The government's First Advance Estimate suggests the worst performance ever for the Indian economy in the wake of the slowdown caused by the coronavirus pandemic
While inflation is likely to moderate, fiscal deficit is clearly the pain point
Centre may have to amend FRBM Act once again to achieve this, which isn't an issue as such an amendment does not require a two-third or three-fourth majority
Says India has capacity to produce Covid vaccines for itself and other countries
Agency had forecast a small contraction of one per cent during Q3
Deloitte says recovery depends on vaccine, spread of Covid cases
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Sen said quarterly GDP numbers are still derived from some corporate accounts and corporates have not fared as badly as the non-corporate sector
However, low demand in the economy has been arresting fresh investments, and experts tracking India Inc have not seen any major announcement in this zone
Says Covid vaccines aren't likely to reach majority even in a year, Cautions against weak balance sheets, challenges in financial sector
India's economy recovered faster than expected in the third quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent.
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In a Q&A, Rajiv Kumar says GDP growth could be a small negative in Q3, positive in Q4, even as he calls for more measure to spur private investment
While the economy will still see a fall in FY21, it is likely to be less pronounced than what experts had forecast earlier
Warns about the possibility of another, more devastating Covid wave, strikes an optimistic chord on declining infections
Current year will continue with a drop of 7-7.5% which is lower than the earlier anticipated 10%
In order to avoid a negative growth in full FY21, India will need to see real GDP growth of over 15% in each of the two remaining quarters. That may not be possible in the present economic scenario
Ficci President Sangita Reddy said the GDP print has come in as a pleasant surprise
Tune in to know why should one worry about the industry's falling share in India's GDP, how does it affect the country's overall economic growth in the long-term and more
For the current fiscal, Fitch Ratings has projected a 10.5 per cent contraction in Indian economy