Page 218 - Indian Economy

Top headlines: Int'l flights not from Dec 15; Nov GST mop up at Rs 1.31 trn

Business Standard brings you the top stories on Wednesday

Private sector investments yet to gather pace despite finmin optimism

Private sector prefers to be in wait-and-watch to see sustainability of demand and how markets play out as tapering sets in with most central banks

'Omicron's impact on emerging economies to depend on curbs, policy support'

"Countries with an assured supply of effective vaccines and delivery systems, and high levels of vaccine acceptance by the public, will remain better positioned," Moody's said.

India will remain a coal-dependent economy well into the future

Despite diplomat-speak at Glasgow, the country will remain a coal-dependent economy well into the future

Eight core sectors' output grows to 7.5% in October

The core sector grew 6.9 per cent, compared with the pre-Covid month of October 2019

Unemployment rate at 9.4% in January-March 2021: NSO survey

NSO data: Joblessness drops in urban India but higher than pre-Covid level

GDP grows 8.4% in Q2; demand, services drag down economic activities

GDP remained almost flat, barely managing to expand 0.3% over the pre-Covid period of Q2 FY20

India's fiscal deficit for April-October at 36.3% of FY22 target

The windfall gains from oil revenues have contributed to the government's tax collection

S&P keeps India GDP growth forecast unchanged at 9.5% in FY22

S&P Global Ratings on Tuesday kept India's economic growth forecast in the fiscal year to March 2022 unchanged at 9.5 per cent but raised its predictions for the subsequent year on broadening out of the recovery. The Indian economy had shrunk by 7.3 per cent in 2020-21 fiscal (April 2020 to March 2021) as pandemic induced restrictions battered business activity. The gradual lifting of the restrictions has helped the economy to rebound from pandemic lows. "India is learning to live with the virus. Following the peak in COVID-19 cases around mid-year, the stringency index has declined, mobility has recovered, and consumer and business confidence has improved," S&P Global Ratings said in a report. Rising inflation is a pressure point, unlike elsewhere in emerging Asia. But external demand continues to support growth. Recent high-frequency indicators such as the October services purchasing managers' index reading of 58.4 suggest a strong recovery is underway. "We leave our growth .

India likely to have double-digit growth this fiscal, says CEA

India will achieve its fiscal deficit target of 6.8% of gross domestic output in FY22, says K V Subramanian

India's GDP passes pre-Covid level, but by a tad; France still 0.4% below

The structure of each country's GDP was different, with different components driving up growth, even before the pandemic

Indian economy in Q2FY22 reaches Q2FY20 levels

Growth numbers in the first half of FY22 should be interpreted with caution as these numbers are mainly due to low base of FY21

Two years lost

Private consumption continues to remain weak

Abject failure of govt's policies: Congress on latest GDP figures

The Congress on Tuesday claimed the latest GDP figures "reveal the continued abysmal performance" of the economy and the "abject failure" of the government's policies

GDP grows at 8.4% in Q2; India maintains status as fastest growing economy

With economic activities returning back to normalcy post the second wave of pandemic, this is the fourth consecutive quarter of positive growth after a two-quarter contraction witnessed last year

Not yet 'V-shaped' recovery, sectors of economy still crippled: Chidambaram

India's GDP growth slowed to 8.4 percent in the second quarter of 2021-22, mainly due to waning low base effect, but the economy has surpassed the pre-Covid level, official data showed

Q2 GDP: Signs of durability amiss as momentum wanes after festive season

While rising vaccine coverage and fuel tax cuts will boost confidence and re-invigorate demand, the spectre of higher prices may contain the consumption recovery in H2FY22

Top headlines: Q2 GDP grows at 8.4%; fiscal deficit at 36.3% of FY22 target

Business Standard brings you the top stories on Tuesday

India's April-October fiscal deficit at 36.3% of full year target

In absolute terms, the fiscal deficit was Rs 5,47,026 crore at the end of October

Eight core sectors' output grows to 7.5% in October

Core sector growth was 4.5% in September