GDP growth: First advance estimates of GDP to be released tomorrow

Economy


The government will release the first advance estimates of the GDP for FY20 on Tuesday at 5.30 pm. The estimates will be keenly watched for as the economic turbulence has taken a toll on growth numbers in the first and the second quarter.

The economic growth slowed to 4.5 per cent in the second quarter. The figure stood at 5 per cent for the first quarter of the current fiscal. The first advance estimates will take into account the figures available for the first nine months of the current fiscal.

The Reserve Bank of India has also gradually pegged down its growth forecasts in its successive policy reviews. In its December review, the RBI had pegged India’s economic growth at 5 per cent.

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The first advance estimates will take in to account the following set of data:

*IIP for April-October,2019

*Financial performances of listed firms for the first and second quarter

*Advance estimates of crop production

*Accounts of Central and state

*Indicators like passenger and freight earnings of railways, air cargo handled, car sales among others.



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