Page 54 - Latest Updates on New GDP series

Moody's forecasts 11.5% contraction in India's economic growth in FY21

The downward revision in India's forecast for FY21 comes on the heels of a sharp contraction in Indian economy in the April-June 2020 period

Crisil projects wider GDP contraction for FY21 at 9%, from 5% earlier

Attributes it to Covid-19 cases and lack of stimulus from govt

FY21 GDP to contract 9%; govt not providing enough fiscal support: Crisil

The Indian economy will contract by 9 per cent in 2020-21 as the coronavirus infections are yet to peak and the government is not providing adequate direct fiscal support, ratings agency Crisil said

Rating firms rework their India FY21 GDP forecasts with sharper contraction

Impact on wages to severely dent consumption and decelerate recovery, says India Ratings

Goldman Sachs to Fitch: Global rating agencies cut India's GDP forecast

Downward revision follows a sharp contraction in the economy in the April-June period, when GDP came in at a negative 23.9 per cent YoY, the worst show in nearly four decades

Gross domestic misery rising in US: Recovery is bypassing those who need it

Jobs and GDP, by contrast, sort of are the economy. But they aren't the economy's point

Fall in GDP alarming; time for bureaucracy to take meaningful action: Rajan

Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action

Experts advise caution on stagflation fears amid 24% GDP contraction

Say Centre, RBI should ensure their policies don't stoke inflation

Crashing economy, bare cupboard: Costs of pandemic are piling up for India

India might still have managed the economic storm if its Covid-19 case total was not exploding as well

Kashmir can be a model for sustainable economies of tomorrow: Haseeb Drabu

Haseeb Drabu was the Finance Minister of Jammu and Kashmir from 2015 to 2018. He tells Aditi Phadnis the government needs to cast a fresh eye on the state's economic development

Economic contraction: India paid the price of lockdown for little reward

The country reported Monday its worst slump since quarterly numbers began publication in 1996: Gross domestic product shrank 23.9% in April to June

Q1 GDP data released today: Key things to note

This is the first instance of an economic contraction for the country in at least four decades, and also the first GDP decline since India began publishing quarterly numbers in 1996

What to expect from Q1 GDP data today? Here's what key indicators suggest

GDP data for the April to June quarter will reveal how badly the economy was hit by the coronavirus pandemic

Once fastest-growing large economy, India faces steepest quarterly slump

Data due Aug. 31 will likely show GDP declined 19.2% in the quarter to June from a year ago

Covid-19: South Korea central bank cuts GDP outlook, open to more stimulus

The Bank of Korea kept the seven-day repurchase rate at a record low of 0.5%, in an unanimous and widely expected decision, after 75 basis points of rate cuts this year

Govt debt set to hit historic high of 91% of GDP in FY21, says report

General government debt-to-GDP ratio stood at 75 per cent in FY20, according to the report by economists of Motilal Oswal Financial Services

Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts

Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said

India to post strong GDP growth pick up in second half of 2020: Moody's

For 2021 year, Moody's has projected Indian economy to grow 6.9 per cent

We've grown 2-3 times faster than India's GDP: Honeywell India chief

In a Q&A, Akshay Bellare, the president of Honeywell India, says Covid-19 has come as an opportunity and that he expects double-digit growth in the country over the next five years

India's rural economy on V-shaped recovery from June, helping GDP

The year-on-year expansion partly reflected a low base so it's hard to say the recession is over