India Q3 GDP growth surges to 8.4%, exceeding expectations!

[pakeer_saab]

4 minutes ago, Gaali_Gottam_Govinda said:

Thats how capitalism works bro like it or not..... Whoever starts business and invests........ they grow their networth 20% compared to people who always complain the system. 

If the whole country's GDP grew by 8.4% and you did not match that growth. Then there is something wrong with what you're doing. 

Work hard, get a job invest and spend wisely. Even normal people will grow their wealth by 20% like Adani and Ambani. India is pretty much a US capitalistic system now. You can call it Crony capitaliam. 

 

Those are the same idiots who run to US for its capitalism but hate the same concepts in India.  Akali chavulu bokka ani sentiments cheptaaru

[dasari4kntr]

9 hours ago, dewarist said:

@dasari4kntr can you please interpret these numbers?

 

8 hours ago, pakeer_saab said:

Taxes contributed mostly to GDP growth which may not be sustainable on long term

consumption component is going down both private and govt consumption

from the data i see, even if the GDP growth is good news, reproducing this over next quarters may be tough if gloaal macro-economic trends go down.

is that a good estimate or do you think i missed anything?? appreciate your inputs

 

1. GVA at Basic Prices: The Gross Value Added at basic prices for three fiscal years, showing a year-on-year increase.
2. Net Taxes on Products: Taxes minus subsidies on products for three fiscal years, also increasing each year.
3. Gross Domestic Product (GDP): The total value of goods and services produced, showing growth each year.
4. Net Domestic Product (NDP): GDP minus depreciation, indicating a steady rise.

Expenditure Component: (this section explains where is money being spent?)

5. Private Final Consumption Expenditure (PFCE): Household and NPISH consumption, increasing each year.
6. Government Final Consumption Expenditure (GFCE): Government spending on final consumption, also increasing.
7. Gross Fixed Capital Formation (GFCF): Investment in fixed assets plus net changes in inventories, showing an upward trend.
8. Changes in Stocks (CIS): The changes in inventory levels over the years, which is variable.
9. Valuables: Spending on items like jewelry that are expected to hold value over time, increasing each year.
10. Exports: The value of goods and services sold abroad, with growth each year.
11. Imports: The value of goods and services purchased from abroad, also growing.
12. Discrepancies: The statistical discrepancies in the accounts, which are normal in such large-scale economic measurements.
13. GDP: The sum total of the above components, showing an increase each year.

Share in GDP% (percentage contribution to GDP):  (Value of Component / Total GDP)×100

14. PFCE: Its percentage of total GDP, which has slightly decreased.  (it indicates consumer driven economy..consumer spending decreased)
15. GFCE: Its percentage of total GDP, which has decreased. (govt spending decreased)
16. GFCF: Its percentage of total GDP, which has increased slightly.  (productivity capacity increased...)
17. CIS: A very small and consistent percentage of total GDP.
18. Valuables: A slight increase in their percentage of GDP.
19. Exports: Consistent percentage contribution to GDP.
20. Imports: A decrease in percentage contribution, indicating slower growth compared to GDP.
21. Discrepancies: Minimal percentage effect on the overall GDP.

National Product:

22. Gross National Income (GNI): The total domestic and foreign output claimed by residents, rising each year.
23. Net National Income (NNI): GNI minus depreciation, also showing an increase.

Per Capita Income, Product and Final Consumption:

24. Population: Estimated number of people in millions, which has increased each year.
25. Per Capita GDP: Average economic output per person, growing annually.
26. Per Capita GNI: Average income earned per person, also on the rise.
27. Per Capita NNI: Average net income per person, increasing each year.
28. Per Capita PFCE: Average consumption expenditure per person, which shows an increase but at a slower rate in the last year.

 

 

mining and manufacturing sectors contributed more to this GDP..than other sectors like agriculture..etc other industries are under performed well...