economist and Head of Research, Bandhan Bank, said, “Overall, GDP growth looks set for an 8-9% range in FY22. Several high-frequency indicators have recorded decent uptick in recent months. Nevertheless, indices such as Consumer Confidence are still 25-30% lower than their pre-Covid levels. Despite inflationary concerns in recent months, one expects policymakers to stay broadly growth-supportive, especially given the fresh concerns triggered by the Omicron variant of the coronavirus. The uptick in exports in Q2 was encouraging. However, going ahead this will remain contingent upon global recovery.”

Apart from headline GDP figures, other high-frequency economic indicators like GST, imports, exports, manufacturing PMI, foreign direct investment showed very good results. India remains the second largest FDI recipient in the world, fast catching up with China. The GST collection in the last month was the second-highest (at 1.31 lakh crore rupees) since the implementation of the nationwide indirect tax in 2017.

Manufacturing PMI touched 10 months high at 57.6, which means the government’s effort to Make in India and the Production Linked Incentive scheme have started showing positive results. A 10-month high manufacturing PMI means India is attracting a lot of factories that are exiting China and looking to rejig their supply chain. “The Indian manufacturing industry continued to expand in November, with growth gathering pace and forward-looking indices generally pointing to further improvements in the months to come,” said Pollyanna De Lima, Economics Associate Director, IHS Markit.

The merchandise exports of the country rose by 26.5 percent to 29.88 billion dollars while imports were 53.15 billion dollars, posting huge growth of around 57 percent. Higher growth in imports and a lower jump in exports means while the Indian economy is firing all the cylinders, the demand in foreign countries is weakening due to the new Covid variant induced lockdown.

“India’s merchandise exports in April-November 2021 was $262.46 billion, an increase of 50.71 per cent over $174.15 billion in April-November 2020 and an increase of 24.29 per cent over $211.17 billion in April-November 2019,” the commerce ministry said.

Except for the government consumption, where the lower spending by the states has kept the growth slow, all other segments of the economy are firing at full pace.

The efforts of the Modi government in the last one and a half years to improve the macroeconomic conditions and maximize the opportunity for reform has worked well and is showing results now. “The economic activities, FDI numbers and several other indicators are at all-time highs. These are very positive signs, and show that the Aatmanirbhar Bharat package has helped the nation. This will create a lot of jobs in the future, helping the next generation,” said Syed Zafar Islam, spokesperson of BJP.

The healthy economic growth in the post-pandemic period vindicates the Modi government’s philosophy of Aatmanirbhar Bharat and now the government will stick to the same set of principles (investment-driven export-led growth) for the next few years.

Tags: Economic Indicatorsgdp growthIndian EconomypandemicPLI schemesupply chain
Share18TweetSend
Previous Post

Khalistan supporter Sidhu Moose Wala is now being openly backed by Congress

Next Post

Nitin Gadkari has taken it upon himself to launch Hydrogen-powered vehicles defying EV backers

TFIPOST News Desk

TFIPOST News Desk

India’s most loved Right-Wing blog

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Washington Post leaks the truth about Nijjar’s death

Washington Post leaks the truth about Nijjar’s death

28 September 2023
No, OYO is not the communion spot for horny youngsters!

No, OYO is not the communion spot for horny youngsters!

28 September 2023
IAS Officer who took her dog for a walk in the stadium “Compulsorily Retired”!

IAS Officer who took her dog for a walk in the stadium “Compulsorily Retired”!

28 September 2023
AFSPA re-imposed in Manipur after several months!

AFSPA re-imposed in Manipur after several months!

28 September 2023

Popular This Week

Vijay Darda Coalgate
Opinions

The Vijay Darda Cover-Up: How media shielded a Coalgate scam mastermind

by Atul Kumar Mishra
25 September 2023
India Vs Canada+West: What happened, why it happened and what will happen?
Geopolitics

India Vs Canada+West: What happened, why it happened and what will happen?

by Atul Kumar Mishra
24 September 2023
“Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell
Geopolitics

“Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

by Animesh Pandey
27 September 2023
No more Bollywood films for Nayanthara?
Cinema

No more Bollywood films for Nayanthara?

by Animesh Pandey
22 September 2023
Canada feels the heat as India suspends Visa services
Trending

Canada feels the heat as India suspends Visa services

by Pratyush Madhav
22 September 2023

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost