• India CSR Awards 2025
  • Guest Posts
Friday, July 4, 2025
  • Login
India CSR
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
India CSR
No Result
View All Result
Home Articles

Indian Economy: As Expected

India CSR by India CSR
in Articles
Reading Time: 3 mins read
India CSR
33
VIEWS
Share Share Share Share

The first advanced estimates of the national income released by the National Statistical Office (NSO) have come on expected lines with a projected contraction of GDP by 7.7 per cent. The figure has not come as a major shock to the markets given the overall economic slowdown in the entire world due to the coronavirus pandemic. India’s economy was also among the worst-hit due to the virus outbreak and subsequent long lockdown.

In fact, the contraction of 7.7 percent is for the first eight months thus leaving a huge scope for improvement in the second half of the year. First advanced estimates provide an initial opportunity to the Government to focus on the broad contours of the Union Budget
and urgent corrections needed in sectors under contraction.

After several quarters of contraction due to the COVID-19 pathogen the advanced estimates were bound to see a marginal drop in the overall projection. The contraction of 7.7 percent was pegged after extrapolation of sector-wise indicators including industrial production, financial performance of listed companies in private sector, passenger, cargo and freight handled by Railways, civil aviation and sea ports, vehicle sales etc. for first eight months of the financial year.

All the sectors were badly hit by the lockdown and social distancing norms in place. The economy contracted by almost 24 per cent in the first quarter and by 15.7 per cent during the first half of the year.

It resulted in the domestic economy entering a technical recession. Hence the estimate of GDP contraction. The GDP estimates have some key takeaways, too, that will help the Finance Ministry in preparing the Budget for 2021-22. Biggest of the positives is the steady growth in various sectors of critical importance in the second half. There is a greater belief that the second half will match similar periods of previous years.

This will help in reducing the contraction number and providing impetus to lagging sectors like consumer spending. The sectors most hit during this year were trade, transport, tourism, communications, mining and construction.

With momentum to activities in transport and real estate the numbers are bound to improve in the last quarter before Budgetary provisions are made for ailing sections of economy. Real estate is set to play the role of a gamechanger after the sops introduced in various forms for construction business in the stimulus package.

It will have cascading effect on other allied sectors. The Government’s focus on increasing spending by consumers and subsidies like Prime Minister Aawas Yojana (PMAY) have also marked an uptick in completion of unfinished housing projects and booking for affordable homes by buyers.

According to real estate experts the construction sector is expected to grow at 4.4 per cent in the second half after shrinking by almost 30 per cent in the first half. All these are indicators of a change in economic trajectory in the coming months.

The second estimate coming in February will shed more light on the improving situation and help the Finance Ministry in incorporating plans in accordance with the changing scenario. Manufacturing, production, tourism are the areas that need more focus considering their key contribution in the overall economic scenario. Tourism is likely to remain affected after the restrictions put in place in view of the new strain of virus.

However, with transport and communication adopting the old normal, return of migrant work force has picked up thus giving big impetus to the production and manufacturing sectors. These estimates have data for only first eight months and are sure to be revised in the coming months.

A big fillip has come through the emergency use approval to two coronavirus vaccines. The vaccine roll-out will also help in a major push to the economic activities. The fourth quarter is likely to see a robust growth, perhaps stronger than what is being projected. It will
take time to come out of the first half blues but economic growth was always a game of patience!

IndiaCSR Whatsapp Channel
Tags: Indian Economy

India CSR offers strategic corporate outreach opportunities to amplify your brand’s CSR, Sustainability, and ESG success stories.

📩 Contact us at: biz@indiacsr.in

Let’s collaborate to amplify your brand’s impact in the CSR and ESG ecosystem.

India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

Related Posts

Green Buildings
Articles

When Cities Grow Green by Design: Can Manicured Nature Replace the Wild?

