# GDP

• India’s economic activity slowed to 4.4% in the December quarter as manufacturing activity was seen to be sluggish.
• The economy expanded at 6.3% during the second quarter of the current financial year and 5.2% in the December quarter of 2021.
• The latest number released by the national statistical office also revised upwards the growth estimates for 2021-22 to 9.1% against 8.7% earlier.
• Production of eight infrastructure sectors expanded at the four months high of 7.8% in January 2023 on better show by coal, fertilizer, steel and electricity segments, according to official data released on Tuesday.

# G20

• Chinese foreign minister Qin Gang on Tuesday confirmed his participation in the G20 meeting on March 2.
• But Japan, one of India’s key partners in the Indo Pacific, will likely be represented by a junior minister.
• The visit of Qin Gang is significant as it will be Qin’s first visit as foreign minister to India.
• Meanwhile, India approved its largest ever hydropower project in Arunachal Pradesh bordering China.
• The government approved the estimated investment of $3.9 billion for 2880 MW Dibang project in Arunachal pradesh.

# Adani

• After plummeting almost unabated for more than a month, eight of 10 Adani group shares made a strong recovery on Tuesday.
• Only two stocks, Adani total Gas and Adani transmission closed in negative.
• The day’s, rally added a little over ₹30000 crore to the Group’s combined market capitalization.

# El Nino

• Along with India as a whole, this February was, also the warmest on record in North West India, with the average daily temperature as much as, 3.4 degree celsius above normal.
• The IMD also warned of more heatwave days in the coming summer.