Page 41 - Latest Updates on New GDP series

Eyes on GDP forecast by pre-budget Economic Survey despite recent misses

The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy, quite often misses on the GDP forecast, sometimes by a significant margin.

Union Budget 2022: Key measures govt must take to address demand-side issue

The country's annual financial exercise this year, comes at a juncture when the outlook on both, global and domestic growth is uncertain in the context of the pandemic trajectory

Omicron effect: IMF cuts India's GDP forecast for FY22 to 9% from 9.5%

On a calendar year basis, it projected India's GDP growth at 8.7 per cent in 2022 and 6.6 per cent in 2023

India could spend 11% of GDP in reaching net zero emissions by 2050: Report

Annual capital spending on physical assets in India would rise from around $300 billion in 2020 to an average of $600 billion between 2021 and 2050, McKinsey believes

Top headlines: HUL Q3 net rises 17%; Ind-Ra sees FY23 GDP growth at 7.6%

Business Standard brings you the top headlines on Thursday

Cities contribute 80% to global GDP, account for 75% emissions: Report

Cities contribute 80 per cent to global GDP -- but they also account for 75 per cent of global greenhouse gas emissions

Nearly half of GDP in cities at risk from nature loss: WEF survey

Cities contribute nearly 80% to the global economy but they also account for nearly three-fourths of greenhouse gas emissions, a new study showed

Budget 2022-23: Govt likely to target 13-14% nominal growth in FY23

A faster growth projection may cause inflation concerns, say officials

Year-on-year analysis of economic performance serves a very limited purpose

A year-on-year analysis is useful in a conceptual way as it accounts for the seasonal impact on the data, but it tells you next to nothing about the current state of the economy.

Indonesia expects 2022 fiscal deficit to shrink to 4.3% of GDP: Report

A smaller fiscal deficit means the government could reduce its bond issuance target for 2022

Citigroup revises India GDP forecast down by 80 bps to 9% for FY22

It says the economic impact of the Omicron wave in the fourth quarter could be lower than in previous waves, but activity momentum in the third quarter was much lower than expected

Real GDP to grow at around 9.5% in FY22: SBI Ecowrap

The report comes a day after the National Statistical Office (NSO) released the First Advance Estimates of National Income for financial year 2021-22

Is all macroeconomic analysis time-pass, idle chat and ephemeral?

Macroeconomics comprises 6-7 interconnected variables, each of which can or will be different depending on what other 6 are. So what you get at the best of times are wide ranges of possible outcomes.

Top headlines: Quarantine for flyers from abroad, CCI probe against Google

India climb up the ladder of emerging tech patents, shows data. More in today's top headlines

Capex set to cross pre-Covid levels; household expenditure, consumption lag

This indicates that in spite of strong recovery in 2021-22 from the contraction last fiscal year, consumption recovery among the populace is still not broad-based

FY22 GDP estimate on expected lines, but there can be a downward bias

The next fiscal year (FY23) will be the one to watch out for and assuming that there would be no more Covid shocks, growth would be more real

India's GDP likely to grow 9.2% in FY22: First advance estimates

According to the statistics office, agriculture is expected to grow at 3.9% in FY22 while manufacturing is likely to expand by 12.5% and trade and hotel sector are expected to grow at 11.9%

Top headlines: Doctors, nurses prep for 3rd wave; EC set to give poll dates

Centre seeks relaxation in promoter shareholding cap for IDBI Bank sale. More in today's top headlines

Omicron-induced curbs may pull down Q4 GDP by 10-30 bps, say some experts

Many others agree on the likelihood of damage, but don't offer numbers, saying it is too early and difficult to put estimates in such a changing environment

At 7.2%, Singapore's 2021 GDP grows at fastest pace in over a decade

The city-state's economy grew 7.2% in 2021, preliminary data showed on Monday, broadly in line with the government's official projection and rebounding from the record 5.4% contraction in 2020