Page 11 - India Gdp

Govt debt set to hit historic high of 91% of GDP in FY21, says report

General government debt-to-GDP ratio stood at 75 per cent in FY20, according to the report by economists of Motilal Oswal Financial Services

Government debt likely to stand at 80% of GDP by FY30: Motilal Oswal

The government's debt rose to 75% of GDP in FY20 from 70% in FY18 and is likely to reach 91% in FY21, according to estimates from the EcoScope report of Motilal Oswal Financial Services.

Top headlines: Slower revenue growth for TCS, Jio unlikely to raise tariffs

From S&P Ratings predicting slower revenue growth for TCS, states to pitch for timely GST compensation at Council meet to cinemas getting ready to open in September, here are top headlines of the day

Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts

Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said

India's Q1FY21 GDP may shrink by 25%, says ICRA; flags distress in MSMEs

India's Q1FY21 GDP is expected to contract by 25 per cent, ratings agency ICRA said on Tuesday

India Coronavirus Dispatch: The 'weekend effect' of RT-PCR testing

The story of a heroic migrant, UP' share in national testing rises, and how the world's two largest democracies fared--a roundup of news on how India is dealing with the pandemic

Does govt have plans to tackle declining GDP, unemployment, asks Congress

"This government cannot be a 'Ram bharose' government, because even Ram helps only those who help themselves," Congress said

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%

RBI's payout unlikely to plug the huge govt revenue hole created by Covid

Last year the RBI's board approved a record payment of Rs 1.76 trillion ($23.5 billion) to the government, which included Rs 1.23 trillion as dividend and Rs 526.4 billion from its surplus capital

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

India must look beyond what rating agencies think, says Raghuram Rajan

RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones, he says

'Atmanirbhar' not inward looking, to make India a supply chain hub: MEA

Chhabra said India has proved that it is the pharmacy of the world as drugs were supplied to 125 countries for battling the Covid-19 crisis

Economic recovery in India hinges on moratorium duration: Chris Wood

Wood suggests that moratorium could trigger a consumer lending non-performing loans (NPL) cycle

Govt to soon come out with a list of strategic sectors: DEA Secretary

Finance Minister Nirmala Sitharaman had in May announced that there will be a maximum of four public sector companies in strategic sectors

Covid-19 impact: India's GDP to contract 6.1% in FY21, says Nomura

Nomura said the June quarter will be the 'nadir' from a growth perspective and the economy will contract by 15.2 per cent

Fiscal deficit to shoot up to 7.6% in FY21; twice budget estimate: Ind-Ra

Ind-Ra said India's gross domestic product (GDP) will contract by 5.3 per cent, while states like Assam, Goa, Gujarat and Sikkim are expected to witness a double-digit contraction

Coronavirus-hit Indian economy to contract by 4% in FY21: ADB forecast

For the countries in developing Asia, ADB forecasts growth of 0.1 per cent for the region in 2020

Path to world-beating growth is tough as India becomes virus hotspot

The blow from a virtual shutdown of a nation of 1.3 billion people has been so severe that economists are struggling to forecast how long it will take to recover

Covid-19 could see the govt missing the $5-trillion economy deadline

The target could get pushed forward by at least two years even if the economy were to grow by an optimistic 7.5% a year after FY21

Q4 GDP data released today: Key things to note

India's gross domestic product for the fourth quarter of the financial year 2020 grew at 3.1 per cent, its slowest pace in at least two years