Page 55 - Latest Updates on New GDP series

World Bank sees higher GDP fall in India than 3.2% it projected for FY21

Cautions against using tariff policy to attract firms from China; says there is credit risk as economy slows and half India's population may fall back into poverty

Japan economy shrinks 27.8% in April-June as Covid-19 slams consumption

Japanese media reported the latest drop was the worst since World War II

Israeli GDP contracts 28.7% in Q2, sharpest drop in over 40 years

The decline was mainly due to the effects of the coronavirus pandemic and the steps taken by the government to stop the spread of the virus

Indian economy likely to contract by 16.5% in Q1FY21: SBI report

Based on the leading indicators YoY performance, we expect the gross value added (GVA) de-growth to be between -14.5 per cent and -16.5 per cent in Q1FY21, says Soumya Kanti Ghosh of SBI

Hard times here, jobs will be lost, says Sunak as UK plunges into recession

It marks the first time in 11 years that the UK has tipped into a recession, which is defined by two consecutive three-month periods of falling GDP

Agri Infra Fund crucial in hiking farm sector share in GDP: Farmer group

This fund will be crucial for farmers, agri-entrepreneurs, start-ups, agri-tech players and farmer groups looking to boost the country's agriculture infrastructure, the group said

Professional forecasters predict contraction of nearly 6% in FY21 GDP

Despite this precipitous fall, they expect the farm sector to grow at 3.4%, and industry and services to contract sharply by 9.7%, and 6.1%

Covid-19: French economy shrinks by record 13.8%, still beats estimates

The contraction in France was steeper than the 10.1% reported by Germany, where authorities kept a surge in Covid-19 related deaths in check and did not enforce a lockdown as strict as France's

Covid-19 impact on GDP to be felt for years in advanced economies: Fitch

Huge uncertainties surround the economic outlook in aftermath of the massive shock in H1 2020

Coastal flooding, climate change could hit 20% of world GDP by 2100: Study

Based on estimated 2019 GDP, that currently comes to around $17.6 trillion

Economic slump to deepen; India FY21 GDP can contract 6%: BofA Securities

BofA Securities expects the monetary policy committee of the RBI to slash policy rates by 100bp in FY21 as their base case

No plan to monetise debt for now, GDP may not shrink too severely: DEA Secy

Tarun Bajaj says proposal of a 'bad bank' discussed internally, but no decision taken

Agriculture driving growth; open to more measures: FM Nirmala Sitharaman

Says rebound particularly visible in rural sector even as she acknowledges forecasts by various agencies on GDP contraction for FY21

India's debt to hit 87.6% of GDP in FY21; FRBM target only by FY30: Report

India's debt to GDP ratio has increased from Rs 58.8 trillion (67.4 per cent of GDP) in the financial year 2011-12 (FY12) to Rs 146.9 trillion (72.2 per cent)

Raghuram Rajan warns against 'unprecedented' rise in NPA levels in 6 months

Rajan cautioned that one should not mistake pent up consumption for normal consumption.

India GDP to fall 7.5% if Covid-19 vaccine delayed, 4% in base case: Report

Many analysts are expecting the Indian economy to contract by 5 per cent in FY21 as a result of the nationwide lockdowns, with some also estimating a contraction of up to 7.2 per cent in the GDP

FDI up by $19 bn in FY20; portfolio investment down by $13.7 bn: RBI

"Overall, net claims of non-residents on India declined by $57.6 billion during the year," RBI said

States GSDP may contract by up to 14.3% in FY21 on Covid-19: Ind-Ra report

The top five major states where the impact of lockdown was the most pronounced are Karnataka, Jharkhand, Tamil Nadu, Kerala and Odisha

Sensex gains 879 pts as lockdown measures ease, Nifty PSU Bank jumps 7.6%

All that happened in the markets today

What pulled down India's GDP growth in Q4? Most indicators contracted

Barring coal production, and to an extent cargo handled at sea ports, most of the main indicators that went into calculation of GDP growth contracted in the fourth quarter