Page 40 - Gdp

RBI monetary policy review: Clear sign that happy days are over

The monetary policy committee (MPC) has sprung some surprises even though the repo rate has been kept unchanged.

Canada's GDP grew 0.2% in Jan, 0.8% rise expected for February

Overall, nine of 20 industrial sectors increased in January

India's current account deficit widens to 2.7% of GDP in Q3

The current account deficit was $9.9 bn in the second quarter ended Sep 2021 and $2.2 bn a year ago

Icra lowers FY23 GDP forecast to 7.2% on higher prices, supply disruption

Rating agency cites impact of ongoing Ukraine war, China lockdowns

FPI outflow shoots past Rs 1 trn in 2022 amid Ukraine, inflation concerns

The exodus of foreign investors was largely owing to inflationary pressures and deepening global macroeconomic conditions following the Russia-Ukraine war, experts said

India's 2022 GDP growth downgraded to 4.6% due to war in Ukraine: UN report

The report noted that a number of developing country central banks also engaged in quantitative easing: active purchasing of bonds in the open market

Delhi's GDP up 50% since 2016-17: LG Anil Baijal in address to Assembly

Delhi's GDP went up by 50 per cent since 2016-17, indicating that the city's economy is in a strong position, Lieutenant Governor Anil Baijal said on Wednesday

India's banks unprepared for financial impacts of climate change: Report

Deloitte Economics Institute estimates that an emissions pathway consistent with a three degrees Celsius temperature increase would lead to an annual loss of three per cent of GDP from now till 2050

Sri Lanka nears crisis

More help needed for the island nation's faltering economy

India's oil demand likely to jump 8% to 5.15 mn barrels per day in 2022

India's oil demand rose from 4.51 million barrels per day in 2020 to 4.76 million bpd in 2021, recording a 5.61 per cent growth

Gujarat's public debt crosses Rs 3 trn; amount within norms, says state FM

In a written reply to a sub-question about interest paid on loans taken in the last two years, Desai said the state had paid Rs 20,293 crore as interest

BS Views of the week: Blow to globalisation, risks of imported energy, and more

Developments around the Russia-Ukraine war and elections in five states of India made the biggest news headlines in the week gone by. Besides these, Business Standard's opinion pages focused on risks of imported energy, poverty landscape, and a lot more

India's growth recovery may get hurt by geopolitical crisis: RBI deputy

'In a sense, India's growth story remains as weak as it was at the time of the 2013 taper tantrum,' he said

TMS Ep126: Economic challenges of UP & Punjab, DK Joshi, markets, CSR

What are the economic challenges awaiting UP and Punjab? Why is CRISIL's DK Joshi still optimistic about GDP growth in FY13? What BJP's election win means for markets? What is CSR? All answers here

Commodity surge could pressure RBI to normalise more quickly: S&P

MUMBAI (Reuters) - The Reserve Bank of India may feel pressure to tackle inflation sooner than it expected following a surge in global commodity prices, sovereign ratings analyst Andrew Wood of S&P Global Ratings said on Thursday.

Surge in commodity prices may push CAD to 2.8% of GDP in Q3: Report

The report said although the Omicron-led Covid wave has subsided, the geopolitical risks to the global recovery have increased due to the Russia-Ukraine conflict

Japan downgrades final quarter GDP on weaker consumer, business spending

Japan's strong economic growth in 4th quarter of 2021 was downgraded in a revised estimate, while pressures from record Covid-19 cases and rising energy costs are increasing risks of contraction in Q4

Export-to-GDP ratio: India must get back to 2013-14 level, shows data

India is expected to have an export-to-GDP ratio of 20.8% this year; in 2013-14, India's export-to-GDP ratio was 25.4%

Risks of imported energy get real

If energy prices remain this high for a year, they could shave 3 per cent off India's GDP, weaken the currency

China lowers GDP target from last year's 6.1% to 5.5% for this year

China on Saturday lowered its GDP target to 5.5 per cent for this year from last year's 6.1 per cent. The new target for the second-largest economy was announced by Premier Li Keqiang in his work report presented to the National People's Congress (NPC), the country's parliament which opened its annual session here on Saturday. China's economy grew by 8.1 per cent in 2021 to about USD 18 trillion a performance that was stated to be the best in a decade. The pace of the growth was well above the government target of above six per cent in 2021. In his work report presented to the NPC, Li said China plans to create more than 11 million new jobs in 2022. He said China plans to cut the ratio of its deficit to GDP to around 2.8 per cent for the year of 2022. The fundamentals of China's economy remain unchanged, and the nation will maintain long-term growth, he said. Over 2,800 members attended the NPC which will meet here for over a week to transact the annual legislative work.