The divergence in real GDP growth and employment growth may continue into 2022-23, although it could be much smaller
While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022
"We had lost two years of growth" because of the pandemic, Choueiri said in a separate interview Friday with Bloomberg Television's Kathleen Hays. "There is still catch up growth happening in India."
A high growth rate for India is positive news for the world, IMF MD Kristalina Georgieva has said.
Sluggish recovery in consumption demand, uncertainties of Ukrainian war cited
He said that even the fact that India is able to buy some cheap oil from Russia at the moment, the big picture is still that they are being hurt by the high commodity prices in the market
Notwithstanding economic uncertainties triggered by the Russia-Ukraine war that is also impacting the global supply chain, Jalan said it is not going to affect India's economic performance
Most respondents see status quo on repo, reverse repo and stance
States should not go back on pensions
Key flank of India's growth gambit runs into the knock-on effects of the Russia-Ukraine war
He urged Finance Minister Nirmala Sitharaman that she must reassess these growth projections and tell the House about the more realistic nominal and real GDP growth numbers
The report noted that a number of developing country central banks also engaged in quantitative easing: active purchasing of bonds in the open market
Last month, the agency revised India's economic growth estimates in CY2022 upwards to 9.5 per cent from 7 per cent on stronger than expected recovery.
As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India's GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent
India's gross domestic product (GDP) growth is expected to come in at 7.8 per cent in fiscal 2023, said ratings agency Crisil.
Asia's third-largest economy is projected to grow 8.9 per cent in the fiscal year ending March 31, slower than previously anticipated 9.2 per cent, according to the recent government data.
Former RBI governor C Rangarajan believes it would be 13 per cent, though his projection came before the war
India will see lower than previously forecast economic growth because of disruptions from the latest wave of coronavirus cases
India Ratings said that according to the revised estimates, the GDP growth in FY20 now stands at 3.7 per cent compared to 4 per cent earlier.
India Ratings has revised downwards its GDP growth forecast for 2021-22 to 8.6 per cent from the consensus 9.2 per cent projected earlier. The National Statistical Organisation (NSO), which has forecast 9.2 per cent real GDP growth for the year, will release the second advance estimate of national income on Monday. According to an India Ratings analysis, NSO is likely to peg the FY22 real gross domestic product growth at Rs 147.2 lakh crore. This translates into a GDP growth rate of 8.6 per cent, down from 9.2 per cent forecast in the first advance estimate released on January 7, 2022. The major reason for the likely downward revision is the upward revision of FY21 GDP to Rs 135.6 lakh crore in the first revised estimate of national income for FY21, which was released on January 31, 2022, the agency said. As a result, GDP for FY21 is improved to (-) 6.6 per cent from the provisional estimate of (-)7.3 per cent released on May 31, 2021. Besides this, the second revised estimate of