Page 2 - India Gdp Growth

Higher nominal GDP may give Centre a leeway to cut duty on petrol, diesel

Former RBI governor C Rangarajan believes it would be 13 per cent, though his projection came before the war

India's economy faces headwinds amid Russia-Ukraine crisis, says Emkay

India will see lower than previously forecast economic growth because of disruptions from the latest wave of coronavirus cases

GDP advance estimates may be cut to 8.6%, says India Ratings

India Ratings said that according to the revised estimates, the GDP growth in FY20 now stands at 3.7 per cent compared to 4 per cent earlier.

India Ratings pegs GDP growth for FY22 at 8.6% after data revision

India Ratings has revised downwards its GDP growth forecast for 2021-22 to 8.6 per cent from the consensus 9.2 per cent projected earlier. The National Statistical Organisation (NSO), which has forecast 9.2 per cent real GDP growth for the year, will release the second advance estimate of national income on Monday. According to an India Ratings analysis, NSO is likely to peg the FY22 real gross domestic product growth at Rs 147.2 lakh crore. This translates into a GDP growth rate of 8.6 per cent, down from 9.2 per cent forecast in the first advance estimate released on January 7, 2022. The major reason for the likely downward revision is the upward revision of FY21 GDP to Rs 135.6 lakh crore in the first revised estimate of national income for FY21, which was released on January 31, 2022, the agency said. As a result, GDP for FY21 is improved to (-) 6.6 per cent from the provisional estimate of (-)7.3 per cent released on May 31, 2021. Besides this, the second revised estimate of

Barclays forecasts India's GDP growth at 6.6% in December quater

Foreign brokerage Barclays said the Indian economy is likely to have expanded by 6.6 per cent in the December quarter.

India's GDP likely to grow at 5.8% in Oct-Dec, says SBI report

India's gross domestic product (GDP) is likely to grow at 5.8% in the third quarter of fiscal 2022 from October to December, says Ecowrap- SBI's research report.

Top headlines: CBI quizzes ex-NSE CEO, IndiGo co-founder resigns from board

Here are the top headlines on Friday

Economy may have grown 5-6.3% in Q3, likely to expand by 8.5-9.1% in FY22

Both these numbers--the second advance estimates for 2021-22 and the actual GDP growth for Q3 of the year--are slated to be released on February 28

Budget brings stability, inflation less than that during 2008 crisis: FM

There is no question of a slowdown or recession, said Sitharaman, as she cited an estimated 9.2 per cent GDP growth in the current fiscal year ending March 31

Real GDP growth for FY23 projected at 7.8%, says RBI Governor

The Reserve Bank's growth projection for next financial year is lower than 8-8.5 per cent projected by the Finance Ministry in the recent Economic Survey

Little fiscal headroom for govt to respond to future shocks: Fitch

Rating agency says it revised Outlook on India's rating to Negative from Stable in June 2020, partly due to its assumptions about pandemic impact on public finance metrics

Will wholesale inflation fall in FY23 as the Centre expects it to?

Govt's conservative nominal GDP growth estimate suggests it expects a low-inflation, high-growth FY23. But there are potential downsides to growth & upsides to inflation, especially wholesale

Don't blame Covid alone: $5 trn economy goal to be delayed by two years

Next three years will have to deliver 17% nominal GDP growth to take economy to $5 trn by FY25; If Budget assumption on growth is accepted, FY24 and FY25 should yield 20% growth each

Budget opted for lasting benefits, not temporary relief: TV Somanathan

I still hold the view that except for the poor, what is restraining consumption is activity restriction, which is not financial in its origin, says finance secretary

Union Budget 2022 is a very positive and growth-oriented

The fiscal deficit for FY23 has been projected at 6.4 per cent of GDP - a consolidation - but in absolute terms, the deficit is higher than FY22.

At 6.6%, India's GDP contracted less than projected in FY21: NSO data

FY22 growth may NOW dip to 8.8% vs 9.2% estimated earlier; core growth across eight sectors clocks 8.4%

Economic Survey propagates policy agility amid pandemic-induced uncertainty

Highlights govt's 'Barbell Strategy' to offer a bouquet of safety-nets to cushion impact on vulnerable sections/business, with a flexible response that uses feedback-loops with real-time adjustments

Economy Survey: Resilient agriculture sector growth at 3.9% in 2021-22

Agriculture and the allied sector proved to be the most resilient to the Covid-19 shock as it registered a growth of 3.6 per cent in 2020-21 and improved to 3.9 per cent in 2021-22

Budget 2022 likely to boost spending with near-record debt, hold tax rates

Finance Minister will probably increase the budget by about 14% year-on-year to Rs 39.6 trillion in the fiscal year beginning April.

India's economy has bright spots, 'very dark stains': Raghuram Rajan

Economist and former RBI governor fears 'scarring to the middle class' after pent up economic demand ends.