Page 5 - Indian Economic Growth

Crisil cuts FY22 growth projection to 9.5% on hit to pvt consumption

The economy had contracted by 7.3 per cent in FY21.

Growth it shall be: RBI's future stance for the economy very clear now

Monetary policy committee's decisions show there is slim chance of repo rate being increased in near future

Investment activity hits historic low in FY21 amid Covid-19 pandemic

This is because of the lockdown in Q1; sharp pick-up in Q4 may not sustain, say experts

Covid second wave triggers raft of growth forecast revisions: RBI report

RBI said Covid-19 pandemic has triggered revision of growth projections for the current financial year with consensus gravitating towards its earlier forecast of 10.5 per cent

UN expects India's GDP to grow 7.5% in 2021, outlook fragile due to Covid

The United Nations has raised India's growth forecast to 7.5 per cent for calendar year 2021, but said the country's outlook for the year remains highly fragile

Covid 2nd wave severity will determine pace of growth: FT's Radhakrishnan

Faster-than-expected recovery in the US economy and the resultant tapering of stimulus by the US Federal Reserve could potentially affect risk sentiment and impact flows to emerging markets like India

Manic Monday! Here's what led to a stock market crash today

Barring shares of Dr Reddy's Labs, all constituents of the 30-pack index traded in the red

Supporting growth paramount for RBI now: Governor Shaktikanta Das

Stating that "growth is of paramount importance now", the Reserve Bank Governor Das said it will do whatever it takes to sustain the fledgling recovery

Chris Wood trims India exposure as Covid cases rise

Earlier in December 2020, he raised exposure to Indian equities twice in this and reiterated his bullish on cyclical sectors as economic indicators showed improvement

India's 2021 economic output likely to remain below 2019 level: UN report

India is estimated to record an economic growth of 7 per cent in 2021-22

We got India as part of fragile 5, now among fastest-growing economies: FM

FM targeted the UPA over management of the economy during its rule and said NDA government had inherited India as part of "fragile five" and it has since become one of the fastest-growing economies

Precocious growth in India's skill-intensive sectors worrying: Paul Krugman

Krugman said skill intensive industries generate a lot of GDP and exports but they do not generate a lot of jobs

India's recession exit gains momentum on services, manufacturing

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

India's $500 billion Budget to spur growth leaves little for the poor

The budget -- among India's most highly anticipated and closely watched events -- didn't have major proposals to address the job losses, hunger, and rising pressures on the farming and rural sectors

India GDP recovering better than expected; to contract 7.4% in FY21: SBI

The report also says that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms

Economy improving, growth to turn positive in Q3, Q4 of FY21: Ashima Goyal

India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said

India's Diwali period sale up over 10% in 2020, says top retail trade body

India's top retail trade body said that sales during the country's Diwali festive period rose by more than 10% year-on-year, indicating "good business prospects" for small businesses

Jewellers bet on 'Dhanteras'; expect to clock 70% of last year's business

Jewellers are betting on recovery and are optimistic that a rebound in the economy and pent up demand will help boost sales during 'Dhanteras' and industry is likely to do 70% of last year's business

Credit growth will move to normal level in next financial year: SBI Chief

The economy is expected to be on normal course in early next financial year, says Dinesh Khara

India's October unemployment rate climbs up to 6.98%, CMIE data shows

India's unemployment rate in October rose to 6.98% from 6.67% in September, according to data released by the Centre for Monitoring Indian Economy