Covid-19 Second Wave: Goldman Sachs Lowers Growth Forecast, Nifty Target
3 years, 8 months ago

Covid-19 Second Wave: Goldman Sachs Lowers Growth Forecast, Nifty Target

News 18  

Wall Street brokerage Goldman Sachs has flagged a slew of concerns on the surging COVID-19 caseload that has been hitting new records everyday, coupled with the rising lockdowns, forcing it to downgrade India's GDP growth forecast for the full year to 10.5 per cent from 10.9 per cent, apart from pegging down stock indices valuation and earnings. It revised down its 2021 real GDP growth forecast to 10.5 per cent, from 10.9 per cent previously, but it still remained above consensus. Accordingly, it has lowered the 2021 earnings growth forecast to 24 per cent from 27 per cent previously and expects the recovery to resume from July as restrictions normalise, vaccination pace accelerates and the global growth backdrop remains supportive. Goldman Sachs expects Nifty to reach 16,300 by December, down from the earlier forecast of16,500, which implies only about 14 per cent upside in rupee terms.

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History of this topic

Stock Market Outlook 2025: Nifty At 27K Or 28K By Year-End? Insights From Market Experts
Trending News
3 days, 13 hours ago

Stock Market Outlook 2025: Nifty At 27K Or 28K By Year-End? Insights From Market Experts

ABP News  

The Indian equity markets have shown resilience throughout most of 2024, overcoming various challenges such as persistent inflation, the weaker-than-expected second quarter of financial year 2025 earnings, the outcomes of the general elections, FII outflows, and geopolitical uncertainty. Sharing his take, Sarvjeet Singh Virk, Co-founder and MD of Shoonya by Finvasia, told ABP Live, “Despite facing selling pressure towards the …

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome
2 weeks, 3 days ago

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome

Live Mint  

RBI Monetary Policy: Highlighting sticky inflation and its impact on economic growth and consumers, Reserve Bank of India Governor Shaktikanta Das announced a status quo on the repo rate and policy stance on Friday, December 6. The Monetary Policy Committee of the central bank, by a majority of 4:2, decided to keep the repo rate at 6.50 per cent for …

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us
Trending News
2 weeks, 4 days ago

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us

New Indian Express  

The RBI on Friday refused to change its mind about interest rates despite economic growth hard landing in Q2, FY25. In fact, in his very opening remarks, Governor Shaktikanta Das sort of vowed to protect peace with blood reminding about the central bank's price stability mandate and its commitment to the flexible inflation target comes before everything else. The six-member …

​A wake-up call: On the growth forecast
3 weeks ago

​A wake-up call: On the growth forecast

The Hindu  

Even the most pessimistic economic forecasters did not anticipate the sharp downturn in economic momentum reflected in the Gross Domestic Product estimates for the July-September quarter. From a five-quarter low of 6.7% in the first quarter, most independent economists expected GDP growth of 6.5% in Q2, citing slackening urban demand indicators such as moderating GST revenue growth, and weak consumer …

Q2 GDP slowdown: What it means for stock market investors
3 weeks, 1 day ago

Q2 GDP slowdown: What it means for stock market investors

India Today  

India’s economy hit a speed bump in Q2 FY25, with GDP growth slowing to 5.4%—the weakest in seven quarters. For stock market investors already navigating weak corporate earnings and persistent foreign outflows, this slowdown adds to the challenges on Dalal Street. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The Q2 GDP shocker of 5.4% will weigh on …

Stock market strategy: Goldman Sachs sets 12-month Nifty 50 target at 27,000; overweight on autos, telecom, insurance
1 month ago

Stock market strategy: Goldman Sachs sets 12-month Nifty 50 target at 27,000; overweight on autos, telecom, insurance

Live Mint  

Indian equities are expected to remain resilient to global macroeconomic challenges such as a stronger US dollar, shallower easing in emerging markets, and potential US tariff hikes on China, according to Goldman Sachs’ latest report. Goldman Sachs projects India’s GDP growth to decelerate to 6.3% year-on-year in 2025, citing fiscal constraints and subdued credit growth. Stock Market Outlook Goldman Sachs …

