Page 8 - Gdp
9.5% growth projection for whole year seems on track: RBI Dy Governor Patra
Reserve Bank will remain in surplus mode and the liquidity management framework will continue in absorption mode, he added
 "9.5% growth projection for whole year seems on track: RBI Dy Governor Patra")
Household debt may have declined to 34% in Q1 FY22, says SBI report
The household debt as a percentage of gross domestic product (GDP) may have declined to 34 per cent in the first quarter of 2021-22, according to an estimate by the State Bank of India's research report Ecowrap. The COVID-19 pandemic has resulted in a spike in household debt to the GDP rate. As per the report, it rose sharply to 37.3 per cent in 2020-21 from 32.5 per cent in 2019-20. We estimate that household debt as a percentage of GDP has declined to 34 per cent in Q1 FY22 with the commensurate rise in GDP in the first quarter, though it has increased in absolute terms, the research report released on Wednesday showed. In absolute numbers, the household debt has increased to Rs 75 lakh crore in the first quarter of FY22 from Rs 73.59 lakh crore in FY21, it said. It said the recently released India Debt & Investment Survey (AIDIS) report for 2018 showed an increase in the average amount of debt among rural as well as urban households between 2012 and 2018. The average amount of
 "Household debt may have declined to 34% in Q1 FY22, says SBI report")
Why has India's growth slowed?
The slowdown in growth is primarily on account of the banking crisis
 "Why has India's growth slowed?")
RBI optimistic about 9.5% GDP growth estimate for FY22 being met: Das
'We don't anticipate a scenario of high inflation getting generalised, high asset prices not feeding price rise,' says RBI Governor
 "RBI optimistic about 9.5% GDP growth estimate for FY22 being met: Das")
Top headlines: Car sales skid, Prosus joins top global investors, and more
From vehicle sales taking a beating in August to Jet Airways' plans to resume service by early 2022, Business Standard brings you the top headlines at this hour
 "Top headlines: Car sales skid, Prosus joins top global investors, and more")
India's market capitalisation to GDP ratio hits 13-year high of 122%
Comes in the backdrop of 0.7% growth in India's annualised GDP at current price
 "India's market capitalisation to GDP ratio hits 13-year high of 122%")
Low base drives up India's GDP growth to record 20.1% in Q1FY22
Growth yet to get back to pre-covid level, CEA sees it happening next year
 "Low base drives up India's GDP growth to record 20.1% in Q1FY22")
Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target
Non-tax revenues such as dividends from RBI and public sector banks yielded Rs 1.39 trillion
 "Apr-Jul fiscal deficit narrows to 9-year low, reaches 21.3% of FY22 target")
Why GDP expansion by 20.1% in Q1 of FY22 is misleading
Distorted base of last year's stringent nationwide lockdown obscured devastation of second wave of Covid-19 that came with staggered state-wise curbs in Q1 of current fiscal
 "Why GDP expansion by 20.1% in Q1 of FY22 is misleading")
Economy to see robust growth on back of structural reforms, capex push: CEA
GDP data re-affirms govt's prediction of an imminent V-shaped recovery, says K V Subramanian
 "Economy to see robust growth on back of structural reforms, capex push: CEA")
Two years lost
Second wave damped hopes of recovery in Q1
 "Two years lost")
India's GDP growth accelerates to 20.1% in Q1FY22 on low base
The rebound came despite the drag from the deadly second wave of the coronavirus, which forced states across India to reimpose localised lockdowns
 "India's GDP growth accelerates to 20.1% in Q1FY22 on low base")
Q1 GDP more of a statistic rather than a reflection of the state of economy
These growth numbers will moderate going ahead, as the base effect becomes weaker provided there are no further lockdowns
 "Q1 GDP more of a statistic rather than a reflection of the state of economy")
Economists project GDP growth at 14%-23% in Q1FY22
The growth was projected on a low base of 24.4 per cent contraction in the gross domestic product in Q4 of the previous financial year.
 "Economists project GDP growth at 14%-23% in Q1FY22")
Public finance of states to improve in FY22 over earlier projections: IndRa
Expects higher gross domestic product at current prices and revenues in the current financial year than projected earlier, despite impact of the second wave of Covid-19
 "Public finance of states to improve in FY22 over earlier projections: IndRa")
GDP growth likely touched record in April-June, riding on weak base: Poll
Reuters poll of 41 economists confirmed gross home product rose 20.0% in the three-month interval, in contrast with a record contraction of 24.4% in the identical quarter a year earlier
 "GDP growth likely touched record in April-June, riding on weak base: Poll")
Statsguru: FDI to literacy, 6 charts explain Afghanistan's economic woes
The country's gross domestic product (GDP) was lower in 2020 than in 2013
 "Statsguru: FDI to literacy, 6 charts explain Afghanistan's economic woes")
Afghanistan GDP may slump 20%, currency may slide further: Fitch Solutions
"It is likely that the economy will contract sharply this year," Anwita Basu, head of Asia Country Risk at Fitch Solutions
 "Afghanistan GDP may slump 20%, currency may slide further: Fitch Solutions")
Inflation has peaked and is likely to stabilise going forward: RBI
For a one percentage point reduction in inflation, 1.5-2 percentage points of GDP have to be foregone
 "Inflation has peaked and is likely to stabilise going forward: RBI")
India's GDP likely to grow 13-23% in first quarter, say economists
The IIP was up 45 per cent in the first quarter due to the 134.63 per cent rise in April owing to a low base
 "India's GDP likely to grow 13-23% in first quarter, say economists")
