Page 12 - Indian Economic Growth

At 6.6%, India's GDP contracted less than projected in FY21: NSO data

FY22 growth may NOW dip to 8.8% vs 9.2% estimated earlier; core growth across eight sectors clocks 8.4%

Budget 2022-23: Higher allocation in infra sector to fuel economic recovery

Brokerages expect government spending on infrastructure to continue in FY23 with sizeable growth in capital expenditure in roads, highways, railways, defence, and housing sectors

Risks to recovery

Global economy will increase policy complications for India

Biz activity dips to pre-pandemic levels amid third Covid wave: Report

The ongoing third wave of the coronvirus pandemic has dragged business activity almost back to the pre-pandemic levels, a weekly report tracking the changes said

Indian economy to see 9.5% growth this fiscal: Ex-chief economic adviser

The Indian economy is likely to register a growth of 9.5 per cent in this financial year, former chief economic adviser Arvind Virmani said on Tuesday. Addressing a virtual event organised by industry body PHDCCI, Virmani said that government expenditure and exports have peaked, but so far private consumption has not recovered due to the COVID-19 pandemic. "The current financial year's growth will be higher and close to 9.5 per cent. And this decade's (FY21-FY30) average growth will be 7.5 per cent plus minus 0.5 per cent," he said. According to the recent government data, the Indian economy is estimated to grow at 9.2 pc in 2021-22, as against 7.3 pc contraction in 2020-21. The Reserve Bank of India (RBI) has lowered the growth projection for the current financial year to 9.5 per cent, while the International Monetary Fund (IMF) has projected a growth of 9.5 per cent in 2021, and 8.5 per cent in the next year. The eminent economist said that India's GDP growth is now positive, bu

Fitch Ratings cut India's FY22 economic growth forecast to 8.4%

It raised GDP growth projections to 10.3 per cent, from the earlier expected 10 per cent for the next fiscal year (2022-23)

TMS, Ep 25: India's GDP growth, surrogate ads, FMCG stocks, and metaverse

How can India build high GDP growth momentum? What do surrogate ads beat Indian laws? Will rising input costs and falling rural sales derail FMCG stocks? What's metaverse? Get all the answers here

Indian economy is bouncing back strongly: MoS for External Affairs

The MoS said the Narendra Modi government has undertaken far-reaching structural reforms, making use of the mantra of 'Reform, Perform and Transform'

FM Sitharaman says India looking at near double-digit growth this year

Pitches for urgent reforms in UN, World Bank, IMF as 'they no longer speak for all nations'

Rising inequality due to Covid pandemic must be bridged: RBI Governor

Says Covid has asymmetrically affected population, calls for fixing it; also bats for big infra push

OECD trims India's economic growth forecast to 9.7% for FY22

If the projections come out to be correct, India's economy would be the fastest growing large economy in both these years

Why has India's growth slowed?

The slowdown in growth is primarily on account of the banking crisis

Economic growth may not hold if private spend dips, say economists

Economists say revival will hinge on govt spending, policy support

India's GDP likely to grow 13-23% in first quarter, say economists

The IIP was up 45 per cent in the first quarter due to the 134.63 per cent rise in April owing to a low base

Adani sees Indian economy growing to $15 trillion in two decades

The Indian economy was worth $2.89 trillion before the pandemic, which wiped off over 7 per cent of the total economy.

Crisil cuts FY22 growth projection to 9.5% on hit to pvt consumption

The economy had contracted by 7.3 per cent in FY21.

Growth it shall be: RBI's future stance for the economy very clear now

Monetary policy committee's decisions show there is slim chance of repo rate being increased in near future

Investment activity hits historic low in FY21 amid Covid-19 pandemic

This is because of the lockdown in Q1; sharp pick-up in Q4 may not sustain, say experts

Covid second wave triggers raft of growth forecast revisions: RBI report

RBI said Covid-19 pandemic has triggered revision of growth projections for the current financial year with consensus gravitating towards its earlier forecast of 10.5 per cent

UN expects India's GDP to grow 7.5% in 2021, outlook fragile due to Covid

The United Nations has raised India's growth forecast to 7.5 per cent for calendar year 2021, but said the country's outlook for the year remains highly fragile