Page 18 - India Gdp

Economists agree on massive GDP contraction, differ widely on the extent

At the lower end of the estimate band is India Ratings' 13.6% and at the upper, Pronab Sen predicts a maximum shrink of 35%

RBI's payout unlikely to plug the huge govt revenue hole created by Covid

Last year the RBI's board approved a record payment of Rs 1.76 trillion ($23.5 billion) to the government, which included Rs 1.23 trillion as dividend and Rs 526.4 billion from its surplus capital

Lockdowns hamper recovery in major world economies despite easing of curbs

An analysis of seven major economies, including India seems to suggest that all, save China, are struggling to turn around

India must look beyond what rating agencies think, says Raghuram Rajan

RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones, he says

'Atmanirbhar' not inward looking, to make India a supply chain hub: MEA

Chhabra said India has proved that it is the pharmacy of the world as drugs were supplied to 125 countries for battling the Covid-19 crisis

Economic recovery in India hinges on moratorium duration: Chris Wood

Wood suggests that moratorium could trigger a consumer lending non-performing loans (NPL) cycle

Govt to soon come out with a list of strategic sectors: DEA Secretary

Finance Minister Nirmala Sitharaman had in May announced that there will be a maximum of four public sector companies in strategic sectors

Covid-19 impact: India's GDP to contract 6.1% in FY21, says Nomura

Nomura said the June quarter will be the 'nadir' from a growth perspective and the economy will contract by 15.2 per cent

Fiscal deficit to shoot up to 7.6% in FY21; twice budget estimate: Ind-Ra

Ind-Ra said India's gross domestic product (GDP) will contract by 5.3 per cent, while states like Assam, Goa, Gujarat and Sikkim are expected to witness a double-digit contraction

Coronavirus-hit Indian economy to contract by 4% in FY21: ADB forecast

For the countries in developing Asia, ADB forecasts growth of 0.1 per cent for the region in 2020

Path to world-beating growth is tough as India becomes virus hotspot

The blow from a virtual shutdown of a nation of 1.3 billion people has been so severe that economists are struggling to forecast how long it will take to recover

Covid-19 could see the govt missing the $5-trillion economy deadline

The target could get pushed forward by at least two years even if the economy were to grow by an optimistic 7.5% a year after FY21

Q4 GDP data released today: Key things to note

India's gross domestic product for the fourth quarter of the financial year 2020 grew at 3.1 per cent, its slowest pace in at least two years

All options open to govt to monetise deficit under RBI guidance: N K Singh

He said all options should be open to the sovereign in consultation with the Reserve Bank of India (RBI)

Tourism, restaurant sectors unhappy with no provisions in stimulus package

Online ordering of food has taken a hit as most restaurants and hotels continue to remain closed due to lack of labour or the increased risk to the staff due to the coronavirus

Nifty FY22 EPS set to surge between 10% and 30% despite economic shock

The brokerage highlights how the share of Nifty companies' profit in GDP and GVA (gross added value) has been meagre and falling. From a share of 2.8 per cent of GDP, it is now at 2 per cent

Great social divide: A new normal post Covid-19

Economic and social activities will come out from slumber in the coming weeks

Deep Dive with AKB: Govt's Rs 20-trn package to fight Covid-19 slump

Additional borrowing to widen fiscal deficit, but help govt perk up economy

He did not think that the move will crowd out borrowings of the private sector, saying demand of the government and the private sector are not contradictory in these circumstances

Don't eulogise GST for what it isn't

Regarding revenue realisation, there was a huge expectation that GST would lead to checking of leakage of revenue