Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Advance Estimate for GDP Shows 5% Growth

7 Feb 2013Deepak Shenoy1 min read

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What is "Advance Estimate for GDP Shows 5% Growth" about?
What category is this article in?: Charts And Analysis
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 7 February 2013.
How long does this article take to read?: 1 min read

GDP Growth for 2012-13 is estimated at 5%. Nominal growth is 13.3% and once you deflate this for inflation, the figure of 5% comes through.

This is the lowest growth number since 2002-03, and the lowest nominal growth figure since 2005-06 (nominal growth can be low with an even lower inflation number to get a high real growth).

IMF meanwhile thinks we’ll do 5.4%. But then, they think our fiscal deficit is 8.7%, which would make Chidambaram bust a vessel or something.

We’ve seen a decline in growth rates in all except Mining, Construction and Social/personal services.

(Source: MOSPI)

This data may not be trustworthy and to be fair, these are early estimates only.

cOfficial figures for the December quarter come only on Feb 28, the same day as the budget.