Indeed, while FY21 GDP reinforces the sharp slowdown in growth in a pandemic year, it also offers a low base for a mechanical bounce in FY22 recovery
The OECD said central banks in advanced economies should keep financial conditions relaxed and tolerate inflation overshooting their targets.
India Inc's combined net profit was up 57.6% to Rs 5.31 trillion in FY21
'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
Pakistan has also revised down its GDP data for the financial year that ended last June to show a contraction of 0.47 per cent from one of 0.38 per cent
Government must now step up expenditure to boost demand for private investment and consumption, said RBI
Looks like India's demand curve has shifted downwards for a couple of years at least, writes Shailesh Dobhal
Domestic ratings agency Icra on Monday forecast a 2 per cent GDP growth in the fourth quarter of 2020-21, and a 7.3 per cent contraction for the full fiscal year
ICICI Securities says impact of GDP weakness felt more by unorganised sector
Data to be released by month-end; FY22 gap may widen to 7.15% against BE of 6.8%, say experts
Concern over a falling share of corporation tax revenue may get worse
Govt must take steps to avoid a downgrade
Here are the best of Business Standard's opinion pieces for Thursday
Outlook beset by uncertainties, but GDP in 2021-22 likely to be lower than in 2019-20
MUMBAI (Reuters) - An ongoing second wave of COVID-19 infections in India could hurt its near-term economic recovery and possibly diminish growth for the full year, S&P Global Ratings said on Tuesday.
Bankers say sale of Lavasa Corp, currently under bankruptcy, and RCap and Reliance Naval deals will be delayed, as bidders are re-thinking plans
Pandemic second wave might reach its peak "around 20 days from now, says lender's report
The Indian economy is projected to grow at 11 per cent in the current financial year amid the "strong" vaccine drive, said ADB on Wednesday
A weaker Rs, slower growth, and higher inflation could lead to investors focusing on export-oriented stocks
Benchmark indices drop 3% before settling 1.8% lower, amid Covid-19 surge, new restrictions