Despite the base effect, agriculture and allied activities maintained a steady growth of 3.4 per cent in Q2 FY2021
As expected, agriculture held up yet again, clocking a growth of 3.4 per cent for the second consecutive quarter
While the economy performed better than expected, it has a long road ahead when compared to other countries
The security level analysis shows that the large contribution of nominal returns poses a potential risk for unstable debt-GDP dynamics in India
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
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
Mean forecasts put India's Q2 GDP contraction close to 10%; in Q1, the country's GDP number decline was steepest among G20 nations
India's economy shrank at an unprecedented 23.9 per cent in the first quarter
In a research note, it said India's post-COVID-19 scars could be among the worst in the world
Bats for a PPP model to address the deficit in health infrastructure
Govt will need to work on a consolidation plan
India's economy had the biggest contraction, 24 per cent year-over-year in the second quarter
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While ICRA estimates an 11 per cent contraction in the overall GDP in FY21, it expects the contraction to narrow to 5-7 per cent in the Q3 and 1-2 per cent in Q4
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The economy is expected to see a sharp contraction, according to Reserve Bank of India's projection, and so will the tax revenues of the government
…and getting GDP to measure India's data economy
They could help key manufacturing value chains more than double their GDP contribution to $500 billion over the next seven years, says Oct 30 note
He said that India is the only country which utilised the opportunity provided by the current crisis to unleash the second generation reforms that are focused on factor markets
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