Statsguru: Recovery uneven, but upturns expected in banking, construction

Construction may grow at 4.4 per cent in H2 - significantly better compared to other major sectors. If this really happens, it could help reverse the job losses in the informal sector to some extent

As the economic impact of Covid-19 slowly wears off, the first advance estimates of gross domestic product for 2020-21 point towards areas that would lead in the economic recovery. 

The strongest uptick is seen in the financial services, real estate, and professional services segment of the economy. The gross value added (GVA) in this segment had contracted by 6.8 per cent in April-September 2020-21 (H1 FY21), but it is now expected to grow at 7.1 per cent in October-March FY21 (H2), shows chart 1. This means that banking and finance companies and housing developers may be the first riders of