Page 17 - India Gdp
Icra maintains 7.2% GDP forecast for FY23, sees pick-up in govt expenditure
Citing revival in contact-intensive services and a pick-up in government and private expenditure, rating agency Icra on Wednesday retained its previous growth forecast of 7.2 per cent for the current fiscal. Growth is expected to pick up to pre-Covid levels on the back of pent-up demand, even though on an annualised basis, the absolute numbers will be falling from Q1 (13.5 per cent) to a much lower level in Q2 and further down in the two remainder quarters due to the high base, the agency said. At 7.2 per cent, the number is marginally higher than most consensus forecast of 7 per cent and 10 bps lower than what S&P forecast earlier this week. The RBI is widely believed to again lower its growth forecast at its September 30 monetary policy review from the previous projection of 7.2 per cent. "We maintain our GDP forecast of 7.2 per cent for FY2023, aided by a revival in contact-intensive services owing to pent-up demand, and a back-ended pick-up in government and private capex. ...
 "Icra maintains 7.2% GDP forecast for FY23, sees pick-up in govt expenditure")
Covid-19 behind, M&E sector navigates the future at Ficci Frames 2022
Back after a two-year hiatus, the summit deliberated on key issues plaguing the sector
 "Covid-19 behind, M&E sector navigates the future at Ficci Frames 2022")
Navigating the affordable housing finance market
The demand for affordable housing finance is very high, but housing finance companies have not disbursed loans up to their potential, owing to a lack of awareness among customers about such firms
 "Navigating the affordable housing finance market")
Depreciating rupee not likely to cause fiscal slippage, say experts
Petroleum, fertiliser imports to become expensive, subsidy bill set to rise
 "Depreciating rupee not likely to cause fiscal slippage, say experts")
ADB cuts FY23 GDP forecast for India to 7% citing sluggish global demand
Earlier forecast was 7.2%; institution says high inflation is another growth hurdle, cut FY24 forecast to 7.2% from 7.8%
 "ADB cuts FY23 GDP forecast for India to 7% citing sluggish global demand")
India's GDP likely to grow 7.2-7.4% in FY23, says CEA Nageswaran
Global slowdown positive for India on balance, says CEA
 "India's GDP likely to grow 7.2-7.4% in FY23, says CEA Nageswaran")
CEA says India poised to grow at 7% this year and for rest of decade
Economic Survey had pegged FY23 GDP growth higher at 8-8.5%
 "CEA says India poised to grow at 7% this year and for rest of decade")
At it yet again! The sequencing problem in setting a base year for GDP
The current datelines imply the GDP changes will happen only after the general elections of 2024
 "At it yet again! The sequencing problem in setting a base year for GDP")
RBI policy: MPC may raise repo rate 35-50 bps, shows Business Standard poll
Many expect the RBI to lower the GDP growth estimate to 7%
 "RBI policy: MPC may raise repo rate 35-50 bps, shows Business Standard poll")
Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%
At a more macro level, Fitch now expects world GDP to grow by 2.4 per cent in 2022 - revised down by 0.5 percentage points (ppt) since the June assessment
 "Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%")
The investment puzzle
Sustainable demand revival will need policy certainty
 "The investment puzzle")
India 2022: Getting bigger but not richer
The link between the size of the economy and prosperity is tenuous
Indian auto industry should aim for higher quality: Maruti Suzuki's Ayukawa
It should 'localise smallest of the components' and invest in new technology, says business leader
 "Indian auto industry should aim for higher quality: Maruti Suzuki's Ayukawa")
India June quarter GDP growth second worst among G20 nations: OECD
In India, the main reasons for the slowdown were decreases in government spending and net trade (exports minus imports), according to OECD calculations.
 "India June quarter GDP growth second worst among G20 nations: OECD")
PM to launch national logistics policy on Sat for seamless flow of goods
The policy is being brought in tandem with Prime Minister's ambitious GatiShakti national master plan
 "PM to launch national logistics policy on Sat for seamless flow of goods")
Moody's retains India rating and outlook, days after cutting GDP forecast
Says credit profile reflects strengths like large and diversified economy, but warns that country is highly exposed to climate change events
 "Moody's retains India rating and outlook, days after cutting GDP forecast")
Can India's GDP grow 7% annually over 25 yrs? Data suggests it's tough
India has seen GDP growth of 7% or more for five straight years only once in the past 30 years
 "Can India's GDP grow 7% annually over 25 yrs? Data suggests it's tough")
CAD may touch nine-year-high in Q1FY23 as net exports soar
India's CAD stood at 1.5% of GDP in the March quarter of FY22 compared to a CAD of 2.6% of GDP in the preceding quarter of FY22
 "CAD may touch nine-year-high in Q1FY23 as net exports soar")
Day after Q1 GDP data, a spate of forecast cuts by banks, institutions
Moody's cut its forecast to 7.7%, from 8.8%, citing dampening economic momentum in the coming quarters on rising interest rates, uneven monsoon, and slowing global growth
 "Day after Q1 GDP data, a spate of forecast cuts by banks, institutions")
Centre's fiscal deficit at 5.2% of GDP in Q1; experts say it may widen
Expect capex to pick up in the second half of the year and inch closer to 6.4% Budget estimate for full year
 "Centre's fiscal deficit at 5.2% of GDP in Q1; experts say it may widen")