Page 28 - India Gdp Growth

Budget opted for lasting benefits, not temporary relief: TV Somanathan

I still hold the view that except for the poor, what is restraining consumption is activity restriction, which is not financial in its origin, says finance secretary

Union Budget 2022 is a very positive and growth-oriented

The fiscal deficit for FY23 has been projected at 6.4 per cent of GDP - a consolidation - but in absolute terms, the deficit is higher than FY22.

At 6.6%, India's GDP contracted less than projected in FY21: NSO data

FY22 growth may NOW dip to 8.8% vs 9.2% estimated earlier; core growth across eight sectors clocks 8.4%

Economic Survey propagates policy agility amid pandemic-induced uncertainty

Highlights govt's 'Barbell Strategy' to offer a bouquet of safety-nets to cushion impact on vulnerable sections/business, with a flexible response that uses feedback-loops with real-time adjustments

Economy Survey: Resilient agriculture sector growth at 3.9% in 2021-22

Agriculture and the allied sector proved to be the most resilient to the Covid-19 shock as it registered a growth of 3.6 per cent in 2020-21 and improved to 3.9 per cent in 2021-22

Budget 2022 likely to boost spending with near-record debt, hold tax rates

Finance Minister will probably increase the budget by about 14% year-on-year to Rs 39.6 trillion in the fiscal year beginning April.

India's economy has bright spots, 'very dark stains': Raghuram Rajan

Economist and former RBI governor fears 'scarring to the middle class' after pent up economic demand ends.

India Ratings sees FY23 GDP growth at 7.6% on sustained govt spending

The ratings agency said it estimates investments, as measured by gross fixed capital formation (GFCF), to grow 8.7 per cent YoY in FY23

Can India's consumers power the economy? Experts say it's not enough

India is parched for capital expenditure, and its trade deficits are ballooning, particularly with China. Every new investment is a victory of sorts for policymakers

Covid LIVE: Maharashtra sees 46,723 new cases in a day; 27,561 in Delhi

Mumbai's positivity rate rises to 24.38%; Delhi's positivity rate at 26.22%

Gauging the impact of Omicron on the country's GDP though the MPC lens

It is widely accepted that the Omicron spread would impact the ongoing quarter but it would be much softer than that of the second wave on the first quarter of the current fiscal

Covid didn't impact India's long-term growth trajectory: N Chandrasekaran

In this decade, India will lead the global growth rates, said Tata group Chairman N Chandrasekaran

Advance alert

Budget must focus on recovering lost ground

Citigroup, ICICI lower growth projections for India as Covid cases surge

Daily new cases of coronavirus in the country have gone up from about 6,500 two weeks ago to more than 170,000 now.

Govt may rein in fiscal deficit at 6.8% of GDP: First advance estimates

The government was given this lever after the first Advance Estimates pegged GDP at current prices at Rs 232.15 trillion

Indian economy to grow 9.2% in FY22, fastest in world :Govt data

Risks to the economy stem from an Omicron-led third Covid wave, which may upend growth revival across sectors, specially the contact-intensive services industries

Top headlines: India FY22 GDP may rise 9.2%; new rules for overseas flyers

Business Standard brings you the top headlines on Friday

India's GDP may grow 9.2% in FY22: First advance estimates

Advance estimates are released to provide the numbers to the finance ministry to work on the Budget for the next financial year

Spread of Omicron to reduce GDP growth by 10 basis points in FY22: Ind-Ra

Rising cases of the Omicron variant of Covid-19 and the subsequent curbs will have an adverse impact on India's Q4FY22 GDP, said India Ratings and Research (Ind-Ra).

India needs GDP growth of above 8% to be $5-tn economy: Rajnish Kumar

For a growth of eight per cent and above, he said, the country needs a huge investment in the economy