India's GDP growth rate at 8.4 Percent in Q2FY22

 India's GDP growth rate at 8.4 Percent in Q2FY22

The First quarter of the last fiscal year 2020-21 saw a sharp decline in the Indian Economy due to Covid-19 Epidemic. The Country's economy contracted (-24.4) Percent in the April-June 2021 quarter, reason for Nation wide lock down.

This was followed by a decline of (-7.4) Percent in the next quarter which is July to September 2020-21. It is noteworthy that most developed and emerging economy countries had such an impact last year. Curfew controls eased somewhat and the economy is started to recover. It was 0.5 Percent growth in the December quarter and 1.6 Percent in the ending March 2021 quarter.

During April to June period of the current fiscal year, the growth rate was said to be 20.1 Percent, then now 8.4 Percent in the second quarter of 2021-22. This said 8.4 Percent growth were compared with the last year September, which was seen as Negative growth.




The Q2FY22 September quarter growth was mainly driven by the Service Sector, Finance and Housing, Public Administration, Manufacturing and particularly from the Government Spending. The Central Bank (RBI) has projected the Country's overall economic growth to be 9.5 Percent for the Current Financial year 2021-22.

As per India's GDP - Economic growth, the Service sector were contributed with 60 Percent, Manufacturing with 15 Percent and Agriculture with 12 Percent. Construction contributed around 8 Percent, Water and Energy accounts 5 Percent. 

The Agriculture Sector has a low contribution of 12 percent in GDP, where it was around 52 Percent in the year 1951. However, this sector has now created 50 percent of Jobs in Country's employment - Directly and Indirectly. Under the Category of Agriculture - Agriculture, Forestry and Fishing are the Sub categories available.

Kindly share your comments / feedback with a smile :)

www.richinvestingideas.com 

Comments

  1. Sachin GuptaFebruary 26, 2022 at 11:15 AM

    Thankyou so much sharing for informative valuable post. Many people will profit from this post in their business Great Job
    HDFC bank share price

    ReplyDelete

Post a Comment

Popular posts from this blog

What's your Earning - A Personal Cash Flow Meter

Image
What's your Earning  - A Personal Cash Flow Meter Earning money, isn't an easy one ? Absolutely, Earning money is an easy one, but it's hard to keep (grow) it. I mean that the Jobs and Earning money are easy on these techie days. Somebody have the value on their Dignity, Prosper and many of us have, earning more (Money) is a big value. Still, few one can make easy and more of them think that, it's hard to earn. Everyone of us, feeling that the rich one have more money and other's can't. But is it a right away to tell ? Not always, many of us hurting their health to make wealth (Money). Even Apple's Steve Jobs had earned a lot and respect too, but the health was not support for him. I am not telling you that, you have to earn more to be Rich (or) Financially Independent . The think is, how you utilize the earnings and to grow, while you have a little money or No job. What you have Earned ? As an individual, he earns  ₹  1,00,000 /- salary per month and spend...
Read more

Infosys reported a net profit of Rs.5,945 Crore in Q1FY24 - Quarterly Results

Image
 Infosys reported a net profit of Rs.5,945 Crore in Q1FY24 - Quarterly Results   Infosys Limited - India's second largest IT Company after TCS, recently reported it's first quarterly results for the Financial year 2023-24. In the said April - June quarter, the company's revenue was Rs.37,933 Crore and the expenditure is said to be Rs.28,869 Crore as well. The Operating Profit were stood at Rs.9,064 Crore and the Operating Profit Margin(OPM) of 24 Percent in the First quarter of FY2024. It is noteworthy that the average of Quarterly OPM's are above 24 Percent for Infosys Limited. As other income, the company earned Rs.561 Crore in the June Q1 results.   Profit Before Tax(PBT) were stood at Rs.8,362 Crore and the bottom line which was the Net Profit is said to be Rs.5,945 Crore. As compared to the previous year's June quarter 2022-23, the current revenue has grown by 10 Percent and the Net Profit has also grown by 11 Percent. In the Past, the EPS was stood at Rs.12.74...
Read more

10 Years of TATA Motors Ltd - Financial Statement - Fundamental Insights

Image
10 Years of TATA Motors Ltd - Financial Statement - Fundamental Insights   Tata Motors Limited is a leading global automobile manufacturer and India's second largest company in Automotive segment next to Maruti Suzuki. It is the part of Tata Group, an Indian multi-national conglomerate which provides its products and services on Buses, Cars, Defense Vehicles, Sports utility vehicles, Trucks and other related automotive in it's segment. It is noteworthy that Tata Motors bought the famous and iconic brands Jaguar and Land Rover in the year 2008, from the Ford Company. Tata Motors is the leading player in the Commercial vehicle segment with a market share of around 45 Percent as per the FY2022. It is also said to be a Market leader in the EV segment with a market share of around 87 Percent in the year FY22 in India. The company's last dividend was declared in the year 2016 for the Financial year 2015-16 with an amount of Rs. 0.20 per Share. Tata Motors Ltd is trading in the In...
Read more