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7th October 2017, 03:02 PM
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Join Date: Aug 2012
Re: Growth Rate of IDBI Bank

The Gross Domestic Product (GDP) Q1 2012-13 of IDBI Bank was as follows:

GDP growth at 5.5% (y-o-y) in Q1 2012-13, was a bit higher than in-house expectations of 5.4%.

The consensus estimated stood around 5.2%, with a segment of the market expecting the reading to be below 5%.

Though the growth number had come in better than consensus, the fact remains that the economy had now sustained below trend rate of growth (post crisis 7.5%) for the fourth straight quarter

The GDP declined by 6.5% (q-o-q) in Q1 2012-13 as compared to Q4 2011-12. The decline was across segments; as agriculture, industry and services marked a q-o-q decline of 11.1%, 6.0% and 5.5% respectively.

The growth rate for production of cereals during the agricultural year 2011-12 (ending June 2012) was noted at 3.5% (y-o-y).

The production of wheat grew by 8.1% (y-o-y), while the production of rice noted a fall of 16.6% (y-o-y). Under commercial crops, the oilseeds production fell by 12.6% (y-o-y). The production of cotton and sugarcane printed growth rates of 6.7% (y-o-y) and 4.5% (y-o-y) respectively.


GDP Q1 2012-13 of IDBI Bank





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