"gdp"

The fears over the possible third wave of the pandemic, coupled with growing unemployment, have created a situation where expectations of a quick economic recovery need to be tempered

The report said that although growth is projected at 8.3 per cent in 2021 for India, this masks significant expected economic damage from Covid's second wave.

The campaigns come with lively promotional videos running in Spanish and English that highlight some of the unique attractions of each city.

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.

Flagging low innoculation rate, it said faster vaccination progress will be paramount in restricting economic losses to the current quarter.

"Due to the ferocious second Covid wave, we have revised down our real GDP growth forecasts. Compared with our Mar'21 forecast of 30 per cent YoY, we now expect real GDP growth of 21 per cent YoY in 1QFY22, with some downward revision in 2QFY22 as well,"

CII president T V Narendran also said the chamber expects GDP to grow at 9.5 per cent in 2021-22.

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

The association also stressed upon the need for immediate and appropriate measures by authorities to control further damage.        

"India's recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic," the World Bank said.

Crisil said that the second Covid wave has thrown cold water over the Indian economy that was beginning to warm up after witnessing the most severe contraction since Independence.

Monetary Policy Committee emphasises the need for policy support from all sides – fiscal, monetary and sectoral – required to nurture recovery and expedite return to normalcy

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.

Contrary to the narrative being advanced by the NDA govt, GDP growth has been a point of growing weakness for the last five years

As per the CGA data for fiscal 2020-21, the tax revenue collection was 105.9 per cent of the Revised Estimates (RE) presented in the budget.

The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20.

Creating safe working zones is necessary, for it is not possible to perpetually fear and abstain from livelihood activities

State Bank of India (SBI) has developed a 'nowcasting model' with 41 high-frequency indicators associated with industry activity, service activity, and global economy.

According to the report, India's online higher education and lifelong user base will grow at a CAGR of 50 per cent till FY25.

Brou expressed optimism that vaccine programs would help contain the pandemic in the sub-region to make way for the normalisation of socio-economic activities, the Xinhua news agency reported.