Page 4 - Latest Updates on Gross Domestic Product (GDP)
New projects fall over 50% in June as coronavirus lockdown takes hold
Data from the Centre for Monitoring Indian Economy shows full effect of shutdown in June quarter
 "New projects fall over 50% in June as coronavirus lockdown takes hold")
Estimate space sector's share in GDP before allowing pvt sector: Experts
The Indian government should first gather data as to the share of space sector in the country's GDP and resolve conflict of interest issue before framing policies, said industry experts.
 "Estimate space sector's share in GDP before allowing pvt sector: Experts")
India coronavirus dispatch: Poor spending heightens vulnerability to crisis
Mizoram enforces Lockdown 7.0, Hyderabad suspends Covid testing, and stroke, depression, anxi-ety in Covid patients - a roundup of news on how India is dealing with the pandemic
 "India coronavirus dispatch: Poor spending heightens vulnerability to crisis")
Farm sector the only silver lining in FY21 as economy nears negative zone
Though it may not have a huge impact on overall economic growth given its diminishing share in India's GDP, positive growth in agriculture has the potential to revive the rural economy
 "Farm sector the only silver lining in FY21 as economy nears negative zone")
'Turn Covid crisis into an opportunity': PM speech 10 key highlights
PM today said our economy is facing unprecedented challenge but is determined to convert them into an opportunity
 "'Turn Covid crisis into an opportunity': PM speech 10 key highlights")
India's high debt-to-GDP ratio acceptable in times of Covid, say analysts
However, Centre and states must have a clear road map on what the extra borrowing will be spent on, and on how they plan to return to a path of fiscal consolidation
 "India's high debt-to-GDP ratio acceptable in times of Covid, say analysts")
Covid-19 pandemic to delay consumer price index, GDP base year revision
Besides challenges related to carrying out field surveys amid the pandemic, primary concern pertains to the current year not being a normal economic year
 "Covid-19 pandemic to delay consumer price index, GDP base year revision")
Ratio of India's public debt to GDP likely to scale a new high in FY21
According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020
 "Ratio of India's public debt to GDP likely to scale a new high in FY21")
BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister
The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 crore start-up fund of funds launched five years ago
 "BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister")
India GDP could contract 5.3% due to coronavirus 'disorder': India Ratings
Pandemic disrupted production, broke supply chains 'washed out of activities' in key sectors: Ratings agency.
 "India GDP could contract 5.3% due to coronavirus 'disorder': India Ratings")
Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds
Collections may come under pressure once the base effect wears off
 "Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds")
Fitch Ratings, CRISIL, SBI Research see India economy shrinking in FY21
CRISIL said it expected the current quarter's GDP to shrink 25 per cent year on year.
 "Fitch Ratings, CRISIL, SBI Research see India economy shrinking in FY21")
Indian economy on course for full-year contraction: DBS Bank economist
The government on Saturday said a phased exit would begin on June 1 from the over-two-months-long nationwide lockdown
 "Indian economy on course for full-year contraction: DBS Bank economist")
Q4 GDP figures overstated? Economists raise doubts over quality of data
Data released on November 29, 2019 showed that GDP grew 5 per cent in the first quarter and 4.5 per cent in the second quarter of FY20
 "Q4 GDP figures overstated? Economists raise doubts over quality of data")
India may see 7.3% contraction if coronavirus strikes again: OECD
If it doesn't, the grouping of advanced countries in its twice-yearly publication-OECD Economic Outlook-- said that it expected India's economy to contract 3.7 per cent during the year.
 "India may see 7.3% contraction if coronavirus strikes again: OECD")
Downgrade of India's sovereign rating by Moody's not surprising: SBI report
India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.
 "Downgrade of India's sovereign rating by Moody's not surprising: SBI report")
India's tax-GDP ratio plunges to 9.88% in FY20, lowest in 10 years
While the ratio determines the extent to which the government is able to finance its expenditure, it is also an indicator of tax compliance
 "India's tax-GDP ratio plunges to 9.88% in FY20, lowest in 10 years")
Economy in Modi 2.0: A year best forgotten as things turn bad to worse
Even before the lockdown, the economy was on the downhill despite the Centre announcing huge corporation tax cuts
 "Economy in Modi 2.0: A year best forgotten as things turn bad to worse")
Fitch revises India's rating: A third view which is different yet again?
Fitch has used the pandemic impact to comment on lower growth for India, which can be -5 per cent this year due to the lockdown and its effects
 "Fitch revises India's rating: A third view which is different yet again?")
Fitch revises India's sovereign rating outlook to negative from stable
Retains ratings at lowest investment grade
 "Fitch revises India's sovereign rating outlook to negative from stable")
