The Q4 (Jan-Mar) GDP and the FY 2022-'23 estimates flatter to deceive. Fact is the Indian Economy did "grow", but for whom and by whom.
For instance, the 7.2% economic growth is largely powered by the "services" sector, contributing nearly 60% of the overall GDP.
This is why I call our "vaunted" fastest growing major economy an One Pony Trick.
https://lnkd.in/gCUByKfk
#economy #gdp #indianeconomy #q4fy23 #q4results #fy23 #growth #india #fastestgrowing #services #consumption
#economy #gdp #indianeconomy #q4fy23 #q4results #fy23 #growth #india #fastestgrowing #services #consumption
India's gross domestic product(GDP) grew by 7.2 per cent in 2022-23 against 9.1 per cent expansion in previous fiscal, as per the government data released on Wednesday.
#India #FY23
https://timesofindia.indiatimes.com/business/india-business/indias-gdp-grows-by-7-2-in-fy23-govt-data/articleshow/100651861.cms
Qantas upbeat about even higher pre-tax profit
Qantas continues to update its HY1 guidance but in a positive way. As demand continues to soar, the Australian carrier expects to close its first six months of FY23 with an underlying profit before tax of between A$1.35 billion and A$1.4
https://airinsight.com/qantas-upbeat-about-even-higher-pre-tax-profit/
#Airlines #about #airlines’ #AlanJoyce #capacity #demand #even #fy23 #guidance #higher #pre-tax #pre-taxprofit #profit #Qantas #upbeat
#airlines #about #alanjoyce #capacity #Demand #even #fy23 #guidance #higher #pre #profit #qantas #upbeat
India to post 6.5-7.1% growth in FY23: Deloitte
#GDPgrowth #India #FY23
Source : Livemint
https://www.livemint.com/economy/india-to-post-6-5-7-1-growth-in-fy23-deloitte-11668930438684.html
India may log 8% growth rate in real GDP in FY23, says Arvind Panagariya
#India #realGDP #growthrate #FY23
Source : Business Standard
https://www.business-standard.com/article/economy-policy/india-may-log-8-growth-rate-in-real-gdp-in-fy23-says-arvind-panagariya-122110501271_1.html
#fy23 #growthrate #realgdp #India