Page 52 - Latest Updates on New GDP series

S&P retains India's GDP forecast at 9% contraction for current fiscal

S&P Global Ratings on Monday retained its forecast of 9 per cent contraction in the Indian economy for the current fiscal, saying even though there are now upside risks to growth but it will wait for more signs that COVID infections have stabilised or fallen. S&P, in its report on Asia Pacific, projected the Indian economy to grow at 10 per cent in the next fiscal. "We retain our growth forecast of negative 9 per cent in fiscal 2020-2021 and 10 per cent in fiscal 2021-2022. While there are now upside risks to growth due to a faster recovery in population mobility and household spending, the pandemic is not fully under control. "We will wait for more signs that infections have stabilised or fallen, together with high-frequency activity data for the fiscal year third quarter, before changing our forecasts," S&P said. According to the official data released last week, Indian economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped ..

From small businesses to farmers, here's how middle India is driving demand

Government data released on Friday showed the economy shrank 7.5% in the July-September quarter, performing better than analysts' expectation of an 8.8% contraction

Indian economy shrinks for second quarter in a row, shows signs of pick-up

The economy contracted 7.5% in the July-September quarter

Expert views on India's economy shrinking 7.5% in July-Sept quarter

The read-out for the September quarter was better than the 8.8% contraction forecast of analysts in a Reuters poll.

The disconnect continues

Some investors are playing the momentum game in stocks

United States economy surges by record 33.1% in the third quarter

The gain was the largest quarterly gain on records going back to 1947

Unrealistic to expect manufacturing to be 25% of India's GDP, even by 2030

The decision to stay out of the Regional Comprehensive Economic Partnership has the potential to become in the long term one of the Modi govt's major blunders. T N Ninan explains why

Moody's calls stimulus measures positive, revises GDP forecast upwards

Lowers the contraction rate for India's gross domestic product to 10.6 per cent for 2020-21 from earlier 11.5 per cent

Analysts revise Q2 GDP projections, are divided on sharpness on contraction

As Q2 will be the second quarter of economic contraction, India in all probability has entered a technical recession for the first time since quarterly GDP data began being compiled

Public debt in India

While India's public debt-GDP numbers are not as sordid as in some parts of the world, it is important to understand the factors that have helped shape its public debt dynamics

Despite 'Make-in-India' push, industry share in GDP hit 20-year low in 2019

India now has one of the smallest industrial sectors in Asia at 27.5%, with the exception of Pakistan, Nepal

Why the govt's economic package cannot be classified as stimulus

Real stimulus would be to tax people less because spending is as much about feeling good, as it is about having the money and depressed people don't go out shopping

Top headlines: M-cap to GDP ratio, RBI's liquidity infusion, and more

From market-cap to GDP ration touching highest in 12 quarters, to bond the market's positive reaction to RBI's moves, here are the top headlines on Monday

Savings, profits, stocks can't stay high for long amid low income and interest rates

Things that cannot go on forever will not go on forever. There will be a change in the direction of the wind. One must hope it will be slow and calibrated, writes T N Ninan

Moody's raises India's 2020 GDP forecast to -8.9% as Covid cases drop

India's economy had the biggest contraction, 24 per cent year-over-year in the second quarter

Market cap-to-GDP ratio likely to improve to 80% in FY21, says report

The report, however, said that India's share in world market-cap is at 2.3%

Digitisation will help measure GDP accurately: FM Nirmala Sitharaman

FM Sitharaman said increased digitisation will help in making better assessment of the country's economic growth and nudged tax practitioners to suggest their clients to shift towards digital payments

India likely to reach pre-Covid growth levels by fiscal-end: Finmin

Warns second Covid wave may derail recovery as breach of social distancing is being observed

Mexico economy rebounds 12 per cent helped in part by a US recovery

The quarter-on-quarter increase was easily the biggest since current records began at the start of the 1980s, and benefited from massive stimulus spending in the United States.

A new global debt crisis

China's role as lender has complicated relief efforts