Demand pushes up construction and manufacturing sectors in Q4FY21: Experts

Construction, manufacturing, financial services and agriculture showed positive Gross Value Added (GVA) growths in the fourth quarter of last fiscal year, driven largely by pent-up demand in the first three and stupendous growth in output in the fourth, experts said.

However, the growth in the key sectors of construction and manufacturing driven largely by pent-up demand also holds ominous signs for the current quarter as the second wave of Covid-19 is seen to have affected that very part of the economy, the experts added.

Among the four, construction registered a healthy growth of 14.5 per cent in the January to March quarter of 2020-21 as consumers scrambled to complete their purchases that had been struck due to the extended lockdown and slow growth in the first three quarters.