Indian economy is likely to contract 7.5 per cent in the current fiscal but will see a double-digit growth in 2021-22, former chief economic adviser Arvind Virmani said on Wednesday.
Gross tax revenues may be projected at around Rs 23.65 trn in the Budget, back-of-the-envelope calculations suggest
Experts waiting for a debt management road map in Budget
Medium-term growth to slow around 6.5 per cent a year over FY23 to FY26
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Rural economy is helping consumption demand, but it is inadequate to compensate for the loss of urban demand.
Rating agency expects monetary policy stance to change to neutral from accommodative in August 2021 policy review or later
India's inability to go about doing business during the lockdown to contain the coronavirus had a profound impact on the economy
The National Statistical Office on Thursday estimated nominal GDP at Rs 194.8 trillion - a 4.2 per cent contraction over the previous fiscal year
Within services, financial, real estate and professional services are expected to perform well
Indian economy will need careful policy handling
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In order to obtain 7 per cent growth, among other things, India has to tackle the stagnation in exports and the next Budget can make a beginning
Advance Estimates have accurately projected the real GDP growth rate in three of the past 12 years
This comes days ahead of the advance estimates for gross domestic product (GDP) growth for FY21
The GDP contracted an unprecedented 23.9 per cent in the first quarter and came in better than expected 7.5 per cent in the second quarter
While inflation is likely to moderate, fiscal deficit is clearly the pain point
Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names
Ind-Ra projections are close to the RBI's expectation of 7.5 per cent GDP growth rate in the current financial year
Weekly estimates for the first three weeks of December indicate a likely marginal improvement in aggregate employment compared to November