Page 6 - India Gdp

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

Covid impact: S&P slashes India's GDP growth forecast to 9.8% for FY22

S&P Global Ratings on Wednesday slashed India's GDP growth forecast for the current financial year to 9.8 per cent saying the second COVID wave may derail the budding recovery in the economy and credit conditions. The US-based rating agency in March had a 11 per cent GDP growth forecast for India for the April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus. S&P, which currently has a 'BBB-' rating on India with a stable outlook, said the depth of the Indian economy's deceleration will determine the hit on its sovereign credit profile. The Indian government's fiscal position is already stretched. The general government deficit was about 14 per cent of GDP in fiscal 2021, with net debt stock of just over 90 per cent of GDP. "India's second wave has prompted us to reconsider our forecast of 11 per cent GDP growth this fiscal year. The timing of the peak in cases, and subsequent rate of decline, drive our considerations," said S&P Global ...

India's GDP to grow at 11% this fiscal, economic recovery at risk: ADB

The Indian economy is projected to grow at 11 per cent in the current financial year amid the "strong" vaccine drive, said ADB on Wednesday

Economic cost of mobility curbs, lockdowns at Rs 1.5 trillion: SBI report

SBI has also lowered the gross domestic product (GDP) estimates for fiscal 2021-22 (FY22)

Economy better placed to meet second Covid wave with vaccination drive: CEA

Subramanian said a key factor during pandemic is the role of e-commerce and digitisation that India embraced

A month-long national coronavirus lockdown can dent GDP by 2%: Report

India's economic recovery is still "shallow" and a month's national lockdown to curb the rising pace of Covid-19 infections can dent the GDP by up to 2%, an American brokerage warned on Tuesday

Gig economy can support 90 million jobs in India, add 1.25% to GDP: Report

The gig economy can serve up to 90 million jobs in the non-farm sectors in India with a potential to add 1.25 per cent to the GDP over the "long term", a report said on Tuesday

India's economy projected to record stronger recovery in 2021: UNCTAD

India's economy, estimated to contract by 6.9 per cent in 2020 due to the coronavirus pandemic, is forecast to record a "stronger recovery" in 2021 and grow by 5 per cent, according to a UN report

Steps taken by govt during pandemic yielding results, says Thakur

Steps taken by the government to deal with Covid-19 pandemic are resulting in 'V-shaped' economic recovery, Thakur said

PLI to drive capex in industrial sectors by 40-45 % in FY22: CRISIL report

India's GDP growth to be at 11 per cent in fiscal 2022, says report predicting two-phase economic recovery

Poll-bound states spend heavily this year amid ambitious Budget projections

But their Budget numbers are inclined to be overstated due to substantial revisions in revenues and grants shared by the Centre

Different strokes: New series leading to diverging trends in GDP, GVA

The revised method of GDP did not only change the base year, but also the way it is computed.

Q3 GDP growth number: Covid-driven recession over, double dip ahead

GDP is implicitly projected by NSO to slip back into contraction of 1.1% in Q4FY21. This appears to be an outcome of the back-ended release in the Govt's subsidies that is on the anvil in Q4

India hit by 'double whammy' of low growth, high inflation: Cong on Q3 data

Congress'' chief spokesperson Randeep Surjewala said the third quarter GDP data proves yet again that fault lines in the Indian economy are more visible than ever before

Top headlines: Q3 GDP growth at 0.4%, EC announces poll dates for 5 states

Business Standard brings you top news of the evening

India looks set to beat recession even as new coronavirus cases loom

India will become one of the few major economies to post growth in the last quarter of 2020, with any improvement in the economy's performance inversely tied to a drop in Covid-19 infections

India likely to grow 13.7% next year; fiscal position weak: Moody's

Indian affiliate Icra expects considerable rebound in economic growth in FY22 on the back of higher central govt spending, pick-up in consumption

HSBC ups India's FY22 GDP forecast to 11.2%, cuts inflation target to 4.7%

Besides India, HSBC has cut 2021 CPI inflation forecasts for Hong Kong, Indonesia, Japan, Singapore, Thailand, and Vietnam. In Korea and Malaysia, the upward revisions were marginal

Finmin pins hope on vaccine drive for robust recovery in services sector

GDP contraction of 7.7% is much smaller than expected, DEA says

India's market crosses Rs 200 trn m-cap, is seventh most valuable globally

The feat comes a day after the Sensex closed above the coveted 50,000-mark. In dollar terms, the market cap is $2.75 trillion-seventh highest globally