{"id":8497,"date":"2021-12-03T14:24:58","date_gmt":"2021-12-03T08:54:58","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=8497"},"modified":"2021-12-03T14:40:37","modified_gmt":"2021-12-03T09:10:37","slug":"data-signals-indian-economy-on-recovery-path","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/data-signals-indian-economy-on-recovery-path\/","title":{"rendered":"Data signals Indian economy on recovery path"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8497\" class=\"elementor elementor-8497\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6532360f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6532360f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-185dd4ab\" data-id=\"185dd4ab\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2ffb4263 elementor-widget elementor-widget-text-editor\" data-id=\"2ffb4263\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A bunch of data was released in the past few days, which showed that the Indian economy continued on the recovery path. Let\u2019s take a look at the key economic indicators that were released.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7fd0ade2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7fd0ade2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-308513a7\" data-id=\"308513a7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-239e9d87 elementor-widget elementor-widget-heading\" data-id=\"239e9d87\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Gross Domestic Product<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5ef574f9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5ef574f9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-67eb5f5b\" data-id=\"67eb5f5b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-336dd6c5 elementor-widget elementor-widget-text-editor\" data-id=\"336dd6c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Indian economy continued to grow in the July-September quarter as the gross domestic product expanded 8.4% year-on-year, compared with 7.4% contraction in the year-ago period. This is the fourth consecutive quarter that witnessed economic growth. The GDP growth stood at 20.1% in Q1FY22. The growth was attributed to opening of the economy and rapid vaccination initiatives by the government.<\/p><p>Quarterly Gross Value Added [GVA] at basic prices at constant [2011-12] prices in Q2FY22 is estimated at \u20b932.89 lakh crore, as against \u20b930.32 lakh crore in Q2FY21, showing a growth of 8.5 %, signalling a broad-based recovery across sectors.<\/p><p>Data from the country\u2019s statistics agency NSO showed that the expansion was boosted by double-digit growth in mining and quarrying, public administration, defence and other services.<\/p><p>Agriculture grew at 4.5% during the second quarter, similar to first quarter. Manufacturing registered a 5.5% increase on the back stronger exports. Construction grew 7.5%, while Trade, Hotels, Transport, Communication &amp; Services related to Broadcasting registered an increase of 8.2%.<\/p><p>Exports in Q2FY22 rose 19.62% to Rs 8,32,804 crore from the same period last fiscal. Imports grew 40% year-on-year to Rs 9,69,849 crore in Q2FY22<\/p><p>Private consumption, which is the biggest component of the GDP, grew 8.6% in the second quarter of the fiscal and government consumption expenditure rose 8.73% in the quarter compared to the year-ago period.<\/p><p>The below tabular column shows various components of GDP and its percentage change over the previous year.\u00a0\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e8d1a1b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e8d1a1b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4978fea\" data-id=\"4978fea\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9314de6 elementor-widget elementor-widget-image\" data-id=\"9314de6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"273\" src=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/12\/GSP-calc-1024x273.jpg\" class=\"attachment-large size-large wp-image-8509\" alt=\"\" srcset=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/12\/GSP-calc-1024x273.jpg 1024w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/12\/GSP-calc-300x80.jpg 300w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/12\/GSP-calc-768x205.jpg 768w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/12\/GSP-calc-450x120.jpg 450w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/12\/GSP-calc-780x208.jpg 780w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/12\/GSP-calc.jpg 1486w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-69c4f9c0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"69c4f9c0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-56bd5145\" data-id=\"56bd5145\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4e77ad58 elementor-widget elementor-widget-text-editor\" data-id=\"4e77ad58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>*For an enlarged image, right click on the image and open in a new tab<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3442d32e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3442d32e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-62be58f0\" data-id=\"62be58f0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-26409a69 elementor-widget elementor-widget-heading\" data-id=\"26409a69\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Eight Core Industries Production<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cb99df8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cb99df8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e97fc3e\" data-id=\"e97fc3e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb115d3 elementor-widget elementor-widget-text-editor\" data-id=\"bb115d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The combined Index of Eight Core Industries stood at 136.2 in October 2021, a 7.5 per cent rise from 126.7 in October 2020. The production of coal [14.6%], natural gas [25.8%], refinery products [14.4%], fertilizers [0.04%], steel [0.9%], cement [14.5%] and electricity[2.8%] industries increased in October 2021 over the corresponding period of last year. Crude oil production declined 2.2% in October 2021 on a yearly basis. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3a6d15ad elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a6d15ad\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-528be333\" data-id=\"528be333\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5684d50e elementor-widget elementor-widget-heading\" data-id=\"5684d50e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Manufacturing PMI <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7b96cce1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7b96cce1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-59f44460\" data-id=\"59f44460\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7adc49a elementor-widget elementor-widget-text-editor\" data-id=\"7adc49a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Indian manufacturing sector expanded strongly in November, as an accelerated rise in sales supported the fastest upturn in production for nine months.<\/p><p>The IHS Markit India Manufacturing Purchasing Managers\u2019 Index (PMI) signalled a healthy improvement as the PMI rose to 57.6 in November from 55.9 in October. The rise in November was higher than the long-run average of 53.6. <\/p><p>Manufacturers stated that rise in demand, improving market conditions and successful marketing boosted sales in November. Factory orders rose for the fifth consecutive month and at a sharp pace that was the fastest since February.<\/p><p>IHS Markit in its report noted that the domestic market was the main source of sales growth, as new export orders rose at a slight pace that was weaker than in October. The report also said that cost inflationary pressures remained intense amid transportation issues and difficulties among suppliers to source raw materials.<\/p><p>Further, companies were concerned that inflationary pressures could dampen demand and restrict output in the year ahead.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-196b7387 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"196b7387\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3f8b5d00\" data-id=\"3f8b5d00\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-18a03069 elementor-widget elementor-widget-heading\" data-id=\"18a03069\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Services PMI<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7956e575 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7956e575\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3846970c\" data-id=\"3846970c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-362559f3 elementor-widget elementor-widget-text-editor\" data-id=\"362559f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Indian service sector continued to strengthen with a substantial upturn in new orders underpinning output growth, according to IHS Markit survey. The seasonally adjusted India Services Business Activity index showed a reading of 58.1 in November, fractionally down from 58.4 in October. <\/p><p>Service providers received new businesses and their sales grew on the back of successful marketing, strengthening demand and favourable market conditions. <\/p><p>Although business confidence improved in November, the overall level of positive sentiment was well below its long-run average. <\/p><p>A few companies expected the higher demand to continue, while several others companies were worried that elevated inflation could dampen the recovery.<\/p><p>Meanwhile, Composite PMI rose to 59.2 in November from 58.7 in October, signalling that private sector activity in India continued to expand. Private sector employment increased only marginally in November. Rates of expansion were equal among both manufacturers and service providers. Manufacturing firms recorded a stronger increase in input cost inflation than their services counterparts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-24e9d5d9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"24e9d5d9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-322136aa\" data-id=\"322136aa\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-23440faf elementor-align-center elementor-widget elementor-widget-button\" data-id=\"23440faf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ekyc.flattrade.in\/openaccount\/?utm_source=Blog&#038;utm_medium=organic&#038;utm_campaign=Demat+Account\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"A bunch of data was released in the past few days, which showed that the Indian economy continued&hellip;","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[17],"tags":[46,43,78,26,77,24,23],"class_list":{"0":"post-8497","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"tag-market-news","8":"tag-market-update","9":"tag-nifty","10":"tag-nse","11":"tag-sensex","12":"tag-share-market","13":"tag-stock-market","14":"cs-entry","15":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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