Page 13 - Gross Domestic Product

Q1 GDP data released today: Key things to note

This is the first instance of an economic contraction for the country in at least four decades, and also the first GDP decline since India began publishing quarterly numbers in 1996

MoSPI data may rely on proxies, understate GDP shrinkage in Q1: Experts

Experts peg the GDP fall at up to 35%, but statistics office may calculate it at 15-16% due to unavailability of data for informal sector

'Wounds in the loan-book are deep'

Indian economy is facing an unprecedented contraction in India's GDP in FY21, described as the "worst health and economic crisis in [the] last 100 years," by the RBI Governor

S Korea central bank holds rates, but cuts GDP forecast on Covid concerns

The Bank of Korea kept the seven-day repurchase rate at a record low 0.50%

Growth risks

India needs reforms to enhance productivity

Education for the future

India needs to liberate education from political control and give institutions the autonomy needed to innovate

Covid-19 impact: GDP to contract 16.5% in first quarter, says SBI report

It attributed the revision mainly to smaller gross value added (GVA) degrowth by listed companies for the quarter

Banks in India: Too few to fail

Forget the health of the banks, what should be worrying the regulators is just the number of banks through which such financial intermediation can take place

'Mortgage-GDP ratio, at less than 10%, is poor'

Another mechanism to promote low-ticket housing is through a safeguard quite like the credit guarantee scheme for micro, small and medium enterprises, which has seen a decent offtake

IIP contraction slows to 16.6% in June amid industrial activity relaxation

Seasonally adjusted, industrial production grows nearly 24% month-on-month

MSMEs will take 7-8 months to recover from Covid-19 impact: D&B economist

Traditional sectors like food, drugs, pharmaceutical, ITes (IT-enabled services), banking, retail, automotive, real estate and jewellery are witnessing moderate to high to severe impact

It is not too late, but it soon will be

The fragility of central government finances is partly legacy, part refusal to acknowledge and address the problem due to the lack of strategic vision and poor institutional capability

Beyond Ayodhya

BJP must now move on and build an inclusive India

Handling the dollar deluge

Diverging fiscal responses to the crisis can create serious macroeconomic challenges for countries globally

The joker in the pack

Government's fiscal headroom is crucially linked to a realistic assessment of its net revenue collection

The not so green shoots of rural revival

Rural rebound and its role in reviving the economy are overstated

As Covid-19 reaches hinterland, is India's rural growth story getting over?

A recent report by Credit Suisse cautions that the spread of Covid-19 infections to Tier-III and -IV cities could stall the growth momentum

Worrying signals from the markets

Investors are getting increasingly concerned about the extent of capital issuance in the financial sector

MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker

Long constrained for liquidity, MSMEs now also have to cope with loss of demand, labour shortage, and heightened risk aversion in the financial system due to the Covid-19 pandemic.

Mr Modi's last chance to jump start the economy

Economic historians will judge him by this, just as they judge P Chidambaram by his bold cuts in income tax rates in 1997 and Manmohan Singh by his 1991 reforms