Page 15 - India Gdp Growth
From PMI to auto sales, August numbers send mixed signals on recovery
E-way bills, after showing an uptrend since April, stagnated in August
 "From PMI to auto sales, August numbers send mixed signals on recovery")
'Economic tsunami': Priyanka Gandhi attacks Centre over plummeting GDP
Congress leader Priyanka Gandhi Vadra on Tuesday attacked the Centre and said that her brother and former party president Rahul Gandhi had predicted about the "economic tsunami" six months ago.
 "'Economic tsunami': Priyanka Gandhi attacks Centre over plummeting GDP")
First economic contraction in 4 decades: India GDP shrinks 23.9% in Q1FY21
The two growth engines, consumer spending and investments contract massively as govt-led spending lifts GDP from falling further. On supply side, only agriculture shows growth, industry contracts 40%
 "First economic contraction in 4 decades: India GDP shrinks 23.9% in Q1FY21")
Q1 GDP numbers show economic outlook fraught with uncertainty
Indian GDP will de-grow in both Q2 FY2021 and Q3 FY2021 but pace of contraction may narrow, writes Aditi Nayar.
 "Q1 GDP numbers show economic outlook fraught with uncertainty")
Q1 GDP data: Employment-creating sectors bear brunt of slowdown
Construction sector fell a staggering 50.3 per cent, while manufacturing sector contracted by 39.3 per cent, at constant prices
 "Q1 GDP data: Employment-creating sectors bear brunt of slowdown")
Agriculture clocks growth rate of 3.4% in Q1 despite GDP contraction
GVA at current prices at 5.7%, down from 8.6% YoY
 "Agriculture clocks growth rate of 3.4% in Q1 despite GDP contraction")
Growth decline due to lockdown; V-shaped recovery in some sectors: CEA
He said indicators like rail freight traffic and electricity consumption are pointing to a recovery in economic activity
 "Growth decline due to lockdown; V-shaped recovery in some sectors: CEA")
Deep contraction in GDP on expected line, recovery to be gradual: Industry
India's GDP shrank steeply by 23.9 per cent in the April-June period as the coronavirus lockdowns battered an already slowing economy
 "Deep contraction in GDP on expected line, recovery to be gradual: Industry")
GDP data: No surprises here; need different policy measures to stem the rot
The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent
 "GDP data: No surprises here; need different policy measures to stem the rot")
Statsguru: Down, yes, but how much? India's Q1 GDP data to reveal on Monday
As many as 13 out of 18 indicators analysed by Business Standard showed a contraction in Apr-Jun, ranging from services exports at a 10% clip, to domestic air travel with more than 90% fall
 "Statsguru: Down, yes, but how much? India's Q1 GDP data to reveal on Monday")
Green shoots are mechanical rebound, don't read much into it: Ex-RBI Guv
Short-term as well as medium-term prospects (for Indian economy) continue to be grim, says D Subbarao
 "Green shoots are mechanical rebound, don't read much into it: Ex-RBI Guv")
Economists agree on massive GDP contraction, differ widely on the extent
At the lower end of the estimate band is India Ratings' 13.6% and at the upper, Pronab Sen predicts a maximum shrink of 35%
Lockdowns hamper recovery in major world economies despite easing of curbs
An analysis of seven major economies, including India seems to suggest that all, save China, are struggling to turn around
 "Lockdowns hamper recovery in major world economies despite easing of curbs")
GDP growth might hit the lowest since 1947, warns N R Narayan Murthy
He also pitched for developing a new system that should allow every player in every sector of the country's economy to operate at full steam with suitable precautions
 "GDP growth might hit the lowest since 1947, warns N R Narayan Murthy")
China's positive GDP growth rate may take a bite out of India's FPI flows
China's economy grew 3.2% in the second quarter, following a slump of 6.8% in the first, according to its National Bureau of Statistics
 "China's positive GDP growth rate may take a bite out of India's FPI flows")
Govt stands behind financial sector for India's growth, says PM Modi
Banks, NBFCs give lowdown on credit flow to PM; present ideas on financial inclusion, housing finance
 "Govt stands behind financial sector for India's growth, says PM Modi")
AI expected to boost India's annual growth by 1.3%, says NITI report
The draft paper titled 'Towards Responsible#AIForAll' saidthere is a potential of large scale adoption of AI in a variety of social sectors.
 "AI expected to boost India's annual growth by 1.3%, says NITI report")
India's business outlook worsening, RBI may cut rates again: Reuters poll
Economy likely to contract this quarter and next and in this fiscal year as a whole, according to poll of 60 economists.
 "India's business outlook worsening, RBI may cut rates again: Reuters poll")
V-shaped recovery in Q3, 4; negative GDP growth in FY21 overall: N K Singh
Singh said the economic expansion in 2022-23 would determine whether or not the initiatives to revive growth are sustainable
 "V-shaped recovery in Q3, 4; negative GDP growth in FY21 overall: N K Singh")
India to post current account surplus this fiscal, first since FY04: Report
After many quarters, the economy logged in a marginal current account surplus in June quarter at 0.1 per cent or $600 million as against a deficit of $4.6 billion or 0.7 per cent of GDP in FY19
 "India to post current account surplus this fiscal, first since FY04: Report")
