Page 14 - Gross Domestic Product

PSU debt serviced by a state to be brought under its FRBM limit: Govt

Such borrowings shall be considered as those availed by the state itself for the purpose of issuing consent under Article 293(3) of the Constitution, says FM Sitharaman

Centre reins in its debt at 56% for FY22 against 60% pegged in Budget

Government committed to its fiscal deficit targets, says senior civil servant

Analysts slash India's GDP forecast amid high inflation, recession fears

On Thursday, ADB lowered India's growth forecast from 7.5 per cent to 7.2 per cent for FY23. Earlier on July 18, US-based Morgan Stanley also slashed India's GDP growth forecast to 7.2 per cent

CRISIL cuts FY23 GDP growth estimate to 7.3% from 7.8% on high inflation

Domestic rating agency CRISIL lowered its real GDP growth forecast for India to 7.3 per cent in FY23 from 7.8 per cent estimated earlier.

Mutual Fund industry largely under-penetrated in India, says Deepak Parekh

Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said

7 out of 9 neighbouring nations charge less for petrol than India

Among the neighbouring countries, China (Rs 116 per litre) and Nepal (Rs 124 per litre) had a higher price.

Fiscal weakness

State finances can impede growth

Corporate profit-to-GDP ratio attains 11-year high of 4.3% in FY22

Performance comes on the back of 48% YoY growth in bottomline. GDP also expanded 19.5% in FY22 after contracting in FY21 due to Covid-19 disruptions

UK economy contracts sharply by 0.3% in April as slowdown looms

Gross domestic product fell 0.3% from March when output declined 0.1%, the Office for National Statistics said Monday

Fitch lauds Indian economic recovery, ups outlook from negative to stable

The rating agency scaled down the GDP growth estimates for FY23 to 7.8% from 8.5%

Summit of opportunity

G11, if it materialises, is good for India

India's economy to grow at 6.9% in FY23: OECD global macroeconomic report

The institution said that headline inflation is projected to ease gradually, though remaining above the central bank's upper tolerance limit of 6 percent throughout 2022 and 2023.

RBI monetary policy review: Direction for repo rate is clearly northwards

The MPC pitched for a high number of 50 bps, which is significant because if combined with the inflation forecast, it indicates that more hikes are coming

RBI monetary policy review: Further repo rate hikes clearly on the cards

The Governor's reminder that the repo rate is still below the pre-pandemic level served as a clear signal that more rate hikes lie ahead

RBI likely to raise interest rate by 25 bps-50 bps today: Experts

RBI Governor Shaktikanta Das has already indicated that there may be another hike in the repo rate though he refrained from quantifying it

World Bank cuts India's FY23 GDP forecast to 7.5% amid rising inflation

This is the second time the World Bank has revised its GDP growth forecast for India in FY23

India's market cap-to-GDP at 100% versus long-term average of 81%

At 3.3x, the 12-month trailing P/B stands at 13 per cent above its historical average of 2.9x

India Q4 GDP: Omicron curbs may have slowed down growth before Ukraine war

In the January-March quarter, the economy likely expanded 3.9%, according to the survey, a performance that will mark the low point of the year

States gained Rs 49k crore when fuel prices rose, have room to cut VAT: SBI

States gained Rs 49,229 crore from VAT revenue on fuel when oil prices were increasing and will forego Rs 15,021 crore now that excise duty on fuel has been cut, SBI Research said in a report

Moody's cuts CY22 India GDP growth forecast to 8.8% amid rising inflation

Says rise in crude, food, and fertiliser prices will weigh on household spending