Page 10 - India Gdp Growth
GDP estimates on expected lines, has fiscal implications for country
India's inability to go about doing business during the lockdown to contain the coronavirus had a profound impact on the economy
 "GDP estimates on expected lines, has fiscal implications for country")
Fiscal deficit to hit 6.1% of GDP in FY21: Govt's first advance estimates
The National Statistical Office on Thursday estimated nominal GDP at Rs 194.8 trillion - a 4.2 per cent contraction over the previous fiscal year
 "Fiscal deficit to hit 6.1% of GDP in FY21: Govt's first advance estimates")
First advance estimates: GDP to grow 8-11.5% in FY22, say experts
Within services, financial, real estate and professional services are expected to perform well
 "First advance estimates: GDP to grow 8-11.5% in FY22, say experts")
A lost year
Indian economy will need careful policy handling
 "A lost year")
Top headlines: GDP set for worst drop, US rejects India's digital tax
US lawmakers certified Biden win after violent Pro-Trump mob attacks US Capitol, SC raises concerns over protesting farmers health in pandemic
 "Top headlines: GDP set for worst drop, US rejects India's digital tax")
Exports: A post-Covid opportunity
In order to obtain 7 per cent growth, among other things, India has to tackle the stagnation in exports and the next Budget can make a beginning
Advance Estimates for GDP: How accurate have they been over the years?
Advance Estimates have accurately projected the real GDP growth rate in three of the past 12 years
 "Advance Estimates for GDP: How accurate have they been over the years?")
Indian economy riding against the Covid wave, in good health: FinMin
This comes days ahead of the advance estimates for gross domestic product (GDP) growth for FY21
 "Indian economy riding against the Covid wave, in good health: FinMin")
GDP contraction in FY21 is inevitable, the only question is by how much
The GDP contracted an unprecedented 23.9 per cent in the first quarter and came in better than expected 7.5 per cent in the second quarter
Economy to recover in 2021, but output may take another year to regain loss
While inflation is likely to moderate, fiscal deficit is clearly the pain point
 "Economy to recover in 2021, but output may take another year to regain loss")
Brexit to benefit Indian firms only in the long run, say analysts
Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names
 "Brexit to benefit Indian firms only in the long run, say analysts")
Ind-Ra revises projection for economic contraction to 7.8% for FY21
Ind-Ra projections are close to the RBI's expectation of 7.5 per cent GDP growth rate in the current financial year
 "Ind-Ra revises projection for economic contraction to 7.8% for FY21")
Reading the tea leaves: What do jobs data tell us about economic recovery?
Weekly estimates for the first three weeks of December indicate a likely marginal improvement in aggregate employment compared to November
India GDP recovering better than expected; to contract 7.4% in FY21: SBI
The report also says that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms
 "India GDP recovering better than expected; to contract 7.4% in FY21: SBI")
S&P revises India's FY21 GDP contraction forecast to 7.7% from 9% earlier
S&P Global Ratings on Tuesday raised India's growth projection for the current fiscal to (-) 7.7 per cent from (-) 9 per cent estimated earlier on rising demand and falling COVID infection rates. "Rising demand and falling infection rates have tempered our expectation of COVID's hit on the Indian economy. S&P Global Ratings has revised real GDP growth to negative 7.7 per cent for the year ending March 2021, from negative 9 per cent previously," S&P said in a statement. The US-based rating agency said its revision in growth forecast reflects a faster-than-expected recovery in the quarter through September. For the next fiscal, it projected India's growth to rebound to 10 per cent. India's gross domestic product fell 7.5 per cent in the July-September quarter, against a contraction of 23.9 per cent in the April-June quarter. S&P said India is learning to live with the virus, even though the pandemic is far from defeated and reported cases have fallen by more than half ...
 "S&P revises India's FY21 GDP contraction forecast to 7.7% from 9% earlier")
India should focus on sunrise sectors to stay competitive: NITI Aayog CEO
Kant further added that the production-linked incentive (PLI) scheme for 10 key sectors, which the government announced last month, should spur growth in manufacturing in a big way
 "India should focus on sunrise sectors to stay competitive: NITI Aayog CEO")
Covid shock: India got its response right
The economic recovery thus far has vindicated the government's approach to minimising the impact of the pandemic
 "Covid shock: India got its response right")
Nomura says India would be fastest growing Asian economy in 2021
Nomura has turned positive on India's cyclical outlook for 2021, and believes the country is on the cusp of a cyclical recovery
 "Nomura says India would be fastest growing Asian economy in 2021")
Top headlines: Nomura on Indian economy in 2021, govt says no change in MSP
Business Standard brings you top headlines of the evening
 "Top headlines: Nomura on Indian economy in 2021, govt says no change in MSP")
Forget the alphabet jugglery, economic recovery is here to stay: FM
Debunks theory that recent upsurge was due to pent-up or festival demand, says food inflation is seasonal and will cool down
 "Forget the alphabet jugglery, economic recovery is here to stay: FM")
