Page 5 - Gdp Forecast

Barclays pegs India's FY22 GDP growth at 7.7% in bear-case scenario

Our pessimistic tail-risk scenario assumes another wave of infections and a two-month period of restrictions that disrupt economic activity, Barclays said

Economy may rebound by Q4 of FY22: Bandhan Bank's Chandra Shekhar Ghosh

Bandhan Bank MD & CEO Chandra Shekhar Ghosh is hopeful that the economy will rebound by the third and fourth quarters of the current fiscal, enabling the lender to meet its targets. He said the bank had exercised caution amid the COVID-19 pandemic and made additional provisioning in the last quarter of 2020-21. "We remain cautiously optimistic for the current fiscal as we have made additional provisioning as safeguard. The second wave of Covid pain is expected to subside in the next two-three months, and this time people are better geared than the first wave that took everyone by surprise. "The worst seems to be over, and the economy will rebound by the time major lending business happens in Q3 and Q4, to meet our targets," Ghosh told PTI. On NPAs, he said the numbers will come down with time as borrowers are aware about missing repayments amid the pandemic scenario. "I recently went to an area where NPAs are high, and people acknowledged Bandhan's role in developmen

Covid-19: Depleting savings, falling incomes leave millions poor in India

Many economists are cutting their forecasts for the current fiscal year as rising unemployment and dwindling savings dim the chances of a double-digit growth

IMF to revisit growth forecast for India due to surge in Covid-19 cases

Covid-19 infections in India have surged past 21 million, with a death toll of 230,168, health ministry data showed

Covid impact: S&P slashes India's GDP growth forecast to 9.8% for FY22

S&P Global Ratings on Wednesday slashed India's GDP growth forecast for the current financial year to 9.8 per cent saying the second COVID wave may derail the budding recovery in the economy and credit conditions. The US-based rating agency in March had a 11 per cent GDP growth forecast for India for the April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus. S&P, which currently has a 'BBB-' rating on India with a stable outlook, said the depth of the Indian economy's deceleration will determine the hit on its sovereign credit profile. The Indian government's fiscal position is already stretched. The general government deficit was about 14 per cent of GDP in fiscal 2021, with net debt stock of just over 90 per cent of GDP. "India's second wave has prompted us to reconsider our forecast of 11 per cent GDP growth this fiscal year. The timing of the peak in cases, and subsequent rate of decline, drive our considerations," said S&P Global ...

Second Covid-19 wave heightens downside risks to India's GDP, says S&P

The country is already facing a permanent loss of output versus its pre-pandemic path, suggesting a long-term production deficit equivalent to about 10% of GDP

IHS Markit sees India's FY22 GDP growth at 9.6% amid rising Covid cases

Those at Nomura, too, expect the pain in the economy to grow given the recent measures to curb the pandemic. However, they believe that the overall impact will be muted and be for the short-term

Ind Ra revises down India's fiscal 2022 GDP growth forecast to 10.1%

The earlier projection was 10.4 per cent

Economic cost of mobility curbs, lockdowns at Rs 1.5 trillion: SBI report

SBI has also lowered the gross domestic product (GDP) estimates for fiscal 2021-22 (FY22)

S&P forecasts 11% growth for India this fiscal, flags impact of lockdowns

S&P Global Ratings on Thursday said the Indian economy is projected to grow at 11 per cent in the current fiscal, but flagged the "substantial" impact of broader lockdowns on the economy. In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy. New infections have spiked in recent weeks and the country is in the middle of a second pandemic wave. "Our forecast growth of 11 per cent for India in 2021 is followed by a 6.1 per cent-6.4 per cent forecast increase for the next couple of years... Some targeted lockdowns have already been implemented and more will likely be needed. The impact of broader lockdowns on the economy could be substantial, depending on their length and scope," it said. S&P, which currently has a 'BBB-' rating on India with a stable outlook, has forecast an 11 per cent growth in the Indian GDP for the fiscal beginning April 1 on account of a fast economic reopening and fiscal stimulus. As ..

Care Ratings revises India's GDP growth forecast to 10.2% for FY22

Economic activities are getting affected across the country due to curbs imposed by states

Market impact of positives from the MPC meet may be seen with a lag

Overall RBI monetary policy was on expected lines and the policy statement highlighted its commitment to do whatever it takes to ensure financial stability

MPC to maintain accommodative stance at least in the next two reviews

The disconcertingly sharp new wave of Covid-19 cases has reignited uncertainty regarding the economic outlook in the immediate term

Consumer sentiment in India's recovery

Growth that bounced back from -23.9 per cent in the first quarter to -7.5 per cent now seems poised to return to the positive zone in the third quarter

RBI monetary policy: Govt told to cut fuel taxes to ease inflation concerns

GDP projection revised upwards, but lower than Eco Survey's

Covid slump may cause 7.7% GDP contraction in FY21: First Advance Estimate

The government's First Advance Estimate suggests the worst performance ever for the Indian economy in the wake of the slowdown caused by the coronavirus pandemic

35% of CMOs are hopeful of V-shaped industrial recovery: Report

More than one-third of chief marketing officers (CMOs) are hopeful of V-shaped recovery of their industries, the report said

Indian economy recovering fast, growth to turn positive in Q3: RBI article

Growth will enter positive zone in the third quarter of the current financial year, said an article on the 'state of economy' in the RBI Bulletin

Ind-Ra revises FY21 GDP contraction to 7.8% on easing pandemic headwinds

Ind-Ra now expects third quarter to see contraction at 0.8 per cent and fourth quarter to print in 0.3 per cent growth

Icra narrows its GDP decline forecast for FY21 to 7.8% from 11% earlier

Agency had forecast a small contraction of one per cent during Q3