Page 9 - Gross Domestic Product

Early signals for the fisc

The April-May figures show a sharp rise in external financing and spending on farm as well as rural India

The missing policy

Decision on public sector enterprises should not be delayed

India's GDP likely to contract by 6.4% in FY21, says Care Ratings

The rating agency, in May, had projected a decline in GDP growth of 1.5-1.6 per cent in FY21.

Will today's economic scratch leave a scar?

Attention is turning to India's post-pandemic potential growth, which could fall to a two-decade low

A tentative recovery

Data suggests that the economy is bottoming out

The end of food inflation?

Improving efficiency in producing and converting edible calories when demand weakens could throw new social challenges

India records current account surplus of 0.1% of GDP, at $600 mn in Q4

As against this, there was a deficit of $4.6 bn, or 0.7% of GDP in the year ago quarter and $2.6 billion (0.4% of GDP) in Q3 of 2019-20

The huge disconnect

Gloomy economic narrative does not justify stock market highs

India's trust and credibility deficits

The country needs less event management and more considered anticipatory action

Unlock 1.0: Essential shopping rebounds fastest to pre-lockdown levels

The latest weekly figures show power generation is close to 2019 levels as industries gradually reopen.

Weekly economic signals: Internet speeds hit highs, grocery visits rebound

Other indicators such as power generation and visits pharmacy stores also point to increased activity, though the overall picture suggests a return normalcy is still in process

India's Covid-19 pandemic fiscal cost lowest among major nations: Report

Business Standard's own calculations suggest that the Centre's fiscal impact amounts to around Rs 2.28 trillion, or around 1.2 per cent of GDP.

Unlocking India

Green shoots can barely hide the economic pain

The oil factor

The surplus should not be a cause for any celebration

Recovering from the Covid epidemic

The fiscal conservatism of the finance ministry means growth revival will take longer and may not be seen till late in the next fiscal year or even later

Morgan Stanley economists double down on V-shape global recovery

The economists said they expect global GDP growth will trough at -8.6 per cent year on year in the second quarter

Rating rationale

India must walk the talk on deep structural reforms

Minimum economic security is not unaffordable

In the concluding part, the author lays down the fiscal arithmetic for an illustrative UBI supplement in India

GDP: Growth vs levels

India's GDP is unlikely to recover to its 2019-20 level until the second half of 2021-22

Covid-19 crisis: Test for steel industry as domestic demand shrinks

Shrinking domestic demand offers the industry the chance to become globally competitive