Tuesday, August 31, 2010

Robust GDP growth


The Q1 GDP numbers have shown a robust increase in the quarterly domestic product, with the drivers being Industry and Services. Nevertheless, concerns remain on the sustainability of such growth, amidst concerns over private consumption momentum.

GDP growth for Q1 FY11 over the same period last year stood at 8.8%. The key growth drivers were Mining & Quarrying (8.9%), Manufacturing (12.4%) and Trade, hotels, transport and comm. (12.2%). Growth in agriculture stood at 2.8% in Q1 FY11. Of the services sector, 'Finance, insurance, real estate and business services' saw a drop in growth to 8% from 11.8% the same period last year.

Concerns over private consumption growth

Contributing a major share of GDP, private consumption is an indication of the long term trend and sustainability of growth. The GDP data reveals a slow down in private consumption growth. This reduced momentum is reflected also in the annual figures. Private consumption growth has dropped to 0.34%, the lowest rate of growth in the first quarter since the year 2000.

Private consumption as a % of GDP shows a drop to 58% from 60%, for the same period last year. The figures below bring out the reducing share of private consumption annually and first-quarter-wise.

Industrial Production till date

The Index of Industrial Production (IIP) shows a downward trend, owing to a base effect and reduced momentum in production.

--
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
 
You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en

2 comments:

Top Ten Classifieds said...


Nice and informative post…
Thanks,
Bisell.in

yashkaushab said...

It was a great blog i had ever read.Thanks for sharing the blog, seems to be interesting and informative too.Could you help me finfing more detail regarding Four Wheeler Insurance

Blog Archive

Promote Your Blog

Life Insurance | Health Insurance | Auto Insurance


Investors Please Listen !

 
More than 100 kinds of Insurance products from more than
20 companies under one roof.



Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
Powered by Olark
Advertising Learn to Invest