Page 5 - Gdp Growth

Prioritising expenditure

Govt must focus on providing relief to the needy at this point

Bangladesh rises to be South Asia's standout star as India, Pak fall behind

Bangladesh's growth rests on three pillars: exports, social progress and fiscal prudence

Recovery gains strength: GDP grows 1.6% in Q4, shrinks 7.3% in FY21

The recovery in Q4 was nevertheless impressive in the sense that nominal GDP grew at 8.7 per cent

India's Q4 GDP number: Pick-up in volumes underpinned improved growth

Overall, GDP and GVA contracted by 7.3 per cent and 6.2 per cent, respectively, in FY21, in line with our forecasts (-7.3 per cent and -6.3 per cent, respectively)

Demand pushes up construction and manufacturing sectors in Q4FY21: Experts

However, the growth is largely driven by pent-up demand and holds ominous signs for the current quarter as the second wave is seen to have affected that very part of the economy

Second Covid-19 wave: OECD cuts India growth forecast to 9.9% for FY22

OECD said while India is projected to be the fastest-growing G20 economy in 2021, it will also be the one which is the furthest away from its pre-crisis GDP trend

RBI's status quo policy may revolve around Covid-19 pandemic measures

RBI's forecast for growth is 10.5% for the current fiscal year. Most analysts expect the RBI to lower it in the June 4 monetary policy announcement

The rural worry

Bharat is suffering on multiple counts

A no-action policy with focus on growth

'Unwinding' is unlikely to happen before the third quarter of this year even if we don't mess up in tackling a possible third wave of Covid; rate hike may have to wait for next year

The Great Gatsby Curve: Will India be like East Asia or Latin America?

If India combines great inequality with poor inter-generation mobility, it risks becoming, not like East Asia with its rapid growth rates, but like under-performing Latin America, writes T N Ninan

India's GDP to grow at better-than-expected rate of 1.3% in Q4: SBI report

The estimate in SBI report compares with NSO (National Statistical Office) projection of a negative (-) 1 per cent

Barclays pegs India's FY22 GDP growth at 7.7% in bear-case scenario

Our pessimistic tail-risk scenario assumes another wave of infections and a two-month period of restrictions that disrupt economic activity, Barclays said

April headline numbers deceptive; economy in trough, says ICRA report

Uptick in headline numbers of key economic indicators in April is due to the base effect: ICRA

SBI, HDFC Bank: Here is why bank stocks rallied up to 7% on Monday

Analysts opine that Monday's rally in banks is a sign of investors digesting decline in Covid-19 cases

GDP growth may be below 9% in FY22 due to 2nd Covid wave: Survey

Amid a raging second wave of Covid-19 and subsequent restrictions on business activities imposed by several states, economic recovery is beginning to lose steam

Nomura cuts FY22 GDP growth estimate to 10.8% due to Covid lockdowns

Japanese brokerage Nomura cut its GDP growth estimate for the current 2021-22 fiscal to 10.8 per cent from the earlier 12.6 per cent, blaming the impact of the second wave-induced lockdowns

Tens of millions on the fringes sink into poverty as Covid wrecks India

The government estimates India's gross domestic product shrank 8 per cent in the year ended March, its biggest contraction since 1952

IMF to revisit growth forecast for India due to surge in Covid-19 cases

Covid-19 infections in India have surged past 21 million, with a death toll of 230,168, health ministry data showed

Covid impact: S&P slashes India's GDP growth forecast to 9.8% for FY22

S&P Global Ratings on Wednesday slashed India's GDP growth forecast for the current financial year to 9.8 per cent saying the second COVID wave may derail the budding recovery in the economy and credit conditions. The US-based rating agency in March had a 11 per cent GDP growth forecast for India for the April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus. S&P, which currently has a 'BBB-' rating on India with a stable outlook, said the depth of the Indian economy's deceleration will determine the hit on its sovereign credit profile. The Indian government's fiscal position is already stretched. The general government deficit was about 14 per cent of GDP in fiscal 2021, with net debt stock of just over 90 per cent of GDP. "India's second wave has prompted us to reconsider our forecast of 11 per cent GDP growth this fiscal year. The timing of the peak in cases, and subsequent rate of decline, drive our considerations," said S&P Global ...

Economic cost of mobility curbs, lockdowns at Rs 1.5 trillion: SBI report

SBI has also lowered the gross domestic product (GDP) estimates for fiscal 2021-22 (FY22)