Page 36 - Economic Growth

FinMin officials pitch for better sovereign rating outlook with Moody's

Finance Ministry officials and representatives of rating agency Moody's on Tuesday discussed economic growth prospects, during which India pitched for an upgrade in its sovereign rating outlook

Economists project GDP growth at 14%-23% in Q1FY22

The growth was projected on a low base of 24.4 per cent contraction in the gross domestic product in Q4 of the previous financial year.

India's GDP likely to grow at 18.5% in Q1FY22: SBI report

The country's gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap

Vajpayee yrs set ground for UPA era economic growth: Shankar Acharya's book

Vajpayee's political achievement in greatly advancing economic reforms was perhaps even more admirable than Rao's, writes Shankar Acharya in his new book

Growth optimism: Will govt's own investment and exports be enough?

A step jump in medium-term growth rates, of the kind projected, needs all four engines of the economy to be firing. But the govt seems to have bet on just two, writes T N Ninan

Inflation angst spreads to India bonds as Reserve Bank downplays risk

RBI is widely expected to leave its key rates unchanged on Friday and continue with its easy monetary stance

Finance ministry sticks to double-digit economic growth forecast

Sanyal says ministry's assessment of inflation remains on a par with RBI's

IMF slashes India's economic growth forecast for FY22 to 9.5%

However, IMF sees India's GDP growing by 8.5%, 160 basis points higher than its earlier projection, in the next financial year (FY23)

The many paths to a greener future

Jayant Sinha and Anshu Bharadwaj note that India is demonstrating a new paradigm in which economic growth does not have to go together with the consumption of fossil fuels and increasing emissions

ADB trims developing Asia's 2021 economic growth forecast to 7.2%

Developing Asia's economic growth this year will be slightly lower than previously projected, Asian Development Bank said on Tuesday, citing the resurgence of Covid-19 infections in countries

India's consumer digital economy to touch $800 billion by 2030

Driven by online shopping across the spectrum, India's consumer digital economy, which was pegged at $85-90 billion in CY20, is expected to become a $800 billion market by 2030: report

Booster dose: Govt unveils Rs 6.3-trillion package to spur growth

Includes credit guarantee schemes, steps to revive tourism, strengthen health infra

After a washed-out Q1, bankers hope to cash in on revival starting July

Demand expected to rise, but more gradually than last year

Only savvy investors should enter into floating-rate funds: Analysts

Select a debt fund whose average duration is lower than the investment horizon

Caution on inflation

RBI's primary mandate should remain inflation targeting

RBI will stick to pushing economic growth at this stage: Deputy guv MK Jain

"The inflation concerns are valid but we have to prioritise growth at this stage", deputy governor MK Jain said at a webinar

Some bright spots

There are still a number of risks to durable economic recovery

US Fed holds rates at zero, projects two hikes by the end of 2023

"Progress on vaccinations has reduced the spread of Covid-19 in the United States," the Federal Open Market Committee said in a statement released Wednesday

Rising inflation risk

Ignoring it for long could increase longer-term costs

RBI to focus on growth even as inflation breaches tolerance band: Report

The annual retail inflation rate rose 6.30% year-on-year in May, up from 4.29% in April and sharply above analysts' estimate of 5.30%