Page 16 - Gdp Growth

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.

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.

Financing revival through household gold

The expansion of base money through household gold will have a negative wealth effect on households, besides attracting a hidden tax or seigniorage

India retains position of 3rd-largest economy on PPP basis for 2017

PPP of the rupee per dollar at GDP level rose to 20.65 in 2017 from 15.55 in 2011, while the exchange rate of a dollar to a rupee rose to 65.12 from 46.67 during the period

India's medium term fiscal outlook key for rating action: Thomas Rookmaaker

Fitch Ratings expect India's economic activity to contract by 5% in FY21 due to the strict lockdown measures imposed, before rebounding by 9.5% in FY22

Economy is picking up, says FinMin as it gives out select indicators

This comes even as the April-June quarter, and the 2020-21 fiscal year are headed for a contraction, with some estimates pegging GDP contraction for the year to be as high as 6%

The question of structural growth

As global investors rethink their India exposure, they should focus on the economy's long-term direction

Morgan Stanley economists double down on V-shape global recovery

The economists said they expect global GDP growth will trough at -8.6 per cent year on year in the second quarter

GDP contraction poses threat to MSMEs, govt support of little help: Report

The contraction may also lead to a 15% fall in corporate India's revenues

Beyond alliteration: The PM's knack for wordplay, and economic realities

Anyone can string together alliterative words, but are they a substitute for serious thought and coherent action? Real economics involves choices, or every day would be Christmas, writes T N Ninan

India's growth potential at 6.5-7% but reforms critical for recovery: S&P

The rating agency has forecast a 5% contraction in the fiscal year starting April, and the growth to recover to 8.5% next fiscal

Getting the growth back?

It would be a major miracle if the economy does not contract this year

Monetising fiscal deficit via secondary OMOs right way: Uday Kotak

If we keep subsidising or protecting businesses that are not able to compete, we have an issue. I would expect the market to be able to sort things out, says Uday Kotak

'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian

Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon

Modi, Williamson and Alesina

Williamson and Alesina were both economists who offered insights that India must follow over the next two decades. If it doesn't, it can resign itself to its current low-grade economic status.

Covid-19 pandemic eats into consumer confidence, shows RBI survey

Consumers reported sharp cuts in discretionary spending and also do not expect much improvement in the coming year, the RBI survey said

Intuition, not prediction

The Covid crisis makes "data driven" projections inaccurate, as the past provides zero guidance for the future.

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

India must shed its protectionist attitude: Ex-CEA Arvind Subramanian

If we turn protectionist, I don't know how can we be an exporting power. Self-sufficient exporting powerhouse is an oxymoron," he said.

Covid-19 could see the govt missing the $5-trillion economy deadline

The target could get pushed forward by at least two years even if the economy were to grow by an optimistic 7.5% a year after FY21