Page 40 - Gdp Growth
Core sector output shrinks for fifth straight month in July, down 9.6%
Infra segment, refinery product impacted the most, even as contraction narrows in latest month
 "Core sector output shrinks for fifth straight month in July, down 9.6%")
At Rs 8.21 trn, April-July fiscal deficit exceeds FY21 budget estimates
With GDP for April-June also in, it can be calculated that fiscal deficit for Q1FY21 was 17.4% of nominal GDP. FM Sitharaman had pegged fiscal deficit for the year at 3.5% of GDP in 2020-21 Budget
 "At Rs 8.21 trn, April-July fiscal deficit exceeds FY21 budget estimates")
Top headlines: Q1FY21 GDP contracts 23.9%; Pranab Mukherjee passes away
Business Standard brings to you a snapshot of stories that made it to the headlines today
 "Top headlines: Q1FY21 GDP contracts 23.9%; Pranab Mukherjee passes away")
First economic contraction in 4 decades: India's GDP shrinks 23.9% in Q1, FY21
The first economic contraction since 1980, and maiden quarterly GDP fall on record, follows limited activity during the June quarter amid lockdowns to control the spread of the coronavirus pandemic
 "First economic contraction in 4 decades: India's GDP shrinks 23.9% in Q1, FY21")
Sensex tumbles 839 pts on broad-based sell-off; Nifty Bank declines over 3%
All that happened in the markets today
 "Sensex tumbles 839 pts on broad-based sell-off; Nifty Bank declines over 3%")
India GDP numbers out today: Facts and analyses
Months after the coronavirus induced lockdown and the follow up unlock, India's GDP will be out today. The numbers will paint the extent of damage to the economy and give an idea of the critical course correction required. Watch video for more
 "India GDP numbers out today: Facts and analyses")
Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts
Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said
 "Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts")
We've grown 2-3 times faster than India's GDP: Honeywell India chief
In a Q&A, Akshay Bellare, the president of Honeywell India, says Covid-19 has come as an opportunity and that he expects double-digit growth in the country over the next five years
 "We've grown 2-3 times faster than India's GDP: Honeywell India chief")
Top headlines: World bank on India's GDP, airport privatisation, more
Business Standard brings to you events which made it to the headlines today
 "Top headlines: World bank on India's GDP, airport privatisation, more")
Data & AI have potential to add $500 billion to economy by 2025: Nasscom
This segment could account for 10 per cent of the country's GDP by 2025, according to the industry body
 "Data & AI have potential to add $500 billion to economy by 2025: Nasscom")
Unlock BFSI 2.0: Rural India revival difficult to sustain, say economists
It is a misconception that all of rural India is doing well amid the outbreak of Covid-19, said Pronab Sen
 "Unlock BFSI 2.0: Rural India revival difficult to sustain, say economists")
Top Headlines: Murthy's warning on GDP, PVR eyes the bigger picture, & more
Here are the top headlines on Wednesday morning
 "Top Headlines: Murthy's warning on GDP, PVR eyes the bigger picture, & more")
India's policy fault lines
It is important to note that the economy was losing momentum even before the Covid crisis
Germany's Covid-induced Q2 GDP plunge wiped off 10 years of growth: Report
The GDP index adjusted for inflation, seasonally and calendar effects decreased to 94.26 in the second quarter
India economic revival worst in Asia; GDP growth to lose pace in Q3: Report
Oxford Economics,in a report titled 'India: A reopening gone wrong', said the central government's attempts to restart the economy are already running aground
Market Ahead, July 28: All you need to know before the opening bell
A total of 132 companies, including UltraTech Cement, Nestle India, and IDBI Bank, are scheduled to announce their results today
 "Market Ahead, July 28: All you need to know before the opening bell")
Increase in AI intensity by 1 unit can lead to 2.5% increase in GDP: ICRIER
Niti Aayog CEO Amitabh Kant, while releasing the report, said India is in the midst of a once-in-a-generation disruption driven by AI
 "Increase in AI intensity by 1 unit can lead to 2.5% increase in GDP: ICRIER")
As Covid-19 reaches hinterland, is India's rural growth story getting over?
The rise in rural infections, says one expert, is a cause for concern as the rural economy constitutes 47% of India's total GDP
 "As Covid-19 reaches hinterland, is India's rural growth story getting over?")
India's growth rate may dip to -6 to -9% in current fiscal, says Swamy
Swamy said he wrote letters to Prime Minister Narendra Modi on several occasions in the past pointing out the incipient economic slowdown
 "India's growth rate may dip to -6 to -9% in current fiscal, says Swamy")
Manufacturing boom over next 5-10 yrs will surprise everyone: Vikas Khemani
The market recovery is surely sharp and gives the feeling of euphoria. but one should not forget that on the other side of the Covid crisis lies a great future, says Carnelian Asset Management founder
 "Manufacturing boom over next 5-10 yrs will surprise everyone: Vikas Khemani")