Wednesday, 6 July, 2022
TopicIndia's GDP

Topic: India's GDP

Fitch Ratings lowers India’s GDP growth forecast to 7.8% from 8.5% for 2022-23

“This is a downward revision from our 8.5% forecast in March as inflationary impacts of global commodity price shock are dampening some of the positive growth momentum,” the ratings agency said.

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.

SubscriberWrites: Higher bond yields, increased borrowing concern for Indian economy

Higher bond yields means government and corporates have to issue bonds at higher interest rates, reducing profit of companies, writes Criti Mahajan.

Let’s stop pretending. Indian banking sector needs to be mostly private to be healthy

It’s virtually written in the stars that private banks will continue to grab a bigger share than public banks. Two or three large, better-run govt banks should suffice.

Modi trying to ‘prove himself’ to farmers, Delhi politicians meet in ‘quiet’ fields

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

Economic recovery stronger than expected, but surge in Covid cases key risk — RBI governor

RBI governor Shaktikanta Das says there is a need to be watchful of demand sustainability post festive season.

Future rate cuts depends on moderation in inflation, says RBI Governor Shaktikanta Das

The reconstituted Monetary Policy Committee, which met from 7 to 9 October, had decided to keep the benchmark lending rates unchanged in view of the hardening of retail inflation.

Indian economy to contract 10.3% in 2020, to bounce back with 8.8% growth in 2021, says IMF

With an 8.8% growth rate in 2021, India will regain the position of the fastest growing emerging economy, surpassing China's projected growth rate of 8.2%, the IMF report said.

Investor sentiment still low. But green shoots in bank loans, GST collections, power usage

Double-digit growth seems optimistic. Modi govt needs to more than double its expenditure to compensate for the losses and avert GDP decline. It's fanciful at best.

Tribute to Indian-Tibetan SFF hero Nyima Tenzin, and who really needs Y-plus security

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

On Camera

YourTurn

Mamata Banerjee holding a rally in Kolkata, kali

Bengal has many Kalis, but TMC can’t accommodate them anymore. UP, Haryana is in the way

Moitra, TMC leadership need to have a conversation. And send everyone else a memo: Protecting Bengali identity is not the party’s only line anymore.
Illustration by Soham Sen

Keep calm and carry on: Unlike wheat, rice isn’t hot yet

The world is worried that India might restrict exports of rice after wheat, pushing prices higher and worsening global food security.

Defence

Air Commodore Sanjay Sharma pose with daughter Flying Officer Ananya Sharma in front of the fighter aircraft | Twitter/@DefencePRO_Guj

In a first in IAF, father-daughter fly in same fighter formation as fellow wingmen

Daughter of Air Commodore Sanjay Sharma, Flying Officer Ananya Sharma is currently undergoing training to master ‘superior and faster’ jets.

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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