Page 40 - Gdp Growth

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

Different strokes: New series leading to diverging trends in GDP, GVA

The revised method of GDP did not only change the base year, but also the way it is computed.

GDP data: Farm sector maintains strong growth; full year might see a blip

While several sectors returned to growth in Q3 , agriculture was all along different. GVA in last fiscal year at constant prices was 4.3 per cent.

GDP grows 0.4% in Q3: Pre-Covid times are here, says Finance Ministry

However, the economy grew by a much higher rate of 3.1 per cent in the fourth quarter of 2019-20

Q3 GDP: Accelerated vaccination is key to sustaining growth momentum

With services sector not yet fully functional, consumption spending - private and government - continues to trend lower. However, capital formation did turn around in the previous quarter

Govt says pre-pandemic times are here as Q3 GDP grows at 0.4%

'Significant recovery in manufacturing and construction augurs well for the support these sectors are expected to provide to growth in FY22,' says Ministry of Finance

GDP numbers: Positive surprise for third quarter but negative for FY21?

The GDP forecasts do indicate that we are on the right path and in the absence of any serious localized lockdowns can be expected to accelerate with time

Consumer sentiment in India's recovery

Growth that bounced back from -23.9 per cent in the first quarter to -7.5 per cent now seems poised to return to the positive zone in the third quarter

States' fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra

The agency's earlier forecast for FY21 was 4.5 per cent. The revision was made due to a sharper-than-expected contraction of 6.1 per cent in the nominal GDP

Increasing fiscal constraints

Govt must focus on mobilising more revenues

A steep fiscal correction

With modest revenue effort, the burden of cutting the deficit will fall on a big expenditure contraction

A pro-growth turn in government policy

The growth impact of PLI schemes could start showing up in FY22

RBI projects GDP growth rate at 10.5% over recovery in economic activities

RBI Governor Shaktikanta Das said vegetable prices are expected to remain soft in the near term as the central bank projected retail inflation rate to come down to 5.2 per cent in the current quarter

It's getting better over time: FM cuts Budget speech short this year

There has been less fudging with the revised estimates (RE) of 2020-21.