Page 16 - Gdp Forecast

Covid-19 impact: Moody's, CARE Ratings cut India's FY21 GDP estimates

The global rating agency had earlier predicted GDP to contract 4 per cent. On Friday, it predicated 11.5 per cent contraction

CARE Ratings projects sharper GDP contraction of 8-8.2% for FY21

CARE Ratings said the country's economy is likely to see a sharper contraction of 8-8.2 per cent in the current financial year compared to a decline of 6.4 per cent it had projected earlier

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

Rating firms rework their India FY21 GDP forecasts with sharper contraction

Impact on wages to severely dent consumption and decelerate recovery, says India Ratings

Raters see India's GDP contracting more in FY21 than projected earlier

Prescribe demand booster dose from govt, but many say that's unlikely to come

What to expect from Q1 GDP data today? Here's what key indicators suggest

GDP data for the April to June quarter will reveal how badly the economy was hit by the coronavirus pandemic

From most optimistic to pessimistic: Here're FY21 GDP growth projections

The most pessimist one projects it at 25%

India's GDP likely to contract by 6.4% in FY21, says Care Ratings

The rating agency, in May, had projected a decline in GDP growth of 1.5-1.6 per cent in FY21.

Covid-19 lockdown: FY21 GDP growth rate forecasts pose a big worry

However on the extreme ends, Bernstein pegged fall in the gross domestic product (GDP) at 7 per cent and Asian Development Bank projected GDP growth at 4 per cent

Top headlines: Indian economy to shrink 5% says S&P, power sector woes

Business Standard brings to you the top headlines of the day

Singapore lowers its GDP forecast to a contraction range of -7% to -4%

Following the news, the central bank chief economist Ed Robinson said monetary policy remains unchanged and will next be reviewed in October, as planned

Indian economy to contract 5-7% in FY21: Bernstein, Goldman Sachs

Analysts say the Rs 20-trn stimulus package by govt a lost opportunity

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

India's economic growth rate may contract 16-20% in Q1, says Icra

This would mean a contraction of 1-2 per cent for entire FY21, against the agency's earlier projection of -1 per cent to 1 per cent

Market Ahead, May 4: Top factors that could guide markets this week

This week, a total of 17 companies are scheduled to announce their quarterly earnings which includes HCL Technologies, Kansai Nerloac Paints, and YES Bank among others

Barclays sticks to GDP projection of 0% in 2020; says lockdown 3 priced in

The government officially extended India's lockdown by another two weeks to May 17 on Friday evening

CRISIL pegs India's FY21 economic growth rate at 1.8% from 3.5%

Its parent Standard & Poor's has (S&P) forecast the world economy to contract 2.4 per cent, against its earlier estimates of 0.4 per cent growth.

Covid-19 impact: GDP growth may plunge to 1.1% in FY21, says SBI report

According to the SBI Ecowrap report, the extension of the lockdown would result in economic loss of Rs 21.1 trillion or 6 per cent of the nominal Gross Value Added (GVA).

India's reduced GDP forecasts 'too optimistic': Ex-CEA Arvind Subramanian

Subramanian, along with public policy expert Devesh Kapur of Johns Hopkins University, was speaking at a webinar organised by National Council of Applied Economic Research.

ICRA pegs GDP contraction at 10-15% in Q1 amid lockdown extension

Earlier, ICRA had expected GDP to fall by 4.5 per cent in the first quarter when lockdown was for 21 days till April 14.