Monday, 8 August, 2022
TopicGDP

Topic: GDP

‘Poor Ukraine’: Sanctions on Russia hurt West too but here’s why it’s unlikely to back down

When one looks to the future, the question is whether Western powers want to save a country still recognisably Ukraine, or if they seek to destroy Russian threat once & for all.

Five graphics that tell you all you need to know about India’s 2021-22 GDP data

The government has revised its GDP growth estimate for 2021-22 to 8.7 per cent on account of economic disruptions caused by the Covid-19 pandemic and spike in inflation.

India’s fiscal deficit for 2021-22 at 6.7% of GDP, lower than earlier estimate

The government in the revised estimates in the Budget for 2022-23 forecast a higher fiscal deficit of 6.9% of the GDP for the fiscal ended in March.

SubscriberWrites: World Happiness Report shows how India lags behind in GDP, social support & life expectancy

For a big democracy like India, it would need greater efforts to drive the nation on the road of perfection, writes Seshank Mavalapalli

What the latest IPCC report on climate vulnerability & adaptation means for India

India is one of the South Asian nations to record the most number of urban adaptation initiatives, but these plans are marred by uneven distribution of funds and priority. 

Ubalta Punjab: How top state fell to 16, rising to broken & why Punjabis are forever furious

From farmers to government workers, people of Punjab are out on the streets protesting. And it’s not hard to see why, given the economy's data indicators.

LIC IPO inflow will be larger than budgeted, ‘done’ by March this year: Economic Affairs Secy

So far, the govt has raised Rs 12,029 cr from disinvestments in FY22, Budget has revised target down to Rs 78,000 cr. Assumption is that the rest will be brought in via LIC IPO.

New Covid restrictions set to slow down India’s economic growth in FY22 by 25 bps, HSBC says

India is due to release its first official estimate for annual GDP later Friday. A Bloomberg survey forecasts it to show an expansion of 9.3% as against RBI's predicted 9.5%.

Low rates are for short-term. RBI must raise rates to help household savings as inflation rises

Emergence of Omicron could pose downside risk to growth, while inflation is also edging up. Tolerating inflation to support growth was right call, but change is needed in future.

‘Rebound after second wave subdued than expected’: Fitch cuts India’s GDP forecast to 8.4%

Fitch had previously forecast growth of 8.7% in 2021-22. However, it has raised the economic growth projection for the next financial year to 10.3%, from previous forecast of 10%.

On Camera

YourTurn

Opposition leaders protest outside Parliament | Representative image | ANI

Confused, aimless—why Opposition parties live up to Ronen Sen’s ‘headless chicken’ remark

From ‘compromising national security’ to 'playing havoc' with institutions, the Opposition continues to attack Modi while failing to reflect on own actions.
A suspension pylon in Tamil Nadu | Commons

You thought power subsidy is a Delhi-Punjab problem? Check out Tamil Nadu’s power sector mess

RBI data shows Indian discoms owe power generation firms over Rs 4.5 lakh crore, almost a third of which is owed by Tamil Nadu, where power subsidy cost is twice that of food subsidy.

Defence

The Flying Dolphin — how a former Indian Navy submariner qualified as a commercial pilot 

Vivek Chaudhary retired from the Indian Navy in 2017 after serving on the  Short-Service Commission. After that, his dreams took flight. 

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
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