https://www.taxtmi.com/news?id=23782 Real GDP returned to positive growth in Q3 2020-21 as a V-shaped recovery progressed, driven by rebounds in Private Final Consumption Expenditure and Gross Fixed Capital Formation. Central government capital expenditure materially supported the investment recovery, with capital spending having larger fiscal multipliers than government consumption. Manufacturing and construction shifted to positive growth, services markedly narrowed its contraction, and agriculture continued to contribute positively. The release notes ongoing pandemic risk and that declining cases and accelerated vaccination are important to sustain services-led revival. en-us Sat, 27 Feb 2021 09:47:35 +0530 Sat, 27 Feb 2021 09:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23782 Real GDP returned to positive growth in Q3 2020-21 as a V-shaped recovery progressed, driven by rebounds in Private Final Consumption Expenditure and Gross Fixed Capital Formation. Central government capital expenditure materially supported the investment recovery, with capital spending having larger fiscal multipliers than government consumption. Manufacturing and construction shifted to positive growth, services markedly narrowed its contraction, and agriculture continued to contribute positively. The release notes ongoing pandemic risk and that declining cases and accelerated vaccination are important to sustain services-led revival. News - Sat, 27 Feb 2021 09:47:35 +0530 https://www.taxtmi.com/news?id=23782