COVID-19 resurgence bringing renewed challenges for India; GDP growth seen at 9.5%: Fitch
The sudden and steep surge in the number of coronavirus cases the highest-ever 4,12,262 new infections and a record 3,980 daily death toll in a day has swamped the health system, which seemed to have collapsed.
May 06, 2021, 14:19 PM IST
S&P forecasts 11% growth for India this fiscal, flags 'substantial' impact of broader lockdowns
In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy. New infections have spiked in recent weeks and the country is in the middle of a second pandemic wave.
Apr 22, 2021, 15:32 PM IST
IMF projects India's growth rate to jump to impressive 12.5% in 2021
The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9 per cent in 2022.
Apr 07, 2021, 09:36 AM IST
Economic growth won’t be hit by second wave of COVID-19 infections: RBI Governor Shaktikanta Das
The RBI governor's assurance assumes significance amid apprehensions about surging new COVID-19 infections and resultant lockdowns being clamped in many cities.
Mar 25, 2021, 13:05 PM IST
Fitch revises India GDP growth to 12.8% for FY22
In its latest Global Economic Outlook (GEO), Fitch said revision is on the back of "a stronger carryover effect, a looser fiscal stance and better virus containment."
Mar 25, 2021, 12:07 PM IST
India’s GDP falls by 7.5% in July-September quarter of 2020-21
The next release of quarterly GDP estimates for the quarter October-December, 2020 (Q3 of 2020- 21) will be on February 2, 2021.
Nov 27, 2020, 18:08 PM IST
Moody's ups FY'21 India growth forecast to -10.6%; says stimulus to boost manufacturing, jobs
Moody's forecasts government debt to increase to 89.3 percent of GDP in fiscal 2020 and decline to 87.5 percent in fiscal 2021, from 72.2 percent in fiscal 2019. According to Moody's fiscal deficit would reach around 12 percent of GDP, with some upside risk, in fiscal 2020 and narrowing to about 7 percent of GDP over the medium term, still above the deficit of 6.5 percent of GDP in 2019.
Nov 19, 2020, 14:56 PM IST
India seen as worst affected economy among emerging markets from Covid-19 – Here’s what reports say
Covid-19 resulted in severe impact on Indian economy with the country's GDP contracting by 23.9 percent in April-June quarter.
Oct 30, 2020, 14:43 PM IST
India's GDP likely to contract 9.5% in FY'21, says RBI
RBI Governor Shaktikanta Da announcing the RBI Monetary Policy said growth is likely to pick up in the second half of the fiscal and enter into the positive zone in the January-March quarter.
Oct 09, 2020, 12:13 PM IST
Moody's projects Indian economy to contract 11.5% this fiscal
For 2021-22, it projected the economy to clock a growth of 10.6 per cent.
Sep 11, 2020, 17:59 PM IST
Indian economy to contract 10.5% in FY21 from -5% estimated earlier: Fitch
In the first quarter of current fiscal India's gross domestic product (GDP) contracted by a massive 23.9 per cent.
Sep 08, 2020, 14:02 PM IST
India's 2020-21 Q1 GDP growth contracts by 23.9%
India's Annual Gross Domestic Product (GDP) for April-June 2020 slowed down to 23.9 percent, government data showed on Monday.
Aug 31, 2020, 17:42 PM IST
Sensex falls 750 points ahead of GDP data
Aanalysts have opined that India might witness historical low quarterly GDP data following the coronavirus-related lockdowns.
Aug 31, 2020, 13:50 PM IST
Full Text: Statement of RBI Governor Shaktikanta Das August 6 Monetary Policy
Here is the Full Text of Statement of RBI Governor Shaktikanta Das
Aug 06, 2020, 16:02 PM IST
April-May fiscal deficit at 58.6% of budgetary target
The government has targeted a fiscal deficit of Rs 7.96 lakh crore for fiscal year 2020-21.
Jun 30, 2020, 18:10 PM IST
Fitch revises India's outlook to negative from stable, affirms IDR at BBB-
Moody's earlier this month downgraded India's sovereign rating by a notch to lowest investment grade of 'Baa2' for the first time in 22 years.
Jun 18, 2020, 10:23 AM IST
India's growth potential at 6.5-7%, needs to push reforms for recovery: S&P
Days after keeping India's rating at lowest investment grade for 13th year in a row, the rating agency in a webinar said despite the contraction in GDP this year, the country continues to be an outperformer among the peer groups.
Jun 12, 2020, 17:03 PM IST
India’s GDP may contract by 1.5% in FY21, says RBI survey
Real gross value added (GVA) is expected to decline by 1.7 per cent this fiscal but record 6.8 per cent growth in 2021-22.
Jun 05, 2020, 11:55 AM IST
India’s core sector output contracts by record 38.1% in April
The eight core sectors had expanded by 5.2 per cent in April 2019, the data released by the Commerce and Industry Ministry on Friday showed.
May 29, 2020, 17:24 PM IST
India's GDP growth for Q4 FY20 estimated at 1.2%: Report
According to the SBI's research report Ecowrap - the gross domestic product (GDP) growth is likely to be 4.2 per cent for FY20 and (-) 6.8 per cent for FY21.
May 26, 2020, 16:54 PM IST
