Indian Economy

[SKC]

Domestic air traffic rises 11 pc in January

Domestic air traffic saw an 11.28% rise to 1.46 crore passengers in January, with IndiGo's market share reaching 65.2%. Air India Group's share fell to 25.7%. Akasa Air and SpiceJet increased their shares to 4.7% and 3.2%, respectively. IndiGo led in On Time Performance at 75.5%, and 41,119...

economictimes.indiatimes.com

Air Ministry needs to put leash on the Domestic airlines. They are adding innumerous and dark charges while booking any tickets.
Ministry itself has to let go of few charges which adds to high ticket prices in domestic circuit.​

 

[RDXChauhan]

India builds world’s longest LPG pipeline to cut costs & deadly road accidents

Indias state-run refiners will fully commission the worlds longest liquefied petroleum gas pipeline by June, significantly reducing transportation costs and minimizing road accidents. The $1.3 billion project spans 2,800 kilometers from Kandla to Gorakhpur and will transport about 8.3 million...

m.economictimes.com

 

[darkflame]

Is govt promoting airports infrastructure so that govt need not to develop HSR??

Hsr are expensive to build for example ahemdabad to Delhi Hsr line is expected to be around 850km long hence construction will cost something around 25-30 billion usd mahsr is being built on jica lones and all thanks to uddhav thackeray who shafted the project in Maha Japan will most likely won't fund any further lines in India and even if they want to they too won't spend such large sum of money in a single economy hence that pipe dream of 7500km long golden quadrilateral is never gonna happen until and unless we take chinki lones.

 

[SKC]

From latest press release on Second Advance Estimate for Annual GDP 2024-25:

 

[SKC]

India Q3 GDP: Indian economy grows 6.2% in December quarter, FY25 growth pegged at 6.5%


Source: LiveMint Article
​

India Q3 GDP: India's economy grew by 6.2 per cent year-on-year in the October-December quarter of the current fiscal (Q3FY25), government data showed Friday, an uptick from the previous quarter.
​

The reading was largely in line with economists expectations, and up from a revised 5.6 per cent on-year expansion recorded in the July-September of FY25. D-Street analysts and economics had pegged the Q3 GDP growth between 6.2-6.3 epe cent on higher government spending and improved urban consumption.
The National Statistical Office (NSO) data released on Friday, February 28, showed that the economy grew 9.5 per cent in the third quarter of the year-ago period. The NSO, in its second advance estimate of national accounts, pegged the country's growth at 6.5 per cent for 2024-25.​

​

It had projected a growth of 6.4 per cent for the current fiscal in its first advance estimates released in January 2025. The NSO also revised the GDP growth for 2023-24 to 9.2 per cent against the earlier estimate of 8.2 per cent.

The gross value added (GVA), a measure of economic activity which is seen as a more stable measure of growth, grew 6.2 per cent in October-December, compared to a revised 5.8 per cent expansion in the previous quarter.
​

Government spending rose 8.3 per cent in the last three months of 2024 from a modest 3.8 per cent increase in the previous three months.

Private consumer spending jumped 6.9 per cent YoY, up from 5.9 per cent in the previous quarter, buoyed by improved rural demand due to moderating food prices and more spending on purchases for the festival season than a year earlier.​

 

[crazywithmath]

India Q3 GDP: Indian economy grows 6.2% in December quarter, FY25 growth pegged at 6.5%


Source: LiveMint Article



​

Base effect is affecting these nos tbh.

FY 2023-24 real growth revised upward to 9.2%
FY 2023-24 nominal growth revised upward to ~12%

Think we will overperform a bit in q3 FY 2024-25 and the real growth for FY 2024-25 would inch closer to 7%

@ezsasa
Also, @FalconSlayers

 

[ezsasa]

Base effect is affecting these nos tbh.

FY 2023-24 real growth revised upward to 9.2%
FY 2023-24 nominal growth revised upward to ~12%

Think we will overperform a bit in q3 FY 2024-25 and the real growth for FY 2024-25 would inch closer to 7%

@ezsasa
Also, @FalconSlayers

yup, a few sectors were yet to recover in 2022-23.

on this base effect thing, for our own reference (may not be technically sound) as far as global structural disruption goes.

2019-20 - Covid year
2020-21 - Low base previously so high peaks in graphs
2021-22 - High base previously so low peaks in graphs
2022-23 - partial impacts in graphs because of previous low peaks (tourism hadn't fully recovered)
2023-24 - First normal year (ukraine war)
2024-25 - Second normal year(israel war)

i think we are in second normal year, so we are on cyclical mode now. (subject to correction)

on HFIs, finance ministry said they started monitoring them, but not aware if they have publicly released any chart on what exactly they are monitoring.

 

[Migflug]

India GDP Q3 FY25 Data: India’s Q3 GDP growth quickens on rural demand & govt spending. But is all well ahead?

India's GDP growth accelerated to 6.2% in Q3 of FY25, up from 5.4% in the previous quarter, driven by strong rural consumption and higher government spending. However, this growth is still lower than the 8.6% recorded in the same quarter last year and falls short of the RBIs projection of 6.8%.

economictimes.indiatimes.com

Even Agriculture is outperforming our manufacturing

 

[FalconSlayers]

Base effect is affecting these nos tbh.

FY 2023-24 real growth revised upward to 9.2%
FY 2023-24 nominal growth revised upward to ~12%

Think we will overperform a bit in q3 FY 2024-25 and the real growth for FY 2024-25 would inch closer to 7%

@ezsasa
Also, @FalconSlayers

I wonder how did they revise down FY2022-23 GDP 2 times from ₹271 trillion to ₹268.9 trillion in 2nd estimate.

 

[crazywithmath]

Think we will overperform a bit in q3 FY 2024-25 and the real growth for FY 2024-25 would inch closer to 7%

*Q4 FY 2024-25

I wonder how did they revise down FY2022-23 GDP 2 times from ₹271 trillion to ₹268.9 trillion in 2nd estimate.

With all the revisions taken into consideration, FY 2024-25 nominal GDP is up by 2% (as noted by others). Still going through the nos.

 

[ezsasa]

View attachment 26293

India GDP Q3 FY25 Data: India’s Q3 GDP growth quickens on rural demand & govt spending. But is all well ahead?

India's GDP growth accelerated to 6.2% in Q3 of FY25, up from 5.4% in the previous quarter, driven by strong rural consumption and higher government spending. However, this growth is still lower than the 8.6% recorded in the same quarter last year and falls short of the RBIs projection of 6.8%.

economictimes.indiatimes.com

Even Agriculture is outperforming our manufacturing

there are high value goods in agri also now a days which includes fruits and fisheries.

 

[crazywithmath]

*Q4 FY 2024-25



With all the revisions taken into consideration, FY 2024-25 nominal GDP is up by 2% (as noted by others). Still going through the nos.

GVA growth of pvt ltd cos projected significantly higher than their public ltd counterparts - one major reason why the revised GDP print is this high.