El Nino may impact Indias GDP by 1.75 pc: ASSOCHAM The deficit - TopicsExpress

El Nino may impact Indias GDP by 1.75 pc: ASSOCHAM The deficit rainfall of 5 percent is due to El Nino factor will cause loss to the GDP of about 1.75 percent i.e. Rs.1,80,000 crore, hurting the lakhs jobs of unskilled sectors, according to the study under taken by ASSOCHAM. It has been estimated test rise in agriculture by one unit was likely to raise demand for industrial goods by 0.47 and services by 0.12 units and GDP falls 0.35 percent with every one percent deficiency from the average rainfall, reveals the ASSOCHAM study.

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