Page 12 - India Gdp

2020-21 darkest year in four decades: Chidambaram on economy, growth

Manufacturing PMI drops to 50.8 in May from 55.5 the previous month

The seasonally adjusted Purchasing Managers' Index (PMI) for manufacturing stood at 50.8 in May, down from 55.5 in April

Bangladesh rises to be South Asia's standout star as India, Pak fall behind

Bangladesh's growth rests on three pillars: exports, social progress and fiscal prudence

Top headlines: India FY21 GDP hits 4-decade low; core sector output rises

Business Standard brings you the top news of the day

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

India's GDP grows 1.6% in fourth quarter, contracts 7.3% in FY21

This is the first full-year contraction in the Indian economy in the last four decades since 1979-80, when GDP had shrunk by 5.2 per cent

GDP growth number: A pleasant surprise, but will it help in FY22?

With the second wave leading to a close down of services, in particular, progress will remain retarded

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 cuts India's FY22 GDP estimate to 9.2% on second wave impact

A British brokerage on Tuesday cut India's FY22 GDP growth estimate by a sharp 0.80 per cent to 9.2 per cent, saying the economic impact of the second wave of infections has been deeper than expected

India remains greatest rising power despite Covid-19 tragedy: Report

India remains the "greatest rising power" on the planet and has a number of fundamental strengths that will make it one of the "most powerful" countries in the world, according to report

Will the deadlier second wave prompt Modi govt to go for another stimulus?

A recent study found that the poorest of workers earned Rs 15,000 less on average last year. This time, state lockdowns may dent their incomes again

India must start its road to economic recovery with aggressive spending

Well-executed policy measures will help meet the challenge of the coronavirus pandemic.

Top headlines: India's FY22 GDP forecast cut; Covid cases dip in 18 states

Business Standard brings you stories that made the headlines on Tuesday

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

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 ...

India's GDP to grow at 11% this fiscal, economic recovery at risk: ADB

The Indian economy is projected to grow at 11 per cent in the current financial year amid the "strong" vaccine drive, said ADB on Wednesday

Economic cost of mobility curbs, lockdowns at Rs 1.5 trillion: SBI report

SBI has also lowered the gross domestic product (GDP) estimates for fiscal 2021-22 (FY22)

Economy better placed to meet second Covid wave with vaccination drive: CEA

Subramanian said a key factor during pandemic is the role of e-commerce and digitisation that India embraced

A month-long national coronavirus lockdown can dent GDP by 2%: Report

India's economic recovery is still "shallow" and a month's national lockdown to curb the rising pace of Covid-19 infections can dent the GDP by up to 2%, an American brokerage warned on Tuesday

Gig economy can support 90 million jobs in India, add 1.25% to GDP: Report

The gig economy can serve up to 90 million jobs in the non-farm sectors in India with a potential to add 1.25 per cent to the GDP over the "long term", a report said on Tuesday