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Mumbai . Foreign brokerage company Barclays has reduced the earlier estimate of India’s economic growth rate to be 10 percent for the financial year 2021-22. He attributed this to the third wave of the epidemic. It has said that the growth rate of the Indian economy can be 6.6 percent in the third quarter of the current financial year. According to Barclays, the economy remained relatively stable in the third quarter. Work in many sectors has come to a pre-pandemic level. The role of the service sector in these activities is big. Given the Omicron wave in January and the restrictions imposed to curb it, there is a risk of falling below the previously estimated 10 percent growth rate for the financial year 2021-22. GDP forecast on February 28 In the July-September quarter of the current financial year, the GDP (Gross Domestic Product) growth rate was 8.4 percent. The National Statistics Office will release the GDP estimate for the third quarter of the financial year 2021-22 on February 28. Also read- Crude Oil hits century, Russia-Ukraine crisis hits $ 100, highest level of 7 years Signs of decline in rural consumption Barclays said in its report that the growth rate could be 6.6 percent in the third quarter, compared to 8.4 percent in the second quarter due to the higher comparative effect. While there are clear signs of a slowdown in rural consumption, the growth rate of the agriculture sector is expected to remain strong. Fuel demand strengthens According to the report, the services sector has more impact on the country’s economic growth than manufacturing. Growth in construction, manufacturing and mining has been slow, mainly due to supply constraints in vehicles. Supply issues and the high comparative base effect have had an impact on manufacturing, but growth in the services sector may be faster. Strengthening fuel demand and pick-up in business give clear signs of revival. Also read- Economic activities pick up pace, fuel demand in the country is expected to increase by 5.5 percent in the next financial year Economy nears pre-pandemic level According to Barclays, data on the level of traffic ie tourism activities, air traffic, railway freight and movement show that the economy has reached near pre-pandemic levels. Not only this, the increase in debt has remained and the profits of the companies are strong. The report said that although the Omicron infection did not have a significant impact on the revival, but due to the increase in the number of infections and some restrictions imposed to prevent it, there may be some impact on economic activity in the fourth quarter. Be the first to read breaking news in English Tech for FTCP English | Today’s latest news, live news updates, read most reliable English news website Tech for FTCP English | Tags: economic growth, Economy, GDP, GDP growth, India’s GDP Read Article in हिन्दी
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काठमाडौं – चालु आर्थिक वर्षको आर्थिक वृ्द्धिदर २.२७ प्रतिशतमा झर्ने भएको छ । केन्द्रिय तथ्यांक विभागले बुधबार सार्वजनिक गरेको तथ्यांकअनुसार चालु आर्थिक वर्षको आर्थिक वृद्धिदर २.२७ प्रतिशतमा खुम्चिने भएको हो । सरकारले चालु आवको बजेटले आर्थिक वृद्धिदर ८.५ प्रतिशतको लक्ष्य राखेको थियो । तर, चालु आवको मध्यपछि शुरु भएको कोरोना भाइरसको संक्रमण र त्यसले अर्थतन्त्रमा पारेको प्रभावका कारण अर्थतन्त्रको वृद्धिदर नराम्रोसँग खुम्चिने भएको विभागले जनाएको छ । यसअघि गत आर्थिक वर्ष २०७५/७६ मा नेपालको आर्थिक वृद्धिदर ६.७५ कायम भएको थियो । आर्थिक वर्ष २०७४/७५ मा भने ६.३५ प्रतिशतको आर्थिक वृद्धिदर कायम भएको विभागको तथ्यांकमा उल्लेख छ । कोरोनाले खासगरी सेवा क्षेत्रको वृद्धिदरलाई नराम्रोसँग प्रभावित बनाएको हो । अर्थतन्त्रका मूख्य तीन क्षेत्रमध्ये प्राथमिक क्षेत्रका वृद्धिदर २.५४ प्रतिशतमा खुम्चिने भएको हो । द्वितीय क्षेत्रको वृद्धिदर ३.३६ प्रतिशत र सेवा क्षेत्रको वृद्धिदर मात्र १.९९ प्रतिशत रहने भएको छ । बजेटको मध्यावधि समीक्षामा पनि अर्थमन्त्री डा. युवराज खतिवडाले लक्ष्यको हाराहारीमै आर्थिक वृद्धि हात पार्ने दावी गरेका थिए ।