The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report.
Motilal Oswal Financial Services has projected real GDP growth of 8.7 per cent in FY22, down from 11.1 per cent it had forecast earlier
India's and Brazil's first-quarter 2021 real GDP data show a strong rebound in both economies following a contraction last year of 4.4% in Brazil and 7.1% in India, Moody's Investors Service said
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)
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Monetary policy committee's decisions show there is slim chance of repo rate being increased in near future
Banks begin to slash FY22 growth forecasts; personal credit defaults and unemployment rising
The seasonally adjusted Purchasing Managers' Index (PMI) for manufacturing stood at 50.8 in May, down from 55.5 in April
Bangladesh's growth rests on three pillars: exports, social progress and fiscal prudence
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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
This is the first full-year contraction in the Indian economy in the last four decades since 1979-80, when GDP had shrunk by 5.2 per cent
With the second wave leading to a close down of services, in particular, progress will remain retarded
However, for the full fiscal year, they see economy contracting 7-8%
A British brokerage on Tuesday cut India's FY22 GDP growth estimate by a sharp 0.80 per cent to 9.2 per cent, saying the economic impact of the second wave of infections has been deeper than expected
India remains the "greatest rising power" on the planet and has a number of fundamental strengths that will make it one of the "most powerful" countries in the world, according to report
A recent study found that the poorest of workers earned Rs 15,000 less on average last year. This time, state lockdowns may dent their incomes again
Well-executed policy measures will help meet the challenge of the coronavirus pandemic.
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