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The advance to decline ratio favoured bulls as nearly 2x stocks rose for every 1 stock that declined on the BSE
Hopeful signs in data, but medium-term outlook uncertain
Congress on Friday said the people have been hit by the double whammy of low growth and high inflation for which the Modi government's "gross mismanagement" is responsible
India Inc on Friday said the recouping of the country's economy to a positive trajectory in the third quarter is a promising sign as it portends the end of the pandemic-induced recessionary phase
Imputed Q4 GDP seen falling 1.1%; Services to catch up with mfg; Tall growth of 30% in govt spending needed; Investments better than expected, show revised numbers
The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE)
Growth in core sector output in January was lower than the 0.2 per cent expansion seen in December
India's was not the worst performer among large economies in the world
Gross fixed capital formation (GFCF) contracted by 6.48 per cent in Q4FY20. It plunged in Q1FY21 before returning to earlier levels in Q2
With services sector not yet fully functional, consumption spending - private and government - continues to trend lower. However, capital formation did turn around in the previous quarter
'Significant recovery in manufacturing and construction augurs well for the support these sectors are expected to provide to growth in FY22,' says Ministry of Finance
The GDP forecasts do indicate that we are on the right path and in the absence of any serious localized lockdowns can be expected to accelerate with time
Shah said the journey the BJP started five years ago in Assam will continue till the state along with other NE states emerge as the biggest contributor to the country's GDP
India's marine resources remain under-utilised
Once the pandemic is over, the states need to garner more own revenues to spend more on meritorious heads such as education, health and infrastructure
The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday
Here's a selection of Business Standard opinion pieces for the day
Higher tax-GDP is a must for financing security and development
India's GDP is set to revert to the growth territory in the October-December 2020 period compared to the year-ago period, the ratings agency said
The agency's earlier forecast for FY21 was 4.5 per cent. The revision was made due to a sharper-than-expected contraction of 6.1 per cent in the nominal GDP