The question arises that what does this figure of GDP indicate in the second quarter and how will the economy of the country go ahead. Let us know it in detail.
The question arises that what does this figure of GDP indicate in the second quarter and how will the economy of the country go ahead.
India Q2 GDP: Today good news has come for the country on the economic front. India’s GDP growth has been at 8.4 percent during the second quarter of the financial year 2020-21 i.e. July-September. This has increased against the GDP of -7.4 percent of the same quarter last year. Now the question arises that what does this figure of GDP indicate in the second quarter and how will the economy of the country go ahead. Let us know it in detail.
Asif Iqbal, Head of Research at Escort Securities told TV9 Digital that the main reason behind the increase in the country’s GDP growth in the second quarter is the increase in demand. According to him, the effect of the stalled demand in the Corona epidemic is now being seen. He said that there are problems in the supply. But there has been a good increase in demand. According to Iqbal, the base effect has also been visible in the negative GDP growth in the same quarter last year.
Government has taken many good steps towards reforms: Expert
Iqbal said that economic growth will remain good in the coming quarters as well. He says that a better situation can be seen in the economic growth in the country. However, if the next wave of corona epidemic comes, then it will come to a halt. He says that production remains close to its full capacity. Along with this, he believes that the government has also taken many good steps in the direction of reform. Overall, all these things are a good sign for the economy.
However, Asif Iqbal has described rising inflation as a matter of concern. He says that the retail inflation figure remains high. Because of this, real economic growth is affected. Inflation remains in food items, raw materials.
Overall, the economic growth of the country is expected to remain good in the coming times. However, a possible third wave of corona may prove to be a hindrance in this. The news of new variants of Corona has also raised concerns about it. Along with this, rising inflation is also a matter of great concern for the common people. Now it has to be seen whether the GDP growth continues to be good in the coming quarters or not.
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