India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25
1 month ago

India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25

Live Mint  

India’s economic growth is expected to decelerate in 2025, said Goldman Sachs even as it believes that the economy will likely be insulated from global shocks emanating out of a potential trade war between US and China. Though India’s strong long-term structural growth story remains intact, we forecast GDP growth to decelerate to 6.3% YoY in CY25, on continued fiscal …

Economic Activity Index Shows Mixed Signals in Q2 2024-25
2 months ago

Economic Activity Index Shows Mixed Signals in Q2 2024-25

The Hindu  

India's GDP is projected to grow 6.8% in the second quarter of 2024-25, marginally higher than the 6.7% uptick in the first quarter. However, some high frequency indicators have shown a slackening of momentum in Q2, partly attributable to idiosyncratic factors like heavy rains and the Pitru Paksha festival. Despite these concerns, the Indian economy has exhibited marked resilience in …

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters
3 months, 3 weeks ago

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Hindustan Times  

India's Gross Domestic Product moderated to 6.7% during the first quarter of the financial year 2024-25, compared to the 8.2% growth seen in the same quarter of the previous year, according to the data released by the Ministry of Statistics and Programme Implementation on Friday, August 30, 2024. India's GDP moderates to 6.7% in Q1 2024-25 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …

Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts
3 months, 4 weeks ago

Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts

Hindustan Times  

Goldman Sachs Group Inc. has lowered India’s growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure. India’s growth next year will be hampered by the government’s commitment in the budget to bring down the fiscal deficit to below 4.5% of gross domestic product. Expansion will also face headwinds from …

RBI Monetary Policy: Raises FY25 real GDP growth forecast to 7.2% from 7%
6 months, 2 weeks ago

RBI Monetary Policy: Raises FY25 real GDP growth forecast to 7.2% from 7%

Live Mint  

The Reserve Bank of India, in its June monetary policy, has raised its real GDP growth forecast for the current financial year 2024–25 to 7.2 percent from 7 percent earlier. {{^adFree}} {{/adFree}} In line with market expectations, the RBI maintained its status quo on the benchmark interest rate at 6.5 percent during its second bi-monthly policy announcement for the financial …

Nifty 50, Sensex today: What to expect from Indian stock market in trade on December 11
1 year ago

Nifty 50, Sensex today: What to expect from Indian stock market in trade on December 11

Live Mint  

Benchmark indices gained for the sixth straight week having the best stretch of weekly gains in 3 years after RBI Monetary policy and raised GDP forecast. We expect that the rate pause will continue for some time,” Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd. After the policy announcement, the Nifty 50 surpassed the 21,000 threshold for the …

Tale of two halves: Goldman sees GDP powered by govt, private sector
1 year, 1 month ago

Tale of two halves: Goldman sees GDP powered by govt, private sector

Live Mint  

Investment bank and financial services major Goldman Sachs predicted a higher 6.5% growth in gross domestic product in FY25, compared to a more sedate 6.2% in FY24. In calendar year 2024, economic growth “is likely to be a tale of two halves", Goldman Sachs said in a report released on Monday, titled India 2024 Outlook. According to Goldman Sachs, risks …

India’s GDP may expand by 7% in 2nd quarter of FY24: Experts
1 year, 1 month ago

India’s GDP may expand by 7% in 2nd quarter of FY24: Experts

Hindustan Times  

India’s gross domestic product may expand by nearly 7% in the second quarter of FY24 on sound economic fundamentals, exceeding the Reserve Bank of India’s October 6 estimate of 6.5%, but in line with governor Shaktikanta Das’s prediction on Tuesday, at least four experts said. Speaking at the Business Standard BFSI Insight Summit on Tuesday, Das said India’s economic growth …

Nifty EPS outlook for FY24 raised by 2.5% on strong Q1 results: Motilal Oswal
1 year, 4 months ago

Nifty EPS outlook for FY24 raised by 2.5% on strong Q1 results: Motilal Oswal

Live Mint  

India Inc. has begun the financial year 2023-2024 on a strong footing with robust Q1 results. Domestic brokerage firm Motilal Oswal Financial Services raised its FY24 earnings estimates from Nifty50 stocks by 2.5% to ₹988 on the back of robust Q1 results by corporates that could support overall bullish economic outlook for India. Nifty posted a beat with EBITDA and …

