Thursday, 27 January, 2022
TopicGDP data

Topic: GDP data

Services, manufacturing & exports keep India on course to post world’s fastest growth

Demand during the festive season has helped keep momentum rolling. Data due 30 November will probably show July-September GDP grew 8.2% from a year ago.

About 63 per cent of Asia Pacific’s GDP is at risk from nature loss. Here’s how to fix it

The food, land and ocean use system contributes 40 per cent to regional GDP and 60 per cent to employment, significantly more than the global average.

What if Indian states were countries

If we compare Indian states to India’s neighbourhood, we find that only Goa, Sikkim, and NCT of Delhi have a GDP per capita higher than China’s GDP per capita of $16,772.

India’s 0.4% GDP growth good news, but January-March quarter likely to see contraction

India's economy could contract by around 1% in the Q4 if one takes into account the revised full year GDP numbers for the current fiscal. For the full year, NSO forecasts steeper contraction of 8%.

Indian economy to contract by 7.7% in 2020-21, its worst ever decline, NSO estimates

Construction, manufacturing, mining & services industry like hotels and transportation are to be the worst hit, says first advance GDP estimate released by the National Statistical Office.

Economic indicators much more encouraging now, farmers interests remain a priority, says Modi

In his first comments on the ongoing protests, PM Modi says his govt is committed to protecting farmers and assures them the new reforms will open access to markets and technology.

Indians saved more in Q1, preferred to invest in mutual funds and hold cash, RBI says

RBI says increased flows to mutual funds was driven by low fixed deposit rates in banks while pandemic hastened need for people to buy life insurance policies.

Govt needs to be scared out of complacency & Q1 contraction could do that, Raghuram Rajan says

Former RBI governor Raghuram Rajan says saving resources now for future use is self-defeating, ‘patient needs relief when sick, not after atrophy’.

SBI report says rural economy is losing steam, flags rising unemployment and fall in wages

For 12 Indian states, the loss in state GDP in the current fiscal is mainly due to the rural areas, says the research report by State Bank of India.

Indian economy seen shrinking 15-25% in April-June, but worst could be over

Manufacturing and services are expected to be worst-hit sectors in the first quarter. The economy is expected to shrink by at least 10% in the full year.

On Camera

YourTurn

TV news is busy finding Pakistan and Muslim angle everywhere in polls

Akhilesh Yadav and Amarinder Singh gave Indian news channels the opportunity to feature ‘Pakistan’ in their headlines and debates. But not after a Top Gun moment.

Fed’s hawkish pivot sends sovereign yields soaring to highs across Asia, Australia, NZ

With growing expectations that the Fed stance will spur rapid tightening from central banks all over, yields rose across regions including in Asia.

Defence

The photo of former PM Indira Gandhi with the three former service chiefs | Photo: Wikimedia Commons

‘Mystery’ brochure on 1971 War crops Indira Gandhi, Jagjivan Ram from images, courts controversy

Both images show the then service chiefs, but the former PM and defence minister is removed from them.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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