Page 22 - India Gdp Growth
Top headlines: States on GST compensation, Emami questions HUL & more
From states divided on alternative GST compensation, Emami questioning changing of 'Fair and Handsome' name to startups helping tenant amid Covid-19, here are the top headlines of the day
 "Top headlines: States on GST compensation, Emami questions HUL & more")
India's GDP likely to contract by 6.4% in FY21, says Care Ratings
The rating agency, in May, had projected a decline in GDP growth of 1.5-1.6 per cent in FY21.
 "India's GDP likely to contract by 6.4% in FY21, says Care Ratings")
Safe bet: Five reasons that will lead gold to all-time high price
Indian households supposedly hold 25,000 tonnes of gold valued at Rs.121.5 trillion, or almost 60 per cent of India's GDP.
 "Safe bet: Five reasons that will lead gold to all-time high price")
Govt, RBI measures have slowed down contraction in economy: NCAER
NCAER expects the economy to grow by 1.3 per cent in FY21 in case there are no supply side disruptions.
 "Govt, RBI measures have slowed down contraction in economy: NCAER")
What pulled down India's GDP growth in Q4? Most indicators contracted
Barring coal production, and to an extent cargo handled at sea ports, most of the main indicators that went into calculation of GDP growth contracted in the fourth quarter
Covid-19 to dent India's FY21 per capita income by 5.4%: SBI report
Among states, Delhi, Chandigarh, and Gujarat will be the worst hit with PCI falling 15.4 per cent, 13.9 per cent and 11.6 per cent, respectively in FY21
 "Covid-19 to dent India's FY21 per capita income by 5.4%: SBI report")
Top headlines: Trump blocks H-1B visa; India may cap China FPI investments
From Donald Trump blocking H-1B visa for certain foreign workers, Moody's lowering India GDP forecast to Maruti launching new BS-VI S-Presso, here are top news of the day
 "Top headlines: Trump blocks H-1B visa; India may cap China FPI investments")
Unlock 1.0: Essential shopping rebounds fastest to pre-lockdown levels
The latest weekly figures show power generation is close to 2019 levels as industries gradually reopen.
 "Unlock 1.0: Essential shopping rebounds fastest to pre-lockdown levels")
Labour laws are not the reason hindering India's rapid industrialisation
Even in India, labour problem is low down on an entrepreneur's wish list. Corruption of labour inspector is quoted as a reason.
 "Labour laws are not the reason hindering India's rapid industrialisation")
India's Covid-19 pandemic fiscal cost lowest among major nations: Report
Business Standard's own calculations suggest that the Centre's fiscal impact amounts to around Rs 2.28 trillion, or around 1.2 per cent of GDP.
 "India's Covid-19 pandemic fiscal cost lowest among major nations: Report")
Indian economy to bounce back with growth of 9.5% in next fiscal: Fitch
Listing positives for India, Fitch Ratings said there was greater confidence in a sustained reduction in general government debt over the medium term to a level closer to the 'BBB' peer median
 "Indian economy to bounce back with growth of 9.5% in next fiscal: Fitch")
GDP: The devil is in the revisions
Six iterations of annual data over a three-year period raise serious questions about the reliability of national income data as a basis for sound policymaking
Indian economy to contract by 3.2% this fiscal due to Covid-19: World Bank
In its latest edition of the Global Economic Prospect, the World Bank downgraded its projection of India by a massive negative nine per cent
CEA Krishnamurthy Subramanian sees FY21 fiscal deficit at over 5%
No doubt that economy will contract in Q1, Krishnamurthy Subramanian says
 "CEA Krishnamurthy Subramanian sees FY21 fiscal deficit at over 5%")
Covid-19 and the job crunch
Having realised that there is really no contradiction between "jaan" and "jahaan", states are gradually reopening their economies. But they are locking the stable doors after the horses have bolted
 "Covid-19 and the job crunch")
Dismantling of labour laws will take away workers' protection, says Ex-CEA
India's January-March GDP growth sank to 3.1 per cent, a low not seen in at least 17 years
 "Dismantling of labour laws will take away workers' protection, says Ex-CEA")
Cong releases teaser of Rahul's discussion with industrialist Rajiv Bajaj
The first such dialogue was held on April 30 when Gandhi discussed the coronavirus pandemic and its economic implications with former Reserve Bank of India governor Raghuram Rajan.
 "Cong releases teaser of Rahul's discussion with industrialist Rajiv Bajaj")
Moody's downgrade: Expect bouts of correction; sell-off in markets unlikely
Stock markets generally discount an outcome a few months in advance. They might have seen the bottom in March, unless a more ferocious second wave results in a fresh lockdown, writes Ambareesh Baliga
 "Moody's downgrade: Expect bouts of correction; sell-off in markets unlikely")
Nifty zooms 1,000 points in just 9 trading sessions; HDFC Bank shines
Interestingly, all the 50 Nifty components have delivered positive gains during this period.
 "Nifty zooms 1,000 points in just 9 trading sessions; HDFC Bank shines")
Moody's cuts India's rating to 'Baa3', maintains negative outlook
The change brings Moody's rating into line with Fitch and Standard and Poor's, both of which rate India BBB-, although they assign stable rather than negative outlooks
 "Moody's cuts India's rating to 'Baa3', maintains negative outlook")
