Q1 GDP Data Doesn't Capture Full Extent of Damage to Indian Economy, Ex-chief Statistician Says
4 years, 3 months ago

Q1 GDP Data Doesn't Capture Full Extent of Damage to Indian Economy, Ex-chief Statistician Says

News 18  

Former Chief Statistician of India, Pronab Sen, said that the Q1 GDP data does not fully convey the extent of the damage that the lockdown inflicted on the economy. “The Ministry of Corporate Affairs data would come which would have all registered companies, including the unlisted. That’s where I suspect the damage would really come out because that data would include the smaller companies that I think have been worse affected than the larger ones that are currently included in the sample. Commenting on the extent to which the Q1 GDP data reflected the damage to the Indian economy, Sen said that this is only the first step as the QI data reflects the effect of the lockdown and doesn’t really provide an indication of what the dynamics would be going forward.

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History of this topic

India's Q2 GDP slows to 5.4%, hits 18-month low on weak consumption
Trending News
3 weeks, 5 days ago

India's Q2 GDP slows to 5.4%, hits 18-month low on weak consumption

India Today  

India’s GDP growth for the July-September quarter fell sharply to 5.4%, marking an 18-month low, as per data released by the National Statistics Office on Friday. Manufacturing growth decelerated significantly to 2.2%, compared to 14.3% in the same quarter last year and 7% in the previous quarter. The weaker-than-expected GDP growth raises concerns about the sustainability of economic recovery, particularly …

India's Q2 GDP Data Today: Key Things To Watch Out For In Latest Economic Growth Numbers
2 years ago

India's Q2 GDP Data Today: Key Things To Watch Out For In Latest Economic Growth Numbers

News 18  

India’s Q2FY23 GDP Growth: India’s GDP data for the July-September 2022 quarter will be released today at 5.30 pm. Analysts expect India’s gross domestic product to have grown in the range of 5.8 per cent and 7.2 per cent during the second quarter of 2022-23, which is lower than the previous quarter. Now, in the Q2FY23, manufacturing growth based on …

Indian GDP likely boosted in July-Sept as lockdowns lifted: Report
3 years ago

Indian GDP likely boosted in July-Sept as lockdowns lifted: Report

India Today  

India's economic recovery likely strengthened in the previous quarter, boosted by services activity that recovered after pandemic-related mobility restrictions were eased, a Reuters poll of economists found. Relative control over new infections, and a large increase in vaccination helped improve services activity," wrote Rahul Bajoria, chief India economist at Barclays. "It is a rough road ahead for the economic recovery, …

Good News! India exits recession with 0.4% GDP growth in FY21 Q3
3 years, 9 months ago

Good News! India exits recession with 0.4% GDP growth in FY21 Q3

India TV News  

India has officially exited the technical recession phase that was brought about by the Covid-19 pandemic, as the country's Q3FY21 GDP grew by 0.4 per cent, official data showed on Friday. The National Statistical Office data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by 7.3 per cent from 24.4 per cent in the preceding quarter. …

Slower GDP Contraction for India in Q2, But Economic Pain will Linger on for Several Quarters
4 years ago

Slower GDP Contraction for India in Q2, But Economic Pain will Linger on for Several Quarters

News 18  

The Indian economy continues to contract although the pace of contraction has slowed. Three, the GDP data for the June and September quarters this year are based only on initial estimates based on economic activity in primarily the organised sector. And four, the first six months of the ongoing fiscal year still show double digit economic contraction, pushing India into …

GDP to contract 8.6% in Q2; India entered recession for first time: RBI official
4 years, 1 month ago

GDP to contract 8.6% in Q2; India entered recession for first time: RBI official

Live Mint  

Mumbai: The GDP is likely to contract by 8.6 per cent for the July-September period, which means India will enter into a recession for the first time in history in the first half of this fiscal with two successive quarters of negative growth due to the COVID-19 pandemic, as per an RBI official. The pandemic-induced lockdowns had led to a …

India's GDP to Contract 11% in FY21, 'Could be Even Worse' than Estimated: ICRA in Revised Forecast
4 years, 2 months ago

India's GDP to Contract 11% in FY21, 'Could be Even Worse' than Estimated: ICRA in Revised Forecast

News 18  

Mumbai: Domestic rating agency Icra further revised down its GDP estimate for the country on Monday and now expects the Indian economy to contract by 11 per cent in FY21. The agency, which was earlier estimating a contraction of 9.5 per cent, said the revision has been done as the rate of new COVID-19 infections remains elevated. The rating agency …

Finally, it falls to the farmer to rescue India\'s parlous GDP
4 years, 3 months ago

Finally, it falls to the farmer to rescue India\'s parlous GDP

Deccan Chronicle  

New Delhi: The release of GDP data for the corona-disrupted first quarter of 2020-21 on Monday came as a shocker despite the foreboding there had been for weeks earlier. "We are witnessing a V-shaped recovery as the economy unlocks E-way bills at 99.9 per cent vs August last year despite local lockdowns. As per the data, manufacturing has entered recession …

At -23.9%, India's first-quarter GDP data worst in history: A look at past numbers
4 years, 3 months ago

At -23.9%, India's first-quarter GDP data worst in history: A look at past numbers

India Today  

India's June quarter Gross Domestic Product contraction - economy's steepest contraction on record - shows the impact of the lockdown is way higher than what the experts had anticipated. Manufacturing growth at -39.3%, Mining growth at -23.3%, Construction growth at -50%, Trade & hotel industry one of the worst affected due to the pandemic is at -47%. Manufacturing, construction, trade, …

Q1 figures paint a sordid state of the economy, no respite likely this fiscal
4 years, 3 months ago

Q1 figures paint a sordid state of the economy, no respite likely this fiscal

Live Mint  

The National Statistical Office released the first estimate for Q1 FY21 gross domestic product. For the first time in India’s recorded statistical history, all the eight GDP segments have seen major contraction in the April-June quarter of 2020. The contraction was broad-based with all sectors of the economy contracting except agriculture which was able to register a growth of 3.4% …

Pandemic shocker! India's GDP shrinks by 23.9% in first quarter of FY2020-21
4 years, 3 months ago

Pandemic shocker! India's GDP shrinks by 23.9% in first quarter of FY2020-21

India Today  

Hit by the Covid-19 pandemic, India's Gross Domestic Product has shrunk by 23.9 per cent in the first quarter of the financial year 2020-21. Industry body FICCI's latest Economic Outlook Survey had pegged India's growth in first quarter of 2020-21 at -14.2 per cent and growth for overall financial year 2020-21 at -4.5 per cent. Soumya Kanti Ghosh, Group Chief …

'Once in-a-Century Crisis': Dists with Highest GDP in Red Zones, Birla Fears Economy May Contract in FY21
4 years, 4 months ago

'Once in-a-Century Crisis': Dists with Highest GDP in Red Zones, Birla Fears Economy May Contract in FY21

News 18  

Hindalco Industries Chairman Kumar Mangalam Birla has said Covid-19 and associated lockdowns have triggered a once in-a-century crisis for the society and the economy and the country's GDP may contract in 2020-21. Correspondingly, India's GDP is likely to contract in FY21, which would be the first such instance in over four decades," Birla said in a letter to shareholders. "It …

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