Page 5 - Latest Updates on Gross Domestic Product (GDP)
Slowdown, then pandemic
GDP data shows virus hit an already weakened economy
 "Slowdown, then pandemic")
Statsguru: Economy was in grips of a slowdown even before Covid-19 hit
Manufacturing is weakening, as is the job-generating construction sector
 "Statsguru: Economy was in grips of a slowdown even before Covid-19 hit")
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")
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")
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")
Why govt needs a fresh 20/20 vision for Budget 2020
The provisional actual numbers reveal revenue shortfall led to a wider fiscal deficit in 2019-20, but unlike the previous year, the gap was met largely through higher borrowing in a transparent manner
 "Why govt needs a fresh 20/20 vision for Budget 2020")
Economy in Modi 2.0: A year best forgotten as things turn bad to worse
Even before the lockdown, the economy was on the downhill despite the Centre announcing huge corporation tax cuts
 "Economy in Modi 2.0: A year best forgotten as things turn bad to worse")
GDP data: Yet another huge knock for Modi govt's economic growth story
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
 "GDP data: Yet another huge knock for Modi govt's economic growth story")
Chinese exceptionalism
Trade ties with China are mutually beneficial but the world should seek transparency about that country's institutions
 "Chinese exceptionalism")
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")
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")
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")
RBI gives exporters, importers liquidity and more time amid Covid-19 crisis
RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector
 "RBI gives exporters, importers liquidity and more time amid Covid-19 crisis")
Markets were expecting a rate cut; onus now on banks to pass on the benefit
Given the severity of the situation due to the Covid-19 pandemic, the timing of rate transmission holds great significance.
 "Markets were expecting a rate cut; onus now on banks to pass on the benefit")
RBI buttresses earlier position forcefully; economic forecasts conservative
The central bank cut the repo rate by 40 bps to 4% and the reverse repo rate was brought down to 3.35%
 "RBI buttresses earlier position forcefully; economic forecasts conservative")
RBI says India GDP will contract in FY21, cuts repo rate by 40 bps to 4%
RBI extends the moratorium on loan repayments by three more months
 "RBI says India GDP will contract in FY21, cuts repo rate by 40 bps to 4%")
India coronavirus dispatch: Strategies to reform governance beyond pandemic
From building a functioning public health system to why you must not use sanitisers on fruits and vegetables - read these and more in today's India dispatch
 "India coronavirus dispatch: Strategies to reform governance beyond pandemic")
Fiscal math of the imponderables
Growth holds the key to the government's fiscal deficit slippage
 "Fiscal math of the imponderables")
India GDP to fall 45 per cent in June quarter, predicts Goldman Sachs
Predicts a 5 per cent GDP contraction for India in FY21, says recently announced reforms not to have immediate impact on reviving growth
 "India GDP to fall 45 per cent in June quarter, predicts Goldman Sachs")
Higher borrowing can see FY21 combined fiscal deficit hit 12%: Economists
Net borrowing ceiling for 2020-21 was earlier pegged at Rs 6.41 trillion (3 per cent of gross state domestic product), and the states have thus far borrowed merely 14 per cent of this authorised limit
 "Higher borrowing can see FY21 combined fiscal deficit hit 12%: Economists")
