Perspective on Q1 GDP Data by Mr. Nish Bhatt, Millwood Kane International
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Below is Perspective on Q1 GDP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
Line with estimates, the surge is primarily on account of the low base of the previous year when the country was under a national lockdown. The lockdown witnessed in April 2021 due to the second wave was not as strict as seen in 2020.
Component wise - exports, manufacturing, construction, trade hotels & transport, private consumption helped the final GDP print, whereas services sector pulled it down. The high government spending, good monsoon year, and the improvement in the latest core sector data indicate further improvement in the growth for the quarters to come..”
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