1 week ago
21
Sustainability
Articles

Sustainability Is No Longer the Pitch, It’s the Project

1 month ago
36
Corporate Social Responsibility
Articles

Practices That Power CSR Talent and Governance in India

1 month ago
85
water harvesting in rural India
Articles

From Scarcity to Sustainability: How Water Harvesting is Transforming Rural Communities

2 months ago
61
Top Drivers for Sustainability and Responsibility in 2023
Articles

Three Responsibilities Foreign Investors Must Embrace in India: A New Era of Accountability

3 months ago
24
Pavan Kaushik
Articles

A Strong Mind and Unwavering Decisions by Women Changed the Dynamics of Child Mortality and Maternal Mortality Ratio in India

3 months ago
58
Prioritize the Social Sector and Look at More Inclusive Development
Articles

2025 Should Prioritize the Social Sector and Look at More Inclusive Development

3 months ago
101
Digital Transformation
Articles

Harnessing Digital Transformation for Strengthening Internal Marketing and Organizational Synergy 

3 months ago
10
Corporate Social Responsibility (CSR)
Articles

Closing the Learning Divide: How Edufront is Transforming Schools Through CSR Partnerships

3 months ago
623
Load More
India CSR Awards India CSR Awards India CSR Awards
ADVERTISEMENT

LATEST NEWS

हिन्दुस्तान जिंक ने लैंग्वेज गाइड बुक लांच कर कार्यस्थल समावेशन में नए मानक स्थापित किए

Hindustan Zinc Sets New Standard for Workplace Inclusion with Language Guide

ONGC Supports Amarnath Yatra

Karnataka: Infosys Foundation Commits over Rs. 48 Crore to Boost Maternal and Child Healthcare

India’s ESG Vision Unfolds

Modern Luxury Sofa Sets: Redefining Comfort Through Design Intelligence

HZL HZL HZL
ADVERTISEMENT

TOP NEWS

When to See a Spine Surgeon: Early Signs that require Attention

CSR Impact Must Reflect in Ground-Level Development: DC Kirtishri

From Complexity to Clarity: Navigating the Path of Salesforce Experience Cloud Implementation

Hindustan Zinc Shines with 6 Accolades at the 29th Bhamashah Awards

CSR: Jindal Foundation Rolls Out ‘Hospital on Wheels’ to Boost Rural Healthcare in Jharkhand

Hindustan Zinc Sets New Standard for Workplace Inclusion with Language Guide

Load More

Advertisement

Image Slider
content writing services Guest Post Top 5 Reasons to have Sponsored Posts at India CSR – India’s Largest CSR Media stem learning R2V2 Technologies Private Limited

Interviews

Himanshu Nivsarkar, Senior Executive Vice President and Head of CSR & ESG at Kotak Mahindra Bank
Interviews

Driving Sustainable Impact: An Interview with Himanshu Nivsarkar, Kotak Mahindra Bank

by India CSR
May 22, 2025
140

By Rusen Kumar NEW DELHI (India CSR): Himanshu Nivsarkar, Senior Executive Vice President and Head of CSR & ESG at Kotak...

Read moreDetails
Balamurugan Thevar, CSR Head at Shriram Finance

Empowering Women Drivers: An Interview with Balamurugan Thevar, CSR Head at Shriram Finance

May 20, 2025
214
N E Sridhar, the Chief Sustainability Officer at Titan Company Ltd.

Empowering Rural Craft Entrepreneurs: An Interview with N E Sridhar, Titan Company

May 15, 2025
101
Geetaj Channana, the Head of Corporate Strategy at Vivo India

Empowering Young Innovators Across India: An Interview with Geetaj Channana, the Head of Corporate Strategy at Vivo India

April 25, 2025
54
Load More
Facebook Twitter Youtube LinkedIn Instagram
India CSR Logo

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium services, we invite you to partner with us.

Follow us on social media:


Dear Valued Reader

India CSR is a free media platform that provides up-to-date information on CSR, Sustainability, ESG, and SDGs. They need reader support to continue delivering honest news. Donations of any amount are appreciated.

Help save India CSR.

Donate Now

donate at indiacsr

  • About India CSR
  • Team
  • India CSR Awards 2025
  • Partnership
  • Guest Posts
  • Services
  • Content Writing Services
  • Business Information
  • Contact
  • Privacy Policy
  • Terms of Use
  • Donate

Copyright © 2025 - India CSR | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers

Copyright © 2025 - India CSR | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.