Page 12 - India Gdp Growth

Centre's indirect tax share in GDP rises in FY21 after four years

Share of corporation tax collections in gross tax revenue falls to 10-year low

2nd Covid wave increased financial risks to households, small biz: Moody's

India's financial sector, the rating agency said, is the main driver of potential event risk to the sovereign

Covid impact: India's economy unlikely to see double-digit growth in FY22

Barclays has pegged growth at 7.7 per cent in a bear-case scenario, if the country is hit by a third wave of the pandemic.

Recovery gains strength: GDP grows 1.6% in Q4, shrinks 7.3% in FY21

The recovery in Q4 was nevertheless impressive in the sense that nominal GDP grew at 8.7 per cent

Second wave of Covid-19 pandemic pushed GDP into deepest contraction

The situation changed over the second half as gradual unlocking, easier fin­ancial conditions and higher household financial savings, helped stoke pent-up demand

Can the rich help?

The recovery cannot be investments-led because most enterprises are nursing excess capacities

GDP growth springs a positive surprise: Four implications for FY22

The positives apart, it is clear consumption can't rebound meaningfully without large-scale vaccination; the good news is the rate is likely to improve steadily in the coming months

Q4 GDP numbers: Carving FY22 recovery amidst Covid setbacks

Indeed, while FY21 GDP reinforces the sharp slowdown in growth in a pandemic year, it also offers a low base for a mechanical bounce in FY22 recovery

India's fiscal deficit at 9.3% of GDP in 2020-21: Govt data

Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) on Monday said that the revenue deficit at the end of the fiscal was 7.42 per cent

India's Q4 GDP data likely to be better than estimates, say experts

However, for the full fiscal year, they see economy contracting 7-8%

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

UN expects India's GDP to grow 7.5% in 2021, outlook fragile due to Covid

The United Nations has raised India's growth forecast to 7.5 per cent for calendar year 2021, but said the country's outlook for the year remains highly fragile

Nomura cuts FY22 GDP growth estimate to 10.8% due to Covid lockdowns

Japanese brokerage Nomura cut its GDP growth estimate for the current 2021-22 fiscal to 10.8 per cent from the earlier 12.6 per cent, blaming the impact of the second wave-induced lockdowns

FY22 growth may slip to 8.2% if second wave peak comes in end-June: Crisil

India's economic growth may slip to 8.2% if the second wave peaks at end of June, domestic rating agency Crisil warned on Monday, maintaining its baseline estimate of an 11% uptick in activity

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

Second Covid-19 wave may derail India's strong economic recovery: S&P

Lockdowns could thwart robust rebound

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

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

The earlier projection was 10.4 per cent

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 ..