Friday, 21 January, 2022
TopicGDP growth

Topic: GDP growth

ADB cuts India’s growth forecast to 10% for this fiscal due to Covid disruptions

In April, ADB had projected a growth rate of 11% in 2021-22 for India. Meanwhile, RBI also trimmed the country's growth projection by a similar margin to 9.5% in June this year.

India’s GDP & fiscal situation seem back on track. Reforms must continue to build confidence

The 20.1% growth in Q1 FY22 was largely driven by the base effect. Structural reforms including disinvestment and bank privatisation needed to ensure a sustained growth path.

Q1 GDP numbers good but India still not out of the woods

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India’s GDP grows at 20.1% in June quarter but still below pre-Covid output level

Except for agriculture and electricity, gas & water supply, no other sector saw output surpassing levels seen in Q1 2019-20. Govt says economy will grow at around 11% in current fiscal.

S&P declares India rating at lowest investment grade for 14th year in row

India's strong external settings will act as a buffer against financial strains despite increased government funding needs in next 24 months, S&P Global Ratings stated.

Moody’s pegs India GDP growth at 9.3% for current financial year, 7.9% in FY23

The credit rating agency said it didn't expect the impact of lockdown this year to be as severe as last year's & predicted real GDP growth to average around 6% over the longer term.

How this Covid wave has hurt Indian economy — falling indicators, lower growth expectations

Indian economy is expected to do better than last year, but growth could be 11% or even lower, compared to the pre-2nd wave projections of 13% and above.

Modi govt doesn’t have much time. It should start work on economic recovery now

Studies have shown that over 200 million Indians are expected to fall into poverty as a result of shutdowns & healthcare costs. The S&P has now downgraded the GDP growth to 9.8%.

S&P cuts India’s GDP growth forecast to 9.8% for 2021-22 fiscal due to second Covid wave

The US-based rating agency in March had expected an 11% GDP growth forecast for India for April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus.

India’s debt levels to reduce even in low-growth scenario, says Chief Economic Adviser

KV Subramanian said India must continue to focus on growth so that 'we expand the pie, enabling redistributive policies that lift people out of poverty'.

On Camera

YourTurn

How Facebook and Amazon rely on an invisible workforce

The market for on-demand, digital tasks is estimated by the World Bank to be worth $25 billion, with Meta Platforms, Amazon, YouTube as some of the biggest buyers.
Representational image of a jewellery store | ANI

India Jewellery Park to be set up in Mumbai, aims to attract Rs 20,000 crore investment

The Gem & Jewellery Export Promotion Council and Maharashtra Industrial Development Corporation have signed a draft agreement granting possession of a plot for setting up the park.

Defence

Foreign secretary Harsh Vardhan Shringla meets German Navy chief Vice Admiral Kay-Achim Schönbach on 20 January. | Twitter | @MEAIndia

New chapter in ties as Indian foreign secy meets Germany navy chief, warship ‘Bayern’ visits

With Germany identifying India as one of the key partners in its Indo-Pacific policy, a German frigate entered Indian waters for a port call in Mumbai, in a major signal to China.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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