Page 36 - India Gdp Growth

India GDP recovering better than expected; to contract 7.4% in FY21: SBI

The report also says that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms

S&P revises India's FY21 GDP contraction forecast to 7.7% from 9% earlier

S&P Global Ratings on Tuesday raised India's growth projection for the current fiscal to (-) 7.7 per cent from (-) 9 per cent estimated earlier on rising demand and falling COVID infection rates. "Rising demand and falling infection rates have tempered our expectation of COVID's hit on the Indian economy. S&P Global Ratings has revised real GDP growth to negative 7.7 per cent for the year ending March 2021, from negative 9 per cent previously," S&P said in a statement. The US-based rating agency said its revision in growth forecast reflects a faster-than-expected recovery in the quarter through September. For the next fiscal, it projected India's growth to rebound to 10 per cent. India's gross domestic product fell 7.5 per cent in the July-September quarter, against a contraction of 23.9 per cent in the April-June quarter. S&P said India is learning to live with the virus, even though the pandemic is far from defeated and reported cases have fallen by more than half ...

India should focus on sunrise sectors to stay competitive: NITI Aayog CEO

Kant further added that the production-linked incentive (PLI) scheme for 10 key sectors, which the government announced last month, should spur growth in manufacturing in a big way

Covid shock: India got its response right

The economic recovery thus far has vindicated the government's approach to minimising the impact of the pandemic

Nomura says India would be fastest growing Asian economy in 2021

Nomura has turned positive on India's cyclical outlook for 2021, and believes the country is on the cusp of a cyclical recovery

Top headlines: Nomura on Indian economy in 2021, govt says no change in MSP

Business Standard brings you top headlines of the evening

Forget the alphabet jugglery, economic recovery is here to stay: FM

Debunks theory that recent upsurge was due to pent-up or festival demand, says food inflation is seasonal and will cool down

Growth prospects have brightened with vaccine progress: RBI Governor Das

Reserve Bank Governor on Friday said growth rate is likely to turn positive in the second half of the current financial year.

Optimistic about revival in Q3, says FinMin in monthly economic review

FinMin said there were no fundamental or structural factors behind the GDP contraction

Macro backdrop calls for status quo on rates

The MPC in all likelihood would keep the repo rate unchanged at 4 per cent, extending the pause from its August and October meetings and reiterating the accommodative stance

OECD cuts India's FY21 GDP contraction rate to 9.9% from 10.2% earlier

Expects Budget to be cautious on fiscal expansion, sees rate cut by RBI around turn of the current financial year

S&P retains India's GDP forecast at 9% contraction for current fiscal

S&P Global Ratings on Monday retained its forecast of 9 per cent contraction in the Indian economy for the current fiscal, saying even though there are now upside risks to growth but it will wait for more signs that COVID infections have stabilised or fallen. S&P, in its report on Asia Pacific, projected the Indian economy to grow at 10 per cent in the next fiscal. "We retain our growth forecast of negative 9 per cent in fiscal 2020-2021 and 10 per cent in fiscal 2021-2022. While there are now upside risks to growth due to a faster recovery in population mobility and household spending, the pandemic is not fully under control. "We will wait for more signs that infections have stabilised or fallen, together with high-frequency activity data for the fiscal year third quarter, before changing our forecasts," S&P said. According to the official data released last week, Indian economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped ..

Indian GDP to contract by 7-9% in FY21; Q2 numbers a positive surprise

Despite the base effect, agriculture and allied activities maintained a steady growth of 3.4 per cent in Q2 FY2021

Cheer in recession: GDP contracts at a slower pace of 7.5 per cent in Q2

As expected, agriculture held up yet again, clocking a growth of 3.4 per cent for the second consecutive quarter

On the road to V-shaped economic recovery, where does India stand

While the economy performed better than expected, it has a long road ahead when compared to other countries

Public debt in India - II

The security level analysis shows that the large contribution of nominal returns poses a potential risk for unstable debt-GDP dynamics in India

GDP estimates signal upside potential for Indian economy this fiscal: CEA

Given the uncertainty, he said, it is difficult to predict if positive territory can be hit in the third or fourth quarter of this fiscal

Indian economy claws back faster than expected in Q2; contraction at 7.5%

The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter of the 2020-21 fiscal (April 2020 to March 2021) as the coronavirus lockdown pummelled economic activity

Q2 GDP data today: India may see worst contraction among other economies

Mean forecasts put India's Q2 GDP contraction close to 10%; in Q1, the country's GDP number decline was steepest among G20 nations

Q2 GDP data to be released today: India may still enter technical recession

India's economy shrank at an unprecedented 23.9 per cent in the first quarter