Page 21 - Gdp

FIEO expects 20% fall in export during FY21 over coronavirus pandemic

The outlook is "extremely negative" at the moment, and fall in export will also be accompanied by a decline in import, an official of the apex exporters' body said

Govt package only worth Rs 3.22 trn and 1.6% of GDP, not Rs 20 trn: Cong

Congress' senior spokesperson Anand Sharma Sharma said Prime Minister Narendra Modi must "walk the talk" and announce the measures required by giving money in the hands of the poor

Covid-19 could cause economic loss up to $8.8 trn, 9.7% of global GDP: ADB

Nearly 300,000 people worldwide have died from complications from the virus, which has infected more than 4.3 million people

With Rs 20-trn package, fiscal deficit to balloon to 7.9% in FY21: Report

"We estimate a 4.5% direct impact on fiscal deficit purely because of revenue shortfall / automatic fiscal stabilizer and a 0.9% indirect effect because of GDP change," the SBI report says

The lockdown hammer

Keeping the economy locked costs lives too and it may not be a price worth paying

Fiscal stimulus package fails to provide succour to the poorest: Opposition

Senior Congress leader P Chidambaram said the need of the hour was to put money into the pockets of the people, particularly the poorest 130 million people

India to grow at 1.2% in CY20, global GDP to shrink by 3.2%, says UN

The World Economic Situation and Prospects as of mid-2020 released on Wednesday by the UN said that global gross domestic product is forecast to shrink by 3.2 per cent in 2020

UN lowers India growth rate projection to 1.2% in 2020, to recover in 2021

India's economic growth is forecast to slow to 1.2 per cent in 2020, a further deterioration from the already slowed growth of 4.1 per cent in 2019

Morgan Stanley sees 3% contraction in global GDP; 12% dip in MSCI EM index

The global economy appears headed to its most severe recession in the post-war era, although there is a fair chance of rapid rebound in the second half of 2020-2 on unprecedented policy easing

Unsure whether India gains if businesses shift from China: Abhijit Banerjee

"India plans to spend less than one per cent of its GDP at Rs 1.70 trillion. We should spend a much-increased proportion of GDP," he said

Tax-burden on India's GDP to rise further, hitting consumption and savings

In FY19, indirect taxes (net of subsidies) accounted for nearly 10 per cent of GDP up from 9.3 per cent a year ago and low of 6.1 per cent in FY10

Eight suggestions from Abhijit Banerjee to revive the Covid-19-hit economy

Abhijit Banerjee pointed out several measures, including giving temporary ration cards, a bigger stimulus package and providing cash to India's poorest 60% to revive the Covid-19-hit economy

Icra expects GDP to contract by 20% in June quarter, 2% fall in FY21

The agency's earlier economic forecast was a range, according to which the GDP may either expand by 1 per cent or contract by 1 per cent in 2020-21

Lockdown 3.0: What next for the Indian economy and the stock markets?

Major industrial hubs like Delhi, Mumbai, Ahmedabad, Pune remain in the red zone, and hence, the relaxations given in lockdown extension may not make any material impact on the slowing economic growth

RBI governor Shaktikanta Das to hold meeting with bank chiefs today

The meeting will take stock of implementation of several steps announced by the RBI, including moderation in interest rate and its transmission, as well as liquidity infusion measures for industry

Lockdown extension beyond May can lower growth to zero, says CRISIL

The sharp deceleration in growth and increased income uncertainty is certain to pull demand down, it says

India's defence cost: High on personnel and low on modernisation

The most recent Indian budgetary figures put India's defence expenditure for FY20 at $59.7 bn which is less than SIPRI's estimates and actually puts India at 5th, behind both Russia and Saudi Arabia.

Covid-19 fallout: UBS pegs FY21 India growth at -0.4%, a four decade low

The worst-case scenario, assumes that coronavirus (Covid-19) will continue to spread, possibly in waves, all the way through to mid-2021

Covid-19: US deficit could quadruple to $3.7 trillion; GDP to fall 40%

The CBO report illustrated the fiscal pressures lawmakers in Congress face as they prepare to craft new legislation to respond to the pandemic

Miners seek moratorium on dues as lockdown cripples operations

Experts believe Q1 will be a complete washout for the sector; assuming subdued activity during monsoons or Q2, revival is only expected towards the second half of FY21