Page 5 - Gdp

Budget 2022-23: Govt likely to target 13-14% nominal growth in FY23

A faster growth projection may cause inflation concerns, say officials

Year-on-year analysis of economic performance serves a very limited purpose

A year-on-year analysis is useful in a conceptual way as it accounts for the seasonal impact on the data, but it tells you next to nothing about the current state of the economy.

Indonesia expects 2022 fiscal deficit to shrink to 4.3% of GDP: Report

A smaller fiscal deficit means the government could reduce its bond issuance target for 2022

Citigroup revises India GDP forecast down by 80 bps to 9% for FY22

It says the economic impact of the Omicron wave in the fourth quarter could be lower than in previous waves, but activity momentum in the third quarter was much lower than expected

Real GDP to grow at around 9.5% in FY22: SBI Ecowrap

The report comes a day after the National Statistical Office (NSO) released the First Advance Estimates of National Income for financial year 2021-22

Is all macroeconomic analysis time-pass, idle chat and ephemeral?

Macroeconomics comprises 6-7 interconnected variables, each of which can or will be different depending on what other 6 are. So what you get at the best of times are wide ranges of possible outcomes.

Top headlines: Quarantine for flyers from abroad, CCI probe against Google

India climb up the ladder of emerging tech patents, shows data. More in today's top headlines

Capex set to cross pre-Covid levels; household expenditure, consumption lag

This indicates that in spite of strong recovery in 2021-22 from the contraction last fiscal year, consumption recovery among the populace is still not broad-based

FY22 GDP estimate on expected lines, but there can be a downward bias

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

India's GDP likely to grow 9.2% in FY22: First advance estimates

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%

Top headlines: Doctors, nurses prep for 3rd wave; EC set to give poll dates

Centre seeks relaxation in promoter shareholding cap for IDBI Bank sale. More in today's top headlines

Omicron-induced curbs may pull down Q4 GDP by 10-30 bps, say some experts

Many others agree on the likelihood of damage, but don't offer numbers, saying it is too early and difficult to put estimates in such a changing environment

At 7.2%, Singapore's 2021 GDP grows at fastest pace in over a decade

The city-state's economy grew 7.2% in 2021, preliminary data showed on Monday, broadly in line with the government's official projection and rebounding from the record 5.4% contraction in 2020

India Q2Fy22 current account deficit at 1.3% of GDP, likely to widen

Central bank says the deficit is mainly due to widening of trade gap and an increase in net outgo of investment income.

Old vs new: The GDP estimation debate

The argument that the new methodology over-estimates GDP numbers requires deeper analysis

India's real GDP likely to maintain 9% growth rate in FY22, FY23: Report

The Indian economy grew at 8.4 per cent in the second quarter of the current fiscal, as against a growth of 20.1 per cent in the April-June quarter

Best of BS Opinion: Hindutva's damaging game, protection from DPA & more

Here is the best of Business Standard's opinion pieces for Tuesday

Sources and methods

Questions about GDP calculation refuse to go away

BofA expects 8.2% GDP growth for India in FY23 with more downside risks

The biggest risk to the projection is a derailed consumption demand that has been the main growth driver in the past many years, said the Bank of America Securities India house economists

Few takers for Subramanian's theory that GDP collapsed before Covid

But those involved with GDP calculations concede he used robust parameters