Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago
However, the wide range of forecasts in the latest poll - from a contraction of 4.7% to a 2.6% expansion - underscores the uncertainty.
The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday
India is set to clear 45 investment proposals from China as border tensions ease; HSBC ups India's FY22 GDP forecast to 11.2%
The GDP numbers for the third quarter are expected to be released next week.
India's GDP is set to revert to the growth territory in the October-December 2020 period compared to the year-ago period, the ratings agency said
Imports also grow for second month, signifying domestic demand recovery
Economic activity is on the 'verge of normality' after getting severely hit by Covid-19, a Japanese brokerage said
The Centre's move in 2019 to cut base corporate tax from 30 per cent to 22 per cent, too, will lead to an improvement in the profit-to-GDP ratio
This is on account of various reforms undertaken by the government in the last ten months, PHDCCI said on Saturday
The YoY recovery in FY22 will be V-shaped, but the size of GDP will barely surpass the level attained in FY20
Business Standard brings you top news of the evening
Agency says loosening of fiscal policy to support economic recovery will lead to a rise in public debt, adding that debt-to-GDP trajectory is core to its sovereign rating assessment
Revenue of Centre and states is just 19 per cent of GDP, according to the International Monetary Fund.
We have taken up some big-bang disinvestments, particularly Air India and LIC on priority, said Bajaj
The focus has been on smoothening the GST structure and removing anomalies, as well as closing loopholes to curb fraudulent practices
The Budget aims to boost demand and supply through increased spending in sectors such as health, education, infrastructure and power
The apex bank would still like to drain out some liquidity while managing yields through OMO or operation twist, to fend off inflation, especially when rate hikes seem distant
The government shows its intent to continue with reforms
There are several welcome standalone reforms but these do not add up to a coherent strategy to achieve a $5 trillion economy