Page 6 - Indian Economic Growth

FM says hasn't closed option of one more stimulus to perk up demand

RIL chairman Ambani says manufacturing has to be rethought and reinvented

Covid-19 impact: India's GDP may contract 10.3% in FY21, says IMF

IMF now expected the world economy to fall less severely by 4.4 per cent than 5.2 per cent it projected earlier for 2020

Small fiscal stimulus in the second package amid festival seasons

Adds little to earlier Rs 20 trillion package, fiscal cost is modest against Rs two trillion in earlier one; PSE policy announced earlier yet to be detailed, farm bills enacted

Expecting FY21 GDP contraction to be less than 9.5%: PNB MD & CEO

Says the country is seeing rural economy coming back, is confident urban and metro economy will also grow

Moody's forecasts 11.5% contraction in India's economic growth in FY21

The downward revision in India's forecast for FY21 comes on the heels of a sharp contraction in Indian economy in the April-June 2020 period

Market seems to be ignoring a possible recession in FY21: Sampath Reddy

If the economic recovery continues to gather momentum and does better than expected, then stocks of capital goods companies may outperform.

Icra sharply revises forecast, expects economy to shrink by 9.5% in FY21

It has earlier estimated a 5% contraction; Q1 may have seen 25% fall

India's FY21 GDP growth to be in negative territory at -4.5%: Ficci survey

The Covid-19 pandemic outbreak has severely impacted the economic activities

ADB sees Indian economy shrinking 4% in FY21 after growth call earlier

IMF remains only major outlier predicting growth for the economy, is likely to be on same page with others next week

At 4.6% of GDP, last year's fiscal deficit breached FRBM Act escape clause

The total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of revised estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year.

Indian economy on course for full-year contraction: DBS Bank economist

The government on Saturday said a phased exit would begin on June 1 from the over-two-months-long nationwide lockdown

India's economic recovery likely to be 'U' shaped and not 'V': Analysts

The world over various countries are in different stages of opening up after going through a complete lockdown for 60-90 days.

Economists raise doubts over timing of economic revival after Covid-19

State Bank of India's chief economic advisor Soumya Kanti Ghosh said GDP for one quarter had been lost, amounting to Rs 40-50 trillion, due to the coronavirus crisis

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

Markets retesting March 2020 low is within the realms of possibility

As markets realise that it will take a long time for the economy to revive and things coming back to normal, they will drift lower.

Economy in safe hands; worry not, Mr Guha, says Nirmala Sitharaman

Gujarat Chief Minister Vijay Rupani also responded to Guha's tweet saying that Indians would not fall for "tricks" of dividing them

S&P doesn't do a Moody's: Retains India's sovereign rating and outlook

Now all three rating agencies, Moody's, Fitch and S&P have the lowest investment grade rating for India

'Treat citizens' wealth as national resource': Economists for tough steps in Covid-19 fight

Yogendra Yadav later clarified that the suggestion to treat all private assets as national resources had been wrongly interpreted as nationalisation of private property

Exports fall at fastest pace in 25 yrs in April due to coronavirus lockdown

Exports shrank by 60% in April as the monthwide lockdown restricted outflow of goods

Covid-19 to have deflationary impact due to demand evaporation: CEA

Last week, the government raised its market borrowing programme by a whopping 54 per cent of the Budget estimate to Rs 12 trillion for the current fiscal to fund a comprehensive stimulus package