In its second advance estimate of GDP for 2023-24, the statistics ministry pegged the current year s growth rate at 7.6 percent, 30 basis points higher than its first advance estimate of 7.3 percent
Investors gain Rs 3 lakh crore as Sensex ends 750 points higher post Friday crash
Sensex closed 750 points or 1.53% higher at 49,849 today after investors cheered Q3 GDP data and resorted to value buying. Nifty ended 232 points or 1.60% higher at 14,761
Aseem Thapliyal | March 1, 2021 | Updated 17:44 IST
Market cap on BSE rose by Rs 2.95 lakh crore today to Rs 203.76 lakh crore
Investors gained nearly Rs 3 lakh crore in the first trading session of March 2021 as market made a partial recovery from the crash it suffered on February 26. Sensex closed 750 points or 1.53% higher at 49,849 today after investors cheered Q3 GDP data and resorted to value buying. Nifty ended 232 points or 1.60% higher at 14,761. Market cap on BSE rose by Rs 2.95 lakh crore today to Rs 203.76 lakh crore.
Q3 GDP: People hit by double whammy of low growth, high inflation, says Congress
Congress chief spokesperson Randeep Surjewala said the third quarter GDP data proves yet again that fault lines in the Indian economy are more visible than ever before
PTI | February 27, 2021 | Updated 09:52 IST
The economy has grown by a mere 0.4 per cent in the third quarter of financial year 2020-21, which is far below estimation, he said
Attacking the government over the state of the economy, the Congress on Friday said the people have been hit by the double whammy of low growth and high inflation for which the Modi government s gross mismanagement is responsible.
The growth in India s real GDP during 2020-21 is estimated at -8 per cent as compared to the growth rate of 4.0 per cent in 2019-20, said government on Friday as part of its second advance estimates of the economic growth. The government had projected a GDP contraction of 7.7 per cent in its first advance estimate. Real GDP or GDP at Constant Prices (2011-12) in the year 2020-21 is likely to attain a level of Rs 134.09 trillion, as against the First Revised Estimate of GDP for the year 2019-20 of Rs 145.66 trillion, according to the data released on Feb 26, 2021. The per capita income in real terms during 2020-21 is estimated to attain a level of Rs 85,929 as compared to Rs 94,566 in the year 2019-20.