RBI retains FY24 GDP forecast at 6.5%
1 year, 4 months ago

RBI retains FY24 GDP forecast at 6.5%

The Hindu  

The RBI on August 10 retained the GDP growth projection for current fiscal year at 6.5% and raised the inflation projection marginally to 5.4% due to spike in vegetable prices, including tomatoes. "Headwinds from weak global demand, volatility in global financial markets, geopolitical tensions and geoeconomic fragmentation, however, pose risks to the outlook," Mr. Das said. Editorial | Optical relief: …

RBI Monetary policy: GDP growth estimate for FY24 maintained at 6.50%
1 year, 6 months ago

RBI Monetary policy: GDP growth estimate for FY24 maintained at 6.50%

Live Mint  

In the recent data released during RBI Monetary Policy meeting, Real GDP growth projections for the financial year 2023-24 is projected at 6.5 percent with Q1 projections being 8 percent, Q2 projections being 6.5 percent, Q3 projections being 6 percent and Q4 projections being 5.7 percent. On the demand side, Real GDP for financial year 2022 -23 recorded 7.2 percent …

GDP growth may cross 7% in 2022-23: RBI Governor
1 year, 6 months ago

GDP growth may cross 7% in 2022-23: RBI Governor

The Hindu  

India’s GDP growth in 2022-23 may well surpass the 7% estimate, while retail inflation is likely to go below the 4.7% mark this month, and gross non-performing assets in the banking system have likely dipped further in the January to March 2023 quarter, Reserve Bank of India Governor Shaktikanta Das said on Wednesday. “I will not be surprised if India’s …

World Bank raises India FY23 GDP growth forecast to 6.9%
2 years ago

World Bank raises India FY23 GDP growth forecast to 6.9%

Live Mint  

The World Bank on Tuesday raised India’s economic growth forecast for the current financial year to 6.9% from its October estimate of 6.5% citing the economy’s resilience in the face of challenging external environment and the September quarter performance. While the deteriorating external environment will weigh on India’s growth prospects, the economy is relatively well positioned to weather global spillovers …

Manufacturing shrinks, slowing Q2 GDP growth to 6.3%
2 years ago

Manufacturing shrinks, slowing Q2 GDP growth to 6.3%

The Hindu  

Manufacturing and mining output contracted year-on-year in the July-September quarter, dragging Gross Value Added growth to a slower-than-expected 5.6%, which together with high inflation and weak exports combined to slow overall Gross Domestic Product growth to a 6.3% pace, as per estimates released by the National Statistical Office. Chief Economic Advisor V Anantha Nageswaran said the data confirms that the …

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 …

Growth is still the real issue
2 years, 2 months ago

Growth is still the real issue

Hindustan Times  

The 0.5 percentage point increase by the Reserve Bank of India ’s monetary policy committee, taking the policy rate to 5.9%, making both existing and new loans expensive, needs to be seen in the right context to be fully appreciated. The policy was also measured in its response to the rupee’s depreciation against the dollar — pointing out that this …

Fitch slashes India's GDP growth forecast to 7% for FY23; cites elevated inflation levels, higher interest rates
2 years, 3 months ago

Fitch slashes India's GDP growth forecast to 7% for FY23; cites elevated inflation levels, higher interest rates

Firstpost  

In its Global Economic Outlook September 2022, Fitch said the GDP growth of 13.5 per cent in April-June, as per official data, was below its June expectation of 18.5 per cent increase New Delhi: Fitch Ratings on Thursday slashed its projection of India’s economic growth to 7 per cent for current fiscal year, citing elevated inflation levels and higher interest …

Fitch lowers India's FY 2023 GDP growth forecast to 7% from 7.8%: Report
2 years, 3 months ago

Fitch lowers India's FY 2023 GDP growth forecast to 7% from 7.8%: Report

Hindustan Times  

Fitch expects the Indian economy to slow down and said in a statement released late on Wednesday that it would cut the country's gross domestic product growth forecast for the current fiscal year through March 2023 to 7% from 7.8%. "We expect the economy to slow given the global economic backdrop, elevated inflation and tighter monetary policy," the rating agency …

SBI cuts FY23 growth forecast to 6.8% as Q1 data disappoints
2 years, 3 months ago

SBI cuts FY23 growth forecast to 6.8% as Q1 data disappoints

The Hindu  

State Bank of India, Moody’s Investors Service and Goldman Sachs have revised downward their annual growth forecasts. While SBI revised its GDP growth estimate to 6.8% from 7.5%, citing ‘the way below GDP numbers for the first quarter,’ Moody’s forecast 7.7% growth, against 8.8%. “We are now revising our annual GDP growth for FY23 to 6.8%, mostly due to a …

What is the state of the Indian economy today?
2 years, 3 months ago

What is the state of the Indian economy today?

Hindustan Times  

India’s Gross Domestic Product expanded by 13.5% on a year-on-year basis in the first quarter of the fiscal year 2023, largely in line with our projections. GDP growth in the previous quarter was driven by a surge in consumption demand, with private final consumption expenditure surging by 25.9% YoY — this alone contributed as much as 14 percentage points to …

India’s GDP grows at 13.5% in April-June quarter
2 years, 3 months ago

India’s GDP grows at 13.5% in April-June quarter

The Hindu  

India's Gross Domestic Product grew at 13.5% in the first quarter of 2022-23, the fastest pace in four quarters, with the Gross Value Added in the economy rising by 12.7%, as per National Statistical Office estimates released on Augsut 31. The economy’s latest growth print, aided by a pick-up in private consumption spending and capital investments, is significantly lower than …

Asian Development Bank pares India growth hopes to 7.2% for 2022-23
2 years, 5 months ago

Asian Development Bank pares India growth hopes to 7.2% for 2022-23

The Hindu  

The Asian Development Bank has lowered its growth forecast for India to 7.2% for 2022-23 from a 7.5% projection made in April, citing higher than anticipated inflation since April along with monetary policy tightening. In a supplement to its Asian Development Outlook report, the Bank on July 21 also moderated its growth hopes for 2023-24 to 7.8% from 8% and …

RBI retains GDP growth forecast at 7.2% for current fiscal, cautions against negative spillovers
2 years, 6 months ago

RBI retains GDP growth forecast at 7.2% for current fiscal, cautions against negative spillovers

Firstpost  

Announcing the third monetary policy of 2022-23, RBI Governor Shaktikanta Das said the available information for April and May 2022 indicates that the recovery in domestic economic activity remains firm, with growth impulses getting increasingly broad-based Mumbai: The Reserve Bank of India on Wednesday retained its GDP growth forecast at 7.2 per cent for the current fiscal but cautioned against …

RBI hikes repo rate by 50 bps to 4.90%, retains GDP growth forecast at 7.2%
2 years, 6 months ago

RBI hikes repo rate by 50 bps to 4.90%, retains GDP growth forecast at 7.2%

Firstpost  

RBI Governor Shaktikanta Das announced that the central bank’s decision to raise MSF Rate and Bank rate to 5.15 per cent from 4.65 per cent The Reserve Bank of India on Wednesday raised key repo rate by 50 basis points to 4.90 per cent. CPI Inflation The RBI Monetary Policy Committee has raised CPI inflation forecast for FY23 to 6.7 …

India's Q4 GDP Grows At 4.1%, Growth in FY22 Improves To 8.7%
2 years, 6 months ago

India's Q4 GDP Grows At 4.1%, Growth in FY22 Improves To 8.7%

News 18  

India’s gross domestic product grew 4.1 per cent in the fourth quarter of the financial year 2021-22. For the full financial year 2021-22, the GDP saw a growth of 8.7 per cent. The GDP growth of 8.7 per cent in 2021-22 is significantly better than last year’s 6.6 per cent contraction and points towards a recovery from the pandemic-driven slowdown. …

It may take 12 years for Indian economy to overcome COVID losses, says RBI report
2 years, 7 months ago

It may take 12 years for Indian economy to overcome COVID losses, says RBI report

Firstpost  

The RBI released the Report on Currency and Finance for the year 2021-22 on Friday whose theme is ‘Revive and Reconstruct’ in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium-term Mumbai: The Indian economy is likely to take over 12 years to overcome the COVID-19 losses, according to a report released by the …

India's GDP to grow at 9.2% in 2021-22, to surpass pre-Covid level, says govt data
2 years, 11 months ago

India's GDP to grow at 9.2% in 2021-22, to surpass pre-Covid level, says govt data

India TV News  

Highlights The Indian economy is estimated to grow at 9.2 per cent in the 2021-22 fiscal. The Indian economy is estimated to grow at 9.2 per cent in the 2021-22 fiscal, surpassing pre-Covid level in actual terms mainly on account of improved performance especially in farm, mining and manufacturing sectors. The improvement in the economy comes over a GDP contraction …

RBI retains growth forecast for current fiscal at 9.5 per cent
3 years ago

RBI retains growth forecast for current fiscal at 9.5 per cent

India TV News  

The Reserve Bank on Wednesday retained the GDP growth forecast at 9.5 per cent for the current fiscal but cautioned that the economic recovery is not yet strong enough to be self-sustaining and durable. the projection for real GDP growth is retained at 9.5 per cent in 2021-22 consisting of 6.6 per cent in Q3 and 6.0 per cent in …

RBI retains economic growth forecast at 9.5 for FY22
3 years, 2 months ago

RBI retains economic growth forecast at 9.5 for FY22

India TV News  

The Reserve Bank on Friday retained the GDP forecast for the current financial year at 9.5 per cent and flagged global semiconductor shortages, elevated commodity prices, and potential global financial market volatility as downside risks to economic growth. "Impact of elevated input costs on profit margins, potential global financial and commodity markets volatility and a resurgence in COVID-19 infections, however, …

India's GDP likely to grow at 18.5 per cent in April-June quarter this fiscal: SBI report
3 years, 3 months ago

India's GDP likely to grow at 18.5 per cent in April-June quarter this fiscal: SBI report

India TV News  

The country's gross domestic product is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap. This estimate is lower than the Reserve Bank of India's GDP growth projection of 21.4 per cent for the April-June quarter. “Based on our 'Nowcasting' model, the …

Why the RBI's job just got tougher
3 years, 5 months ago

Why the RBI's job just got tougher

India Today  

Even as the government treads the path of fiscal conservatism, the Reserve Bank of India has taken on the mantle of spurring growth through a lenient monetary policy—over the past year, its monetary stance has been ‘accommodative’. In 2021, it has largely maintained the status quo, even as inflation has surged past its target of between two and six per …

RBI cuts 2021-22 GDP growth forecast to 9.5%
3 years, 6 months ago

RBI cuts 2021-22 GDP growth forecast to 9.5%

Hindustan Times  

The Reserve Bank of India expects the now ebbing second wave of the coronavirus disease pandemic in India to have only a small impact on the economy, and, in fact, has projected that GDP growth will be faster than previously estimated in the third and fourth quarters of the year -- likely the impact of the ongoing vaccine drive. The …

RBI lowers GDP growth projection to 9.5 pc for 2021-22
3 years, 6 months ago

RBI lowers GDP growth projection to 9.5 pc for 2021-22

India TV News  

The Reserve Bank on Friday lowered the country's growth projection for the current financial year to 9.5 percent from 10.5 percent estimated earlier, amid uncertainties created by the second wave of the coronavirus pandemic. In April, the Reserve Bank had projected the real GDP growth for 2021-22 at 10.5 percent. India's economy had contracted by less-than-expected 7.3 percent in the …

RBI announces additional measures to mitigate impact of second Covid-19 wave
3 years, 6 months ago

RBI announces additional measures to mitigate impact of second Covid-19 wave

Hindustan Times  

Reserve Bank of India governor Shaktikanta Das on Friday announced additional measures to tackle the impact of the second wave of Covid-19 on the economy and financial markets. Reserve Bank of India Here’s a list of all the additional measures announced by RBI governor Das: On-tap liquidity window for contact intensive sectors: A separate liquidity window of ₹15,000 crore opened …

GDP shrinks by 7.3%; Q4 uptick moderates 2020-21 carnage
3 years, 6 months ago

GDP shrinks by 7.3%; Q4 uptick moderates 2020-21 carnage

The Hindu  

India's Gross Domestic Product contracted by 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office on Monday, marginally better than the 8% contraction in the economy projected earlier. The combination of the second wave and the revised base effect may imply a lower GDP growth for the Indian economy for 2021-22, may be in …

India's GDP shrank by 7.3% in 2020-21; up by 1.6% in last quarter
3 years, 6 months ago

India's GDP shrank by 7.3% in 2020-21; up by 1.6% in last quarter

The Hindu  

India's Gross Domestic Product contracted 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office on Monday, marginally better than the 8% contraction in the economy projected earlier. The fourth quarter of 2