Page 4 - Latest Updates on Gross Domestic Product (GDP)
First economic contraction in 4 decades: India's GDP shrinks 23.9% in Q1, FY21
The first economic contraction since 1980, and maiden quarterly GDP fall on record, follows limited activity during the June quarter amid lockdowns to control the spread of the coronavirus pandemic
 "First economic contraction in 4 decades: India's GDP shrinks 23.9% in Q1, FY21")
India lags peers in heading back to the workplace amid coronavirus
Analysis of Google data shows office visits have declined over the last month
 "India lags peers in heading back to the workplace amid coronavirus")
US economy likely suffered historic plunge in Q2; outlook grim due to virus
Federal Reserve Chair Jerome Powell on Wednesday acknowledged the slowdown in activity
 "US economy likely suffered historic plunge in Q2; outlook grim due to virus")
We urgently need new tools to measure economic recovery after coronavirus
The IMF has revised downward its forecast for global economic growth from -3% to -4.9% this year
 "We urgently need new tools to measure economic recovery after coronavirus")
BS READS: Political rhetoric, Chinese money are drowning out India in Nepal
Even as the Nepalese PM theologises on the nationality of Hindu gods, China is outspending India, buying Indian companies and increasing its cultural presence in Nepal
 "BS READS: Political rhetoric, Chinese money are drowning out India in Nepal")
India's debt to hit 87.6% of GDP in FY21; FRBM target only by FY30: Report
India's debt to GDP ratio has increased from Rs 58.8 trillion (67.4 per cent of GDP) in the financial year 2011-12 (FY12) to Rs 146.9 trillion (72.2 per cent)
 "India's debt to hit 87.6% of GDP in FY21; FRBM target only by FY30: Report")
New projects fall over 50% in June as coronavirus lockdown takes hold
Data from the Centre for Monitoring Indian Economy shows full effect of shutdown in June quarter
 "New projects fall over 50% in June as coronavirus lockdown takes hold")
Estimate space sector's share in GDP before allowing pvt sector: Experts
The Indian government should first gather data as to the share of space sector in the country's GDP and resolve conflict of interest issue before framing policies, said industry experts.
 "Estimate space sector's share in GDP before allowing pvt sector: Experts")
India coronavirus dispatch: Poor spending heightens vulnerability to crisis
Mizoram enforces Lockdown 7.0, Hyderabad suspends Covid testing, and stroke, depression, anxi-ety in Covid patients - a roundup of news on how India is dealing with the pandemic
 "India coronavirus dispatch: Poor spending heightens vulnerability to crisis")
Farm sector the only silver lining in FY21 as economy nears negative zone
Though it may not have a huge impact on overall economic growth given its diminishing share in India's GDP, positive growth in agriculture has the potential to revive the rural economy
 "Farm sector the only silver lining in FY21 as economy nears negative zone")
'Turn Covid crisis into an opportunity': PM speech 10 key highlights
PM today said our economy is facing unprecedented challenge but is determined to convert them into an opportunity
 "'Turn Covid crisis into an opportunity': PM speech 10 key highlights")
India's high debt-to-GDP ratio acceptable in times of Covid, say analysts
However, Centre and states must have a clear road map on what the extra borrowing will be spent on, and on how they plan to return to a path of fiscal consolidation
 "India's high debt-to-GDP ratio acceptable in times of Covid, say analysts")
Covid-19 pandemic to delay consumer price index, GDP base year revision
Besides challenges related to carrying out field surveys amid the pandemic, primary concern pertains to the current year not being a normal economic year
 "Covid-19 pandemic to delay consumer price index, GDP base year revision")
Ratio of India's public debt to GDP likely to scale a new high in FY21
According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020
 "Ratio of India's public debt to GDP likely to scale a new high in FY21")
BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister
The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 crore start-up fund of funds launched five years ago
 "BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister")
India GDP could contract 5.3% due to coronavirus 'disorder': India Ratings
Pandemic disrupted production, broke supply chains 'washed out of activities' in key sectors: Ratings agency.
 "India GDP could contract 5.3% due to coronavirus 'disorder': India Ratings")
Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds
Collections may come under pressure once the base effect wears off
 "Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds")
Fitch Ratings, CRISIL, SBI Research see India economy shrinking in FY21
CRISIL said it expected the current quarter's GDP to shrink 25 per cent year on year.
 "Fitch Ratings, CRISIL, SBI Research see India economy shrinking in FY21")
Indian economy on course for full-year contraction: DBS Bank economist
The government on Saturday said a phased exit would begin on June 1 from the over-two-months-long nationwide lockdown
 "Indian economy on course for full-year contraction: DBS Bank economist")
Q4 GDP figures overstated? Economists raise doubts over quality of data
Data released on November 29, 2019 showed that GDP grew 5 per cent in the first quarter and 4.5 per cent in the second quarter of FY20
 "Q4 GDP figures overstated? Economists raise doubts over quality of data")
