Page 6 - Latest Updates on Gross Domestic Product (GDP)
Why govt needs a fresh 20/20 vision for Budget 2020
The provisional actual numbers reveal revenue shortfall led to a wider fiscal deficit in 2019-20, but unlike the previous year, the gap was met largely through higher borrowing in a transparent manner
 "Why govt needs a fresh 20/20 vision for Budget 2020")
GDP data: Yet another huge knock for Modi govt's economic growth story
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
 "GDP data: Yet another huge knock for Modi govt's economic growth story")
Chinese exceptionalism
Trade ties with China are mutually beneficial but the world should seek transparency about that country's institutions
 "Chinese exceptionalism")
RBI gives exporters, importers liquidity and more time amid Covid-19 crisis
RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector
 "RBI gives exporters, importers liquidity and more time amid Covid-19 crisis")
RBI buttresses earlier position forcefully; economic forecasts conservative
The central bank cut the repo rate by 40 bps to 4% and the reverse repo rate was brought down to 3.35%
 "RBI buttresses earlier position forcefully; economic forecasts conservative")
Markets were expecting a rate cut; onus now on banks to pass on the benefit
Given the severity of the situation due to the Covid-19 pandemic, the timing of rate transmission holds great significance.
 "Markets were expecting a rate cut; onus now on banks to pass on the benefit")
RBI says India GDP will contract in FY21, cuts repo rate by 40 bps to 4%
RBI extends the moratorium on loan repayments by three more months
 "RBI says India GDP will contract in FY21, cuts repo rate by 40 bps to 4%")
India coronavirus dispatch: Strategies to reform governance beyond pandemic
From building a functioning public health system to why you must not use sanitisers on fruits and vegetables - read these and more in today's India dispatch
 "India coronavirus dispatch: Strategies to reform governance beyond pandemic")
Fiscal math of the imponderables
Growth holds the key to the government's fiscal deficit slippage
 "Fiscal math of the imponderables")
India GDP to fall 45 per cent in June quarter, predicts Goldman Sachs
Predicts a 5 per cent GDP contraction for India in FY21, says recently announced reforms not to have immediate impact on reviving growth
 "India GDP to fall 45 per cent in June quarter, predicts Goldman Sachs")
Higher borrowing can see FY21 combined fiscal deficit hit 12%: Economists
Net borrowing ceiling for 2020-21 was earlier pegged at Rs 6.41 trillion (3 per cent of gross state domestic product), and the states have thus far borrowed merely 14 per cent of this authorised limit
 "Higher borrowing can see FY21 combined fiscal deficit hit 12%: Economists")
In search of the right prescription
Policy predictability and an unambiguous long-term blueprint are essential for private investors
 "In search of the right prescription")
Stimulus 2.0 won't change outlook for business
The second package focuses mostly on support to businesses, especially MSMEs
Why RBI shouldn't finance govt borrowings
In a crisis, it is imperative that a country borrows and spends more
Beyond borrowings
Govt must present a credible macroeconomic picture
 "Beyond borrowings")
India needs large fiscal stimulus in face of slowdown risk: Kaushik Basu
The Centre must give states the freedom to spend more, respecting India's federal structure, Basu said
 "India needs large fiscal stimulus in face of slowdown risk: Kaushik Basu")
Calls for debt monetisation gain traction as Covid-19 cripples economy
Coronavirus has snuffed out lives of more than 2,100 people and infected nearly 63,000 in India
 "Calls for debt monetisation gain traction as Covid-19 cripples economy")
India's credit profile to face further pressure due to Covid-19: Moody's
Moody's rating on the government of India is Baa2 with negative outlook
 "India's credit profile to face further pressure due to Covid-19: Moody's")
Moody's pegs FY21 GDP growth at 0%, says upgrade unlikely in near term
The rapid and widening spread of the Covid-19, deteriorating global economic outlook, falling oil prices, and financial market turmoil are creating a severe and extensive economic and financial shock
 "Moody's pegs FY21 GDP growth at 0%, says upgrade unlikely in near term")
Covid-19 economic impact to be much greater than assessed earlier
Large-scale contraction across sectors in April; which way the GDP will go depends largely on how long the lockdown stays
 "Covid-19 economic impact to be much greater than assessed earlier")
