RECOVERY
LOSING STEAM
T forecast a
15.295 in Apr Jun
soe 0.19
(a) would have thanked Mr Cao
2. Read the passage given below:
India is likely to have seen its
Downward Trajectory
lowest point of growth this year
NOMURA: APR-JUN TO SEE
during the April-June quarter
LOWEST GROWTH FOR FY21
at -15.2%, said Nomura. The
No positive
Unaven recovery
Japanese brokerage said in a report contraction of growth in any
conunued in July
quarter
on Wednesday that no quarter
supply reviva
for the demand
would see positive growth in this FY21 to
financial year, resulting in -6.1% contraction
Paca of recovery
slowing down in Aug
gross domestic product (GDP)
growth rate. Further, the Nomura
India Business Resumption Index (NIBRI) flatlined at 73.4 for the week ended August 23,
suggesting a slower pickup as the post-lockdown euphoria eased, said the report. The
NIBRI is a weekly tracker of the pace of resumption of economic activity.
"We currently believe Q2(CY) was the low point for growth, and expect GDP growth to
plummet to -15.2% y-o-y from 3.1% in Q1," said the report.
A comprehensive sectoral indicator analysis of the April-June quarter performance
showed the sharpest declines in domestic passenger vehicle and two-wheeler sales,
investment in capital goods, steel output, imports by value (excluding oil and gold), and
milway and aviation passenger traffic. While conditions improved in July the recovery
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the value of A if sin5A = cos 4A.
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