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Outlook beset by uncertainties, but GDP in 2021-22 likely to be lower than in 2019-20
MUMBAI (Reuters) - An ongoing second wave of COVID-19 infections in India could hurt its near-term economic recovery and possibly diminish growth for the full year, S&P Global Ratings said on Tuesday.
Bankers say sale of Lavasa Corp, currently under bankruptcy, and RCap and Reliance Naval deals will be delayed, as bidders are re-thinking plans
Pandemic second wave might reach its peak "around 20 days from now, says lender's report
The Indian economy is projected to grow at 11 per cent in the current financial year amid the "strong" vaccine drive, said ADB on Wednesday
A weaker Rs, slower growth, and higher inflation could lead to investors focusing on export-oriented stocks
Benchmark indices drop 3% before settling 1.8% lower, amid Covid-19 surge, new restrictions
The Sensex fell 1,708 points, or 3.4 per cent, to end the session at 47,883 -- the lowest close since January 29 -- while the Nifty 50 index closed at 14,311, declining 524 points, or 3.5 per cent
The Fund's projection suggests India would again become the world's fastest-growing large economy
Fitch said revision is on the back of 'a stronger carryover effect, a looser fiscal stance and better virus containment'
India is the third most indebted country among major emerging markets, behind Argentina and Brazil.
Near-term prospects have turned more favourable, Moody's Analytics said
State Bank of India said in a report published Wednesday that there was a sharp increase in debt in the year to March 31 as states had to borrow more given their lack of resources
OECD sees global GDP growth at 5.6 per cent this year, an upward revision of more than one percentage point since its projection in December 2020, and 4 per cent in 2022
The Centre's current deficit glide path reveals a conservative stance on growth
Beijing unveiled its next five-year plan, pledging to lift annual research and development spending by more than 7% until 2025
Building state capability is not an easy process, especially in a democratic setup
Govt is increasingly keen to deliver even specific items like toilets, water, gas cylinders, where it can show the beneficiary immediate results. This new welfarism helps win polls but not development
The small fall in the unemployed we see does not imply that more people got employment
After years of disappointing growth, the economy and the markets are poised for a breakout