{"id":35221,"date":"2018-10-31T15:51:10","date_gmt":"2018-10-31T10:21:10","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=35221"},"modified":"2018-10-31T15:51:10","modified_gmt":"2018-10-31T10:21:10","slug":"fall-in-gdp-figures-structural-not-transient-says-sbi-report","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/fall-in-gdp-figures-structural-not-transient-says-sbi-report\/","title":{"rendered":"Fall in GDP figures structural, not transient, says SBI report:\u00a0 \u00a0 \u00a0 \u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/fall-in-gdp-figures-structural-not-transient-says-sbi-report\/article19657429.ece\"><span style=\"font-weight: 400;\">Fall in GDP figures structural, not transient, says SBI report<\/span><\/a><span style=\"font-weight: 400;\">:\u00a0 \u00a0 \u00a0 \u00a0<\/span><\/p>\n<p><b>Context<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India\u2019s falling GDP in the first quarter of the current fiscal shows underscores the problem as more structural than momentary<\/span><\/li>\n<\/ul>\n<p><b>Is Goods and Sales Tax the reason for the present fall in GDP?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">There has been a lot of talks concerning the manufacturing destocking ahead of GST :<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India\u2019s economic growth slipped to a three-year low of 5.7% cent in April-June, underlining the uncertainty related to the GST<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A significant destocking in both consumer as well as investment intensive sectors was already taking pace in 2016-17<\/span><\/li>\n<\/ul>\n<p><b>What is being done by the Government?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The government <\/span><b>may cut expenditure<\/b><span style=\"font-weight: 400;\"> to meet the 3.2% target with fiscal deficit touching 92.4% of the budget estimate by the end of July<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In absolute terms, fiscal deficit \u2014 the difference between expenditure and revenue \u2014 was Rs. 5.04 trillion of budget estimate till July, against 73.7% in the same period last fiscal.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">However, with uncertainties involving GST, it would not be prudent for the government to reduce spending as other growth catalysts are missing.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Fall in GDP figures structural, not transient, says SBI report:\u00a0 \u00a0 \u00a0 \u00a0 Context India\u2019s falling GDP in the first quarter of the current fiscal shows underscores the problem as more structural than momentary Is Goods and Sales Tax the reason for the present fall in GDP? There has been a lot of talks concerning&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/fall-in-gdp-figures-structural-not-transient-says-sbi-report\/\">Continue reading <span class=\"screen-reader-text\">Fall in GDP figures structural, not transient, says SBI report:\u00a0 \u00a0 \u00a0 \u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-35221","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704443557},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=35221"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35221\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=35221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=35221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=35221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}