July-September urban consumption likely to boost India's GDP growth

-


New Delhi: The Indian economy may perform better than expected in the second quarter of the current fiscal (July-September) on the back of robust urban consumption and services expansion.

The gross domestic product (GDP) growth rate in the September quarter is estimated to be lower than the 7.8 percent in the June quarter. Analysts expect growth to be closer to 7 percent in the September quarter, compared to the earlier estimate of 6.5 percent.

The Reserve Bank of India had forecast 6.5 percent growth in July-September. Regarding this, Reserve Bank of India Governor Shaktikanta Das said that this increase may be more than expected. Key indicators such as domestic vehicle sales rose by 21.5 percent and domestic air travel by 23.1 percent in the second quarter. These indicators can be used to model urban demand growth.

Similarly, bank lending has also increased. It grew by 19.8 percent in the September quarter, while it grew by 15.8 percent in the April-June quarter. Similarly, in the second quarter, services Purchasing Managers' Index stood at 61.1, compared to 60.6 in the previous quarter.

Urban consumption plays a major role in India's growth. In addition, the services sector, especially financial services, drives growth. Sales of expensive luxury products, increase in sales of passenger vehicles, boom in domestic air traffic led to increase in personal loans in the first quarter. Then this growth continued in the second quarter as well. GDP growth is expected to be around 6.9 percent.

Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more