"indias-gdp"

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 […]

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.

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

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.

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

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

However, the Asian Development Bank (ADB) cautioned that the surge in Covid-19 cases may put the country's economic recovery at risk.

Cuts GDP growth projection to 10.2% in FY22 from an earlier projection of 10.7-10.9%

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.