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.
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%.
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.
Sanjeev Sanyal, Principal Economic Adviser in the finance ministry was the guest at this edition of ThePrint's Off The Cuff.
In a conversation with ThePrint's...
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'.
India’s GDP is projected to contract in FY21. But as restrictions ease, supply side disruptions are addressed and demand picks up, the economy is expected to rebound.
Finance ministry’s monthly outlook report for November says another wave of Covid is a downside risk, but there’s growing optimism thanks to vaccines and other factors.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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