https://www.taxtmi.com/news?id=23523 Advance estimates place real GDP for 2020-21 at a contraction of 7.7 percent and nominal GDP at a contraction of 4.2 percent. Demand-side movements show Government Consumption rising while Private Consumption, Fixed Investment, exports and imports decline sharply. Supply-side figures record positive growth in agriculture and utilities, contractions in manufacturing and construction, and severe losses in contact-intensive services. High-frequency indicators indicate broad-based resurgence, with vaccine preparations and sustained public-health measures cited as important for sustaining recovery. en-us Fri, 08 Jan 2021 09:31:30 +0530 Fri, 08 Jan 2021 09:31:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23523 Advance estimates place real GDP for 2020-21 at a contraction of 7.7 percent and nominal GDP at a contraction of 4.2 percent. Demand-side movements show Government Consumption rising while Private Consumption, Fixed Investment, exports and imports decline sharply. Supply-side figures record positive growth in agriculture and utilities, contractions in manufacturing and construction, and severe losses in contact-intensive services. High-frequency indicators indicate broad-based resurgence, with vaccine preparations and sustained public-health measures cited as important for sustaining recovery. News - Fri, 08 Jan 2021 09:31:30 +0530 https://www.taxtmi.com/news?id=23523