The real GDP is the inflation adjusted figure of all the finished goods and services produced in a country within a specific time period
Huge improvement in share to 4% from just 1.6% in FY20, shows study by ICICI Securities
Xi Jinping's new vision for the economy means less prosperity for people globally
The UK's GDP is estimated to have grown by 0.4 per cent monthly in August as Covid-19 restrictions continued to ease across the country, the Office for National Statistics (ONS) said.
The Centre's debt was at 58.8 per cent of GDP in FY21. It fell slightly to 57.6 per cent in the first quarter of FY22
South Asia's average annual growth is forecast to be 3.4 per cent over 2020-23
A day ahead of policy review, it expects RBI to hold policy rates during FY22
The survey was conducted in September 2021 and drew responses from leading economists representing the industry, banking and financial services sector
The pile-on of debt was necessary given policy responses during the pandemic, Vera Chaplin, the credit ratings agency's managing director and lead analytical manager, said
If one looks at year-on-year growth, the recovery is V-shaped after the first quarter because of 20 per cent economic expansion
Notwithstanding the pandemic, he said, the government continued with the reform process and many strategic reforms were announced even during Covid-19
Low fuel demand, higher NRI remittances drive surplus
Top tenants of commercial real estate-mostly IT companies-actually added to their office stock and demand for residential space is reviving.
Icra said it expects the second half of the fiscal year to have brighter prospects.
She said that the confidence in the Indian stock market is growing as retail and small investors are keenly investing money in the share market.
Covid scars may outweigh growth gains from reforms in the medium term
Electronics and IT, industry and internal trade, and heavy industries are the three industries
Reserve Bank will remain in surplus mode and the liquidity management framework will continue in absorption mode, he added
The household debt as a percentage of gross domestic product (GDP) may have declined to 34 per cent in the first quarter of 2021-22, according to an estimate by the State Bank of India's research report Ecowrap. The COVID-19 pandemic has resulted in a spike in household debt to the GDP rate. As per the report, it rose sharply to 37.3 per cent in 2020-21 from 32.5 per cent in 2019-20. We estimate that household debt as a percentage of GDP has declined to 34 per cent in Q1 FY22 with the commensurate rise in GDP in the first quarter, though it has increased in absolute terms, the research report released on Wednesday showed. In absolute numbers, the household debt has increased to Rs 75 lakh crore in the first quarter of FY22 from Rs 73.59 lakh crore in FY21, it said. It said the recently released India Debt & Investment Survey (AIDIS) report for 2018 showed an increase in the average amount of debt among rural as well as urban households between 2012 and 2018. The average amount of
The slowdown in growth is primarily on account of the banking crisis