Page 36 - Latest Updates on New GDP series

Fiscal weakness

State finances can impede growth

Corporate profit-to-GDP ratio attains 11-year high of 4.3% in FY22

Performance comes on the back of 48% YoY growth in bottomline. GDP also expanded 19.5% in FY22 after contracting in FY21 due to Covid-19 disruptions

India faces near-term challenges; better placed to deal with them: FinMin

India's medium-term growth prospects remain bright as pent-up capacity expansion in the private sector is expected to drive capital formation, employment generation in rest of this decade, says report

Airlines' losses globally likely to be down to $ 9.7 bn this year: IATA DG

Director General of IATA Willie Walsh said that while the outlook for airlines globally is positive, the business environment remains challenging.

India better placed to avoid stagflation risk, says RBI report

Paints an encouraging picture of economic activity gaining strength, with most GDP constituents exceeding their pre-pandemic levels

Extend GST compensation to states by 3-5 yrs more: Amit Mitra to Sitharaman

Unforeseen battle against pandemic has put states' fiscal health under huge stress, he says in letter to FM

Goal of $5 trn GDP appears to be case of 'shifting goalposts': Chidambaram

The original target year was 2023-24, the former finance minister said, adding that, "We are nowhere near that goalpost"

Fitch lauds Indian economic recovery, ups outlook from negative to stable

The rating agency scaled down the GDP growth estimates for FY23 to 7.8% from 8.5%

Centre moots ruling authority to fix direct tax liability, settle disputes

Revenue dept to take up measures to boost tax-to-GDP ratio to 15-20%

RBI's rate hike to push up costs: Realty, capital goods companies

Ramani Sastri, chairman and managing director (MD) of real estate firm Sterling Developers, said interest rates impact the cost of doing business

Japan's Q1 GDP falls less than first thought on stronger consumption

On a quarter-on-quarter basis, GDP lost 0.1%, beating median market expectations for a 0.3% drop

Best of BS Opinion: WTO rules on foodgrains, urban mining, and more

Here are the top BS Opinion articles of the day

World Bank cuts India's FY23 GDP forecast to 7.5% amid rising inflation

This is the second time the World Bank has revised its GDP growth forecast for India in FY23

Two records and a turn

The finance minister's ability to effect a steady rise in capex is more significant than her two records on deficit management

Leased office space may rise 14% across 8 cities in CY22 : Cushman report

The demand for office space may rise 14 per cent this year to 60 million square feet across eight cities, mainly driven by strong rebound in Indian economy and aggressive hiring plans in IT/ITeS sector as well as startups, according to real estate consultant Cushman & Wakefield. As per the data, the gross leasing of office space across eight major cities increased to 52.57 million square feet in 2021 from 49.42 million square feet in the preceding year. The eight cities are Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Pune, Hyderabad and Ahmedabad. "India's journey towards a sizable USD 5 trillion economy holds within itself a plethora of opportunities for growth of commercial office market," said Badal Yagnik, MD, Tenant Representation, India, Cushman & Wakefield. He pegged annual leasing activity over the next two years at close to 60 million square feet each. "Key triggers driving this growth are a fast-growing economy, significant expansion foreseen in the ...

India's economic growth to be supported by fiscal spending: FM Sitharaman

The government has proposed to significantly step up the public investment by raising capital expenditure by 35.4 per cent to Rs 7.5 lakh crore or 2.9 per cent of the GDP in the current financial year

The inflation spectrometer

Even as some inflationary impulses fade, others of more recent vintage pose new and bigger risks; one must disentangle multiple strands to reduce risk of policy errors

Top Headlines: Economists see RBI rate hike, pruning GST exemption & more

A group of ministers may propose pruning GST exemptions on certain goods and services and correcting the inverted duty structure. Read more on this in our top headlines

India's market cap-to-GDP at 100% versus long-term average of 81%

At 3.3x, the 12-month trailing P/B stands at 13 per cent above its historical average of 2.9x

Centre chose expenditure switch to contain widening fiscal deficit

Robust revenue collection and higher nominal GDP, however, led to an improved fiscal deficit at 6.7 per cent in FY22 against the 6.9 per cent estimated