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Real wages, per capita income, jobs, private investment, and consumption may offer a better measure of broad-based growth
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CII president asserted that the country must pursue bilateral trade pacts with key trading partners to protect national interests in the backdrop of increasing trade barriers
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The new tariffs may adversely impact India’s booming exports in various sectors, but it could still remain competitive as China, Vietnam, Taiwan and Thailand face even higher tariffs
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India, however, is likely to be relatively less impacted among Asian economies as other countries have been hit by higher tariff rates or run a larger trade surplus with the US
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RBI’s change in stance is aimed at supporting growth but expectations must be tempered, given the uncertainties of the global economic environment
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"The conditions are shaping up for an extension of a trend upshift in India's real GDP growth, backed by strong investment demand and upbeat business and consumer sentiments," the report states.
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New Delhi: India’s gross domestic product during fiscal year 2021-22 is estimated at 8.7 per cent as compared to a contraction of 6.6 per cent in 2020-21, official data showed on Tuesday. The GDP grew 4.1 per cent year on year in Q4FY22, data showed. In the same quarter of FY21, it was 1.6 per […]
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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.
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Flagging low innoculation rate, it said faster vaccination progress will be paramount in restricting economic losses to the current quarter.
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The association also stressed upon the need for immediate and appropriate measures by authorities to control further damage.
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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.
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The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20.
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State Bank of India (SBI) has developed a 'nowcasting model' with 41 high-frequency indicators associated with industry activity, service activity, and global economy.
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However, the Asian Development Bank (ADB) cautioned that the surge in Covid-19 cases may put the country's economic recovery at risk.
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Cuts GDP growth projection to 10.2% in FY22 from an earlier projection of 10.7-10.9%
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Assam, once known for agitation and violence, is marching forward on the path of development under the leadership of the prime minister, Sonowal and Sarma, he said.
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The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday
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The economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the COVID-19 pandemic.
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The SBI business activity index showed continuous improvement and expected Q3 numbers to be even better.