India's GDP Growth Story: Q4 Surge & Sectoral Health: 18 flashcards
All 18 flashcards from this kit, free and with no sign-up.
1. What are the second advance estimates?
Show the answer
Updated GDP estimates released with more complete data than the first advance estimates, covering both annual and quarterly figures.
2. What was India's Q4 GDP growth rate?
Show the answer
7.4%
3. Which sector pushed Q4 GDP growth to 7.4%?
Show the answer
Industrial growth (manufacturing and industrial activity).
4. Define nominal GDP.
Show the answer
GDP measured at current prices, including the effect of inflation.
5. Define real GDP.
Show the answer
GDP adjusted for inflation, reflecting true volume growth.
6. What does GVA stand for and measure?
Show the answer
Gross Value Added — measures the value added by each sector of the economy (supply side).
7. Why is manufacturing considered a high-multiplier sector?
Show the answer
Because industrial growth creates jobs, boosts exports, increases demand for raw materials, and has ripple effects across the economy.
8. What is the difference between annual and quarterly estimates?
Show the answer
Annual estimates give the full-year picture; quarterly estimates show the rhythm within the year.
9. Why can a low base effect inflate growth rates?
Show the answer
If the previous period had unusually low output, the growth rate from that low base appears artificially high.
10. What does a critical analysis of GDP check?
Show the answer
Whether growth is broad-based or driven by one sector, whether base effects inflated it, and consistency between quarterly and annual estimates.
11. Which sector is described as the 'reliable backbone' of the economy?
Show the answer
Services.
12. Why is agriculture called the 'quiet influencer'?
Show the answer
It employs a huge workforce and healthy farm output supports rural demand, which feeds industrial and service growth.
13. What is the formula relating nominal GDP, real GDP, and inflation?
Show the answer
Real GDP growth ≈ Nominal GDP growth − Inflation rate.
14. What is the main risk of celebrating a big nominal GDP number?
Show the answer
It might just reflect price increases (inflation) rather than genuine volume growth.
15. Why does one quarter's growth not establish a long-term trend?
Show the answer
A single quarter is one chapter; annual estimates and multiple quarters are needed to see the full arc and rhythm.
16. What does broad-based GVA health indicate?
Show the answer
That multiple sectors are contributing to growth, making the growth story more credible and sustainable.
17. What are the three sectors mentioned in sectoral GVA analysis?
Show the answer
Agriculture, manufacturing (industry), and services.
18. Why do advance estimates come in stages?
Show the answer
Because data completeness improves over time; first estimates use limited data, second estimates use more complete information.
Your notes can be a kit like these
Every kit here was made from real study material. Point Veda at a chapter, a PDF, a photo or a link and get notes, flashcards, practice MCQs, games and a scored test — free, in 42 languages.
- Chapter notes
- Flashcards
- Practice MCQs
- Scored tests
- Exam prep
Get Veda free See what students get
Free to start · No ads · Works in 42 languages