Page 9 - Latest Updates on Gross Domestic Product (GDP)
Impact of divergence between ministries and govt depts on economic data
Departments are most reluctant to factor in changes in the GDP within the same financial year
 "Impact of divergence between ministries and govt depts on economic data")
OECD slashes India's FY21 growth forecast to 5.1% on coronavirus woes
According to the latest OECD Interim Economic Outlook Forecasts, India's real GDP growth is expected at 5.1 per cent during the fiscal year starting April 1, 2020
 "OECD slashes India's FY21 growth forecast to 5.1% on coronavirus woes")
Slowdown: Fitch cuts India GDP forecast for FY20 to 4.9% on weak demand
The GDP growth is forecast to recover slightly to 5.4 per cent in 2020-21 (April 2020 to March 2021)
 "Slowdown: Fitch cuts India GDP forecast for FY20 to 4.9% on weak demand")
Consumption growth print for Q3FY20 GDP not in sync with quarterly earnings
With limited monetary policy space, India-Ratings and Research believes the Reserve Bank of India will continue to focus on monetary transmission through long-term repo operation/operation twist
 "Consumption growth print for Q3FY20 GDP not in sync with quarterly earnings")
Statsguru: Decoding Indian economy's growth risks and muted outlook
The stress lies in the manufacturing and construction sectors, the biggest employers of semi-skilled labour
 "Statsguru: Decoding Indian economy's growth risks and muted outlook")
GDP growth slows to nearly 7-year low of 4.7% in Q3 on weak manufacturing
Interestingly, the GDP estimates for FY19 have been revised downwards significantly, pushing up quarterly growth estimates for the current financial year
GDP growth higher than expectations, but no Covid-19 impact spoken of
Q3 GDP growth, which has come in at 4.7%, could be the precursor to an even higher growth number in Q4 which should be around 5%
 "GDP growth higher than expectations, but no Covid-19 impact spoken of")
Understanding Budget policy
Its objectives are clear. But the reality in recent years has not cooperated with the government's plans
 "Understanding Budget policy")
Will Q3FY20 GDP numbers surprise today? Here's what analysts expect
Despite the number of measures by the Government and the RBI, the leading indicators available till the quarter ended December, 2019 are not particularly robust
Market Ahead, February 27: Top factors that could guide markets today
Adding to the cautious mood on the Dalal Street will be the expiry of the February series derivative contracts today and the release of the Q3 GDP data tomorrow
 "Market Ahead, February 27: Top factors that could guide markets today")
GDP growth to stay flat at 4.5% in October-December, say SBI economists
They also said that India faces the risk of getting impacted by coronavirus epidemic economically because of its high reliance on Chinese imports for various goods
 "GDP growth to stay flat at 4.5% in October-December, say SBI economists")
As another global economic crisis looms, is it time to disband the G20?
We need to be aware that the failure to bring global finance to heel and, in fact, the encouragement given to it, have brought the world to the brink of another major crisis
 "As another global economic crisis looms, is it time to disband the G20?")
Japan braces for Q4 GDP slump, decline in output on coronavirus fears
Japan is among countries worst affected by the epidemic outside China, with 251 confirmed cases including those on a cruise ship
 "Japan braces for Q4 GDP slump, decline in output on coronavirus fears")
Why India's present slump is a more serious issue than earlier slowdowns
What is unusual about the current period of slow growth is that it has come without an exogenous driver, unlike all previous periods of slowdown, going back 50 years, writes T N Ninan
RBI policy: Monsoon and spending pattern hold key for economic revival
The MPC's action has not surprised as CPI inflation for December left little room for a rate cut
 "RBI policy: Monsoon and spending pattern hold key for economic revival")
RBI policy: Repo rate unchanged at 5.15%; FY21 GDP growth projected at 6%
The committee voted 6-0 in favour of the status quo on the interest rates.
 "RBI policy: Repo rate unchanged at 5.15%; FY21 GDP growth projected at 6%")
Household financial savings dip to 6.5% of GDP despite new RBI methodology
Financial liabilities, on the other hand, had risen sharply after demonetisation after people heavily stashed cash in bank deposits, insurance schemes, and MFs
 "Household financial savings dip to 6.5% of GDP despite new RBI methodology")
Risks of revised estimates
How a potential fiscal deficit of 4.65% of GDP was brought down in the 2019-20 revised estimates
Brace for volatility as Budget hangover, coronavirus keeps markets on edge
Most experts have now turned cautious on the road ahead for the stock market - at least in the short-to-medium term - as they expect the economy to slow even further
 "Brace for volatility as Budget hangover, coronavirus keeps markets on edge")
Budget 2020: Measures to boost business confidence, says PwC India chairman
The stress in the banks and the NBFCs has led to undermining of confidence in the sector
 "Budget 2020: Measures to boost business confidence, says PwC India chairman")
