Page 3 - Indian Economic Growth

Precocious growth in India's skill-intensive sectors worrying: Paul Krugman

Krugman said skill intensive industries generate a lot of GDP and exports but they do not generate a lot of jobs

India's recession exit gains momentum on services, manufacturing

Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago

India's $500 billion Budget to spur growth leaves little for the poor

The budget -- among India's most highly anticipated and closely watched events -- didn't have major proposals to address the job losses, hunger, and rising pressures on the farming and rural sectors

India GDP recovering better than expected; to contract 7.4% in FY21: SBI

The report also says that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms

Economy improving, growth to turn positive in Q3, Q4 of FY21: Ashima Goyal

India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said

India's Diwali period sale up over 10% in 2020, says top retail trade body

India's top retail trade body said that sales during the country's Diwali festive period rose by more than 10% year-on-year, indicating "good business prospects" for small businesses

Jewellers bet on 'Dhanteras'; expect to clock 70% of last year's business

Jewellers are betting on recovery and are optimistic that a rebound in the economy and pent up demand will help boost sales during 'Dhanteras' and industry is likely to do 70% of last year's business

Credit growth will move to normal level in next financial year: SBI Chief

The economy is expected to be on normal course in early next financial year, says Dinesh Khara

India's October unemployment rate climbs up to 6.98%, CMIE data shows

India's unemployment rate in October rose to 6.98% from 6.67% in September, according to data released by the Centre for Monitoring Indian Economy

FM says hasn't closed option of one more stimulus to perk up demand

RIL chairman Ambani says manufacturing has to be rethought and reinvented

Covid-19 impact: India's GDP may contract 10.3% in FY21, says IMF

IMF now expected the world economy to fall less severely by 4.4 per cent than 5.2 per cent it projected earlier for 2020

Small fiscal stimulus in the second package amid festival seasons

Adds little to earlier Rs 20 trillion package, fiscal cost is modest against Rs two trillion in earlier one; PSE policy announced earlier yet to be detailed, farm bills enacted

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

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

Market seems to be ignoring a possible recession in FY21: Sampath Reddy

If the economic recovery continues to gather momentum and does better than expected, then stocks of capital goods companies may outperform.

Icra sharply revises forecast, expects economy to shrink by 9.5% in FY21

It has earlier estimated a 5% contraction; Q1 may have seen 25% fall

India's FY21 GDP growth to be in negative territory at -4.5%: Ficci survey

The Covid-19 pandemic outbreak has severely impacted the economic activities

ADB sees Indian economy shrinking 4% in FY21 after growth call earlier

IMF remains only major outlier predicting growth for the economy, is likely to be on same page with others next week

At 4.6% of GDP, last year's fiscal deficit breached FRBM Act escape clause

The total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of revised estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year.

Indian economy on course for full-year contraction: DBS Bank economist

The government on Saturday said a phased exit would begin on June 1 from the over-two-months-long nationwide lockdown