Page 6 - India Gdp Growth

Nearly double-digit GDP growth expected in FY22: PEA Sanjeev Sanyal

The economy is slowly getting back to normalcy as the number of Covid-19 cases is declining, he said

Nomura ups India's 2022 GDP forecast to 7.7%; sees inflation at 5.3%

GDP, according to their estimates, is likely to contract by 4.3 per cent quarter-on-quarter (q-o-q) in Q2, much smaller than during the first wave (-24.7 per cent)

RBI lowers FY22 GDP forecast to 9.5%, CPI inflation projected at 5.1%

Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside. The rising trajectory of international commodity prices, especially of crude

Expect over 9.5% GDP growth in FY22: Axis Bank's chief economist

Vaccination holds the key on the growth front going ahead, he said, warning that if the inoculations fall short, it can shave off 1 percentage point from the GDP growth estimate

Centre's indirect tax share in GDP rises in FY21 after four years

Share of corporation tax collections in gross tax revenue falls to 10-year low

2nd Covid wave increased financial risks to households, small biz: Moody's

India's financial sector, the rating agency said, is the main driver of potential event risk to the sovereign

Covid impact: India's economy unlikely to see double-digit growth in FY22

Barclays has pegged growth at 7.7 per cent in a bear-case scenario, if the country is hit by a third wave of the pandemic.

Recovery gains strength: GDP grows 1.6% in Q4, shrinks 7.3% in FY21

The recovery in Q4 was nevertheless impressive in the sense that nominal GDP grew at 8.7 per cent

Second wave of Covid-19 pandemic pushed GDP into deepest contraction

The situation changed over the second half as gradual unlocking, easier fin­ancial conditions and higher household financial savings, helped stoke pent-up demand

Can the rich help?

The recovery cannot be investments-led because most enterprises are nursing excess capacities

GDP growth springs a positive surprise: Four implications for FY22

The positives apart, it is clear consumption can't rebound meaningfully without large-scale vaccination; the good news is the rate is likely to improve steadily in the coming months

Q4 GDP numbers: Carving FY22 recovery amidst Covid setbacks

Indeed, while FY21 GDP reinforces the sharp slowdown in growth in a pandemic year, it also offers a low base for a mechanical bounce in FY22 recovery

India's fiscal deficit at 9.3% of GDP in 2020-21: Govt data

Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) on Monday said that the revenue deficit at the end of the fiscal was 7.42 per cent

India's Q4 GDP data likely to be better than estimates, say experts

However, for the full fiscal year, they see economy contracting 7-8%

Barclays pegs India's FY22 GDP growth at 7.7% in bear-case scenario

Our pessimistic tail-risk scenario assumes another wave of infections and a two-month period of restrictions that disrupt economic activity, Barclays said

UN expects India's GDP to grow 7.5% in 2021, outlook fragile due to Covid

The United Nations has raised India's growth forecast to 7.5 per cent for calendar year 2021, but said the country's outlook for the year remains highly fragile

Nomura cuts FY22 GDP growth estimate to 10.8% due to Covid lockdowns

Japanese brokerage Nomura cut its GDP growth estimate for the current 2021-22 fiscal to 10.8 per cent from the earlier 12.6 per cent, blaming the impact of the second wave-induced lockdowns

FY22 growth may slip to 8.2% if second wave peak comes in end-June: Crisil

India's economic growth may slip to 8.2% if the second wave peaks at end of June, domestic rating agency Crisil warned on Monday, maintaining its baseline estimate of an 11% uptick in activity

IMF to revisit growth forecast for India due to surge in Covid-19 cases

Covid-19 infections in India have surged past 21 million, with a death toll of 230,168, health ministry data showed

Second Covid-19 wave may derail India's strong economic recovery: S&P

Lockdowns could thwart robust rebound