Page 35 - Gdp Growth

Second Covid-19 wave: OECD cuts India growth forecast to 9.9% for FY22

OECD said while India is projected to be the fastest-growing G20 economy in 2021, it will also be the one which is the furthest away from its pre-crisis GDP trend

RBI's status quo policy may revolve around Covid-19 pandemic measures

RBI's forecast for growth is 10.5% for the current fiscal year. Most analysts expect the RBI to lower it in the June 4 monetary policy announcement

The rural worry

Bharat is suffering on multiple counts

A no-action policy with focus on growth

'Unwinding' is unlikely to happen before the third quarter of this year even if we don't mess up in tackling a possible third wave of Covid; rate hike may have to wait for next year

The Great Gatsby Curve: Will India be like East Asia or Latin America?

If India combines great inequality with poor inter-generation mobility, it risks becoming, not like East Asia with its rapid growth rates, but like under-performing Latin America, writes T N Ninan

India's GDP to grow at better-than-expected rate of 1.3% in Q4: SBI report

The estimate in SBI report compares with NSO (National Statistical Office) projection of a negative (-) 1 per cent

Barclays pegs India's FY22 GDP growth at 7.7% in bear-case scenario

Our pessimistic tail-risk scenario assumes another wave of infections and a two-month period of restrictions that disrupt economic activity, Barclays said

April headline numbers deceptive; economy in trough, says ICRA report

Uptick in headline numbers of key economic indicators in April is due to the base effect: ICRA

SBI, HDFC Bank: Here is why bank stocks rallied up to 7% on Monday

Analysts opine that Monday's rally in banks is a sign of investors digesting decline in Covid-19 cases

GDP growth may be below 9% in FY22 due to 2nd Covid wave: Survey

Amid a raging second wave of Covid-19 and subsequent restrictions on business activities imposed by several states, economic recovery is beginning to lose steam

Nomura cuts FY22 GDP growth estimate to 10.8% due to Covid lockdowns

Japanese brokerage Nomura cut its GDP growth estimate for the current 2021-22 fiscal to 10.8 per cent from the earlier 12.6 per cent, blaming the impact of the second wave-induced lockdowns

Tens of millions on the fringes sink into poverty as Covid wrecks India

The government estimates India's gross domestic product shrank 8 per cent in the year ended March, its biggest contraction since 1952

IMF to revisit growth forecast for India due to surge in Covid-19 cases

Covid-19 infections in India have surged past 21 million, with a death toll of 230,168, health ministry data showed

Covid impact: S&P slashes India's GDP growth forecast to 9.8% for FY22

S&P Global Ratings on Wednesday slashed India's GDP growth forecast for the current financial year to 9.8 per cent saying the second COVID wave may derail the budding recovery in the economy and credit conditions. The US-based rating agency in March had a 11 per cent GDP growth forecast for India for the April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus. S&P, which currently has a 'BBB-' rating on India with a stable outlook, said the depth of the Indian economy's deceleration will determine the hit on its sovereign credit profile. The Indian government's fiscal position is already stretched. The general government deficit was about 14 per cent of GDP in fiscal 2021, with net debt stock of just over 90 per cent of GDP. "India's second wave has prompted us to reconsider our forecast of 11 per cent GDP growth this fiscal year. The timing of the peak in cases, and subsequent rate of decline, drive our considerations," said S&P Global ...

Economic cost of mobility curbs, lockdowns at Rs 1.5 trillion: SBI report

SBI has also lowered the gross domestic product (GDP) estimates for fiscal 2021-22 (FY22)

Icra cuts its FY22 GDP estimate by 0.5%, sees economy expanding by 10.5%

The agency now expects the economy to grow 10-10.5 per cent in 2021-22, against the 10-11 per cent estimated earlier.

India to emerge as world's third largest economy in 2031: BofA Securities

Covid-19 to push back this feat by three years. BofA had earlier projected this in 2017 and had expected the Indian economy to achieve this status by 2028

Double digit GDP growth expected in FY22 as economy gathers pace: Report

As economic activities gather pace and investor sentiments revive, GDP growth is likely to enter a double-digit growth trajectory and may grow at more than 11 per cent in the next financial year

Indian economy to do better than -8% prediction: Finance ministry

The ministry said economic activity is gathering pace with mild stiffening of pandemic curve

Jan consumption, investment growth points to faster recovery for economy

The Indian economy seems to be moving on the path of faster recovery