The next fiscal year (FY23) will be the one to watch out for and assuming that there would be no more Covid shocks, growth would be more real
According to the statistics office, agriculture is expected to grow at 3.9% in FY22 while manufacturing is likely to expand by 12.5% and trade and hotel sector are expected to grow at 11.9%
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Goyal said monetary-fiscal coordination has worked well and stimulus has been adequate but not excessive
India needs to focus on ease of doing business, consistent tax policy and lower cost of capital to achieve a sustained growth rate of over eight per cent in the long term
The poll is based on responses of about 100 CEOs
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Stock market LIVE: A slew of positive macro economic data coupled with supportive overseas cues helped the markets rally today
The Congress on Tuesday claimed the latest GDP figures "reveal the continued abysmal performance" of the economy and the "abject failure" of the government's policies
While the non-services segments are expected to accelerate in Q3 and Q4, the omicron effect can play a role in guiding growth of services
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Reuters survey of 44 economists projected GDP data will show 8.4% year-on-year growth: the fastest among major economies.
Leading rating agency India Ratings expects the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22, which is 10 bps lower than the consensus forecast. The agency has attributed the higher growth to the nine consecutive quarters of over 3 per cent agriculture growth, which has brightened consumer spending and the resultant uptick in private final consumption expenditure, which is likely to clip at around 10 per cent in the September quarter of the current fiscal. Another major reason is the near three-fold jump in vaccination, which soared to 890.21 million as of October-end from 335.72 million at June-end. The government will announce the numbers on Tuesday. Noting that Q1 was impacted by the second wave leading to reduced workplace mobility and in turn economic activities, which at end-Q1 was 26 per cent lower than the base line and 16 per cent lower than baseline in FY21, it said mobility started improving only in Q2 yet it was only 7 per cent ...
The Reserve Bank of India has pegged growth for the same period at 7.9%
India's Q2FY22 GDP is expected to grow by 8.5 per cent on a year-on-year (YoY) basis amid support from a favourable base, Acuite Ratings and Research said
FY22 projection raised to 9.3-9.6% range
The consumer price index (CPI) fell to 4.3 per cent in September 2021, the lowest since April 2021.
The real GDP is the inflation adjusted figure of all the finished goods and services produced in a country within a specific time period
The government's recent spate of programmes should be expected to generate some momentum, but the macro-economic numbers are not encouraging, notes T N Ninan
The central bank also retained the GDP growth forecast at 9.5% for the on-going fiscal year and revised CPI inflation projection downward to 5.3% which also supported sentiment