On Friday, the government released the GDP for FY20 and the fourth quarter in the current fiscal. The Q4 GDP stands at 3.1 percent. For the full financial year, the GDP is at 4.2 percent.
Owing to the pandemic-induced lockdown from March 2020, many Businesses were negatively impacted in the fourth quarter. However, on Friday the Indian indices opened low because of global peers but recovered by the closing bell with Nifty ending above 9,300 level.
Take a look at the official data revealed by the National Statistical Office (NSO), dated May 29,2020:
- FY20 GDP: 20% as compared to 6.1% Year-on-Year.
- Q4 GDP: 3.1% against 4.1% Quarter-on-quarter and 5.7 % Year-on-Year
- Electricity and gas: 5 % compared to -0.7% Quarter-on-quarter and 5.5% Year-on-Year.
- Agricultural growth: 9% compared to 3.6% Quarter-on-quarter and 1.6% Year-on-Year.
- Construction: -2.2% against 0% Quarter-on-quarter and 6% Year-on-Year.
- Fin and real estate: 2.4 % compared to 3.3% Quarter-on-quarter and 7 Year-on-Year.
- Trade and hotels: 2.6% contrary to 4.3% Quarter-on-quarter vs 6.9% Year-on-Year.
- Public Admin: 1% next to 10.9% Quarter-on-quarter and 11.6% Year-on-Year.
- Mining growth: 2% as compared to 2.2% Quarter-on-quarter and -4.8% Year-on-Year.
- Manufacturing growth: -1.4% versus -0.8% Quarter-on-quarter and 1% Year-on-Year.
