Monday, October 25, 2021

GDP Growth

Editorial: Tempering expectations

IMF scaling down India’s growth forecast is yet another grim reminder of the ongoing crisis and the tough recovery road ahead

S&P affirms India rating at lowest investment grade for 14th year in a row

The sovereign credit ratings on India reflect the economy's above-average long-term real GDP growth, sound external profile, and evolving monetary settings, S&P Global Ratings stated.

S&P cuts India’s FY22 growth forecast to 9.5%

GDP growth in the current fiscal was estimated to be in double digits initially, but a severe second wave of pandemic has led to various agencies cut growth projections.

Icra projects GDP growth at 8.5% in FY2022

Last week, the Reserve Bank of India (RBI) had projected real GDP growth at 9.5 per cent in 2021-22.

Onus of recovery on govt; expect over 9.5 pc GDP growth in FY22

The government may be waiting for the lockdowns to end before they can announce specific measures for the revival, which can have the best multiplier effect.

SBI economists cut FY22 GDP growth estimate to 7.9%

Official data released on Monday said the economy grew at faster than expected at 1.6 per cent for the fourth quarter of FY21, resulting in a contraction of 7.3 per cent for the entire fiscal.

My unlisted portfolio has delivered higher returns: Rakesh Jhunjunwala

Jhunjunwala, who is reported to be the largest individual investor in the domestic markets, also said the level of taxation on the equity markets is "reasonable" given the socio-economic conditions in the country.

India’s economy may grow at 12% in 2021: Moody’s

Core inflation is likely to see a more controlled rise in 2021, although food-price or fuel-driven inflation can become a recurring factor, weighing on household disposable income. 

Indian economy on ‘upswing’: Arvind Panagariya

In 2019, Prime Minister Narendra Modi envisioned to make India a $5 trillion economy and global power house by 2024-25.

Indian economy to contract by 7 per cent in FY21: SBI Research

The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers.

India’s rating shouldn’t come under pressure due to higher deficit: DEA Secy

He hoped that the global rating agencies would retain India's sovereign rating at the existing levels.

RBI projects GDP growth rate of 10.5% for FY22

With regard to inflation, RBI Governor Shaktikanta Das said vegetable prices are expected to remain soft in the near term

India reaping ‘lockdown dividend’ by saving lives: Eco Survey

Faced with enormous uncertainty, India adopted a strategy of Bayesian updating to continually calibrate its response while gradually unlocking and easing economic activity.

Weak reform implementation could lower India’s growth: Fitch

Fitch ratings said the revival of the reform agenda is among the Indian government's policy responses to the Covid-19 pandemic shock

FY21 GDP to contract at 7.4 pc on better recovery: SBI report

The report also believes that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms.

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