Page 5 - Latest Updates on Gross Domestic Product (GDP)
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")
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")
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")
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")
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")
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")
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")
Slowdown, then pandemic
GDP data shows virus hit an already weakened economy
 "Slowdown, then pandemic")
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")
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")
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")
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%
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 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")
