Page 44 - Gdp

Govt revises FY21 GDP growth to -6.6% from -7.3% earlier

As per the provisional estimates released in May 2021, the GDP had contracted by 7.3% in 2020-21

Sensex ends 814 pts higher ahead of Budget-day in broad-based rally

Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL

Working to develop 200,000 km national highway network by 2025: Gadkari

Gadkari on Sunday said that the central government is working to develop a national highways network of 2 lakh kilometres by 2025.

Tax when you want to spend

Raise the tax-GDP ratio to finance rising revenue expenditure

Banking on the budget with no surprises

The future of deposits will be an issue for banks. This year, quite ironically, banks have been happy with deposits not growing, as there were few avenues to lend, anyway

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