Government data on power, freight emerge as silver linings
Facing reversals on every front, anger against the govt, especially amongst the youth seems to be growing and this can create problems for the PM and BJP
In India, where lockdowns have stalled private spending, GDP will shrink by 9% this year, sharply down from June's forecast of -4%
BENGALURU (Reuters) - S&P Global Ratings said on Monday that it was expecting India's economy to shrink by 9% in the fiscal year ending March 31, 2021, larger than its previous estimate of a 5% contraction, as the country reels under the impact of the COVID-19 pandemic.
The downward revision in India's forecast for FY21 comes on the heels of a sharp contraction in Indian economy in the April-June 2020 period
Real GDP in 2021-22 will be lower than in 2019-20
Till August 2020, India has spent 1.2% of its gross domestic product directly from budgetary resources
Attributes it to Covid-19 cases and lack of stimulus from govt
Real GDP in 2021-22 will be lower than in 2019-20 and the economic, social and strategic consequences will be profoundly negative
Centre's proposals on settling states' demand for GST compensation can throw up new challenges
Jobs and GDP, by contrast, sort of are the economy. But they aren't the economy's point
Delhi Deputy Chief Minister Manish Sisodia on Monday said a law should be made for spending six per cent of GDP to education
Gains seen compared to the previous week, besides improvement relative to 2019
A week after India reported a significant contraction in its GDP during the April-June quarter of 2020-21 fiscal, Raghuram Rajan has said that the negative GDP growth numbers should alarm everyone
Say Centre, RBI should ensure their policies don't stoke inflation
Dhiraj Relli, MD and CEO of HDFC Securities says that a weak dollar could help improve India's trade and current account situation and FPI flows
The pandemic, much less fatal than earlier feared, is now beyond control, but the economy can still be helped
The country reported Monday its worst slump since quarterly numbers began publication in 1996: Gross domestic product shrank 23.9% in April to June
Here are the top business headlines on Tuesday
GDP shrinkage is the cost of continued virus spread