Page 9 - India Gdp

The green wall that could be disrupting India's economic recovery

No foreign firm bid for any of the mining blocks; more overseas lenders are now demanding green commitments from Indian borrowers

Expecting FY21 GDP contraction to be less than 9.5%: PNB MD & CEO

Says the country is seeing rural economy coming back, is confident urban and metro economy will also grow

India can become 2nd largest economy, will add 548,000 jobs: Salesforce

Salesforce is estimated to have market capitalisation of around USD 240 billion

Tourism industry seeks reduction in GST rate, tax benefits to revive sector

According to them, the Covid-19 pandemic has wreaked havoc on the travel, tourism and hospitality industry, resulting in a loss of Rs 15 trillion and putting up to 40 million jobs at risk

Worst recession in South Asia; millions falling into poverty: World Bank

India, the region's biggest economy, is likely to see its economy contract by 9.5% this year, the World Bank report said

Why economists remain pessimistic amid signs of economic recovery

Some believe recent indicators like GST numbers are overstated, most are sceptical about the impact of a stubborn pandemic

Biz optimism returning, economic recovery to be L-shaped: Axis Bank MD

He was quick to add that we are not completely out of the woods yet and a sustained recovery may take a few quarters

At Rs 40,072 cr, govt's external financing jumps 5 times till Aug: Report

In absolute terms, fiscal deficit -- which is the gap between expenditure and revenue -- stood at Rs 8,70,347 crore

Icra scales up projection for GDP contraction to 11% from 9.5% earlier

Attributes move to continued spread of Covid-19 pandemic

S&P affirms India's 'BBB-' rating; says space for fiscal stimulus limited

S&P affirmed its rating on India's long-term foreign and local currency sovereign credit at the lowest investment-grade level and retained its stable outlook on the economy

Global GDP shrinks 7.2% in April-June 2020 due to Covid-19: Motilal Oswal

It said that the real GDP in advanced economies (AEs) contracted 11 per cent, while it shrank 14 per cent in emerging and developing economies (E&DEs), excluding China

India's current account to register surplus of $30 bn in FY21: Report

The deficit stood at $24.6 billion or 0.9 per cent of GDP in FY20

At up to 50%, cars in India suffer among the highest tax rates globally

Cars and two-wheelers attract 28% GST and a cess in the range of 3-22%, taking the effective tax rate to up to 50%

Rising growth expectations pull up business sentiment in Q2FY21: CII Survey

Latest quarterly survey shows capacity utilization improving, but firms worried over low profits, weak domestic demands and rising inflation

Whatever the calculation, India's Q1 GDP contraction is severest among all

Irrespective of whether it is sequential or year-on-year, the inference remains the same; South Africa's 50% contraction is "annualised" and is incomparable to India's 24% fall

OECD sees world economy withstanding coronavirus better than forecast

The better view reflects the strong economic pickup in recent months and the vast injection of public resources

Govt aims to enhance digital economy's contribution to 20% of GDP in 5 yrs

Kumar added that AI and other emerging technologies will play a key role in achieving the target, and involvement of all stakeholders is needed

We continue to remain committed to India operations: Toyota Kirloskar Motor

The statement follows a Bloomberg report which said that Toyota did not plan to expand further in India

Data tagging absent in green finance despite rising demand: Study

Climate Policy Initiative, a global analysis and advisory organisation specialising in sustainable finance, is planning to launch a portal to track such investment in the country

Moody's forecasts 11.5% contraction in India's economic growth in FY21

The downward revision in India's forecast for FY21 comes on the heels of a sharp contraction in Indian economy in the April-June 2020 period