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")
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'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")
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")
Fitch revises India's rating: A third view which is different yet again?
Fitch has used the pandemic impact to comment on lower growth for India, which can be -5 per cent this year due to the lockdown and its effects
 "Fitch revises India's rating: A third view which is different yet again?")
Fitch revises India's sovereign rating outlook to negative from stable
Retains ratings at lowest investment grade
 "Fitch revises India's sovereign rating outlook to negative from stable")
'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 may see 7.3% contraction if coronavirus strikes again: OECD
If it doesn't, the grouping of advanced countries in its twice-yearly publication-OECD Economic Outlook-- said that it expected India's economy to contract 3.7 per cent during the year.
 "India may see 7.3% contraction if coronavirus strikes again: OECD")
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")
India's tax-GDP ratio plunges to 9.88% in FY20, lowest in 10 years
While the ratio determines the extent to which the government is able to finance its expenditure, it is also an indicator of tax compliance
 "India's tax-GDP ratio plunges to 9.88% in FY20, lowest in 10 years")
After the lockdown: Indian economy's path ahead is riddled with potholes
While some economists believe the Indian economy would contract 5%, others say there could be a double-digit fall in FY21. A K Bhattacharya lists the challenges facing India's economic recovery
 "After the lockdown: Indian economy's path ahead is riddled with potholes")
Downgrade of India's sovereign rating by Moody's not surprising: SBI report
India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.
 "Downgrade of India's sovereign rating by Moody's not surprising: SBI report")
