Friday, 21 January, 2022

Topic: GDP

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%.

Taliban curbs on working women could cut Afghanistan GDP by 5%: UN report

According to report, women account for 20% of the country’s workforce and preventing them from working could shave half a billion dollars alone from household consumption.

Recovery gathers pace: India’s Q2 GDP grows at 8.4% for fourth straight quarter of expansion

The second wave of Covid had forced states to impose fresh restrictions. However, the economy has now surpassed the pre-Covid level, according to data released by National Statistical Office.

China property and energy crises deliver blow to GDP growth

The slowdown was largely a result of China's attempt to reduce financial risks by slowing the pace of lending to the real estate sector and worsening debt crisis at Evergrande.

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.

RBI optimistic about 9.5% GDP growth projection for FY22 being met, Shaktikanta Das says

RBI Governor Das further said the central bank will seek to gradually move towards achieving the 4% target, but the possibility of a sustained increase in inflation is unlikely.

Rich getting richer, poor getting poorer — answer to India’s V vs K economic recovery question

The distribution of income and therefore the pattern of economic growth have become a matter of even greater than usual concern, and not just because of obvious humanitarian concern about those being left behind.

How India’s GDP ‘grew’, and distortion of history at Jallianwala Bagh

The best cartoons of the day, chosen by the editors at ThePrint.

On Camera


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.


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.