Page 2 - Economy Growth Forecast

RBI retains real GDP growth projection at 9.5% for 2021-22 as Covid-19 ebbs

The RBI on Friday retained the real GDP growth projection at 9.5 per cent for 2021-22 as domestic economic activity has started normalising with the ebbing of the second wave of the virus

Top headlines: India sticks to growth forecast; Kerala struggles with Covid

Business Standard brings to you the top headlines on Friday

ADB lowers India's economic growth forecast for this fiscal to 10%

Asian Development Bank has downgraded India's economic growth forecast for current financial year to 10 per cent on Tuesday, from 11 per cent projected in April, on account of coronavirus pandemic

S&P cuts India's FY22 growth forecast to 9.5% from 11% earlier

S&P Global Ratings on Thursday cut India's growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of COVID pandemic. The agency lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to lockdowns imposed by states and sharp contraction in economic activity. We forecast growth of 9.5 per cent this fiscal year from our March forecast of 11 per cent, S&P said. Stating that permanent damage to private and public sector balance sheets will constrain growth over the next couple of years, it projected India's growth at 7.8 per cent in the next fiscal ending March 31, 2023. Further pandemic waves are a risk to the outlook given that only about 15 per cent of the population has received at least one vaccine dose so far, although vaccine supplies are expected to ramp up, S&P said. Indian economy contracted by 7.3 per cent in fiscal 2020-21 as the country battled the

Moody's Investors Service pegs India's GDP growth at 9.3% in FY22

The agency estimated India's economic growth at 9.3 per cent in the financial year ending March 2022 and 7.9 per cent in FY23

SBI revises downwards India's FY22 economic growth forecast to 7.9%

As the second wave of Covid-19 and the resultant restrictions again cripple economic activities, the State Bank of India has lowered India's growth outlook for the current financial year

Barclays cuts India's FY22 GDP estimate to 9.2% on second wave impact

A British brokerage on Tuesday cut India's FY22 GDP growth estimate by a sharp 0.80 per cent to 9.2 per cent, saying the economic impact of the second wave of infections has been deeper than expected

Fitch affirms India's rating at 'BBB-'; outlook negative due to Covid surge

A resurgence in Covid-19 in the country has increased downside risks to growth

Virus second wave: Goldman Sachs lowers growth forecast, Nifty target

Wall Street brokerage Goldman Sachs has flagged a slew of concerns on the surging COVID-19 caseload that has been hitting new records everyday, coupled with the rising lockdowns

Nomura cuts India's 2021 GDP forecast to 11.5%; sees higher inflation

Nomura GDP forcast: Repricing of emerging market (EM) risk premium, Nomura said, could expose vulnerabilities in Indonesia, India and the Philippines

Chris Wood trims India exposure as Covid cases rise

Earlier in December 2020, he raised exposure to Indian equities twice in this and reiterated his bullish on cyclical sectors as economic indicators showed improvement

Germany to revise downward its 2021 growth forecast due to Covid-19: Report

The government said in April at the height of the pandemic that it expected the economy to rebound with an expansion rate of +5.2% in 2021 following a record plunge of -6.3% this year

Why fiscal rules should be revisited

According to the revised FRBM rules, as amended by the Finance Act, 2018, the central government debt stock should not exceed 40 per cent of GDP by the end of financial year 2024-25

Financial system remains stable despite weakening domestic growth: RBI

However, the perception of risks on various fronts like domestic growth, fiscal, corporate sector and banks' asset quality increased between April and October 2019, it said

Global economy on the mend; growth to pick up in 2020, say analysts

Despite the optimism surrounding the likely pick-up in the global economy, most economists remain cautious on the road ahead for India after the recent GDP print of 4.5 per cent for Q2FY20

Analysts expect FPI selling to reverse; see a market rally on Monday

In a post-market hours press briefing today evening, Finance Minister Nirmala Sitharaman withdrew the enhanced surcharge on long and short-term capital gains

Big relief for market as govt withdraws FPI surcharge: 15 key announcements

Govt to infuse upfront Rs 70,000 crore into public sector banks to enable release of Rs 5 trillion liquidity in the market

My best growth forecast ever

The tax reform of 2017, which took effect in 2018, was viewed prospectively, and now retrospectively, as a contributor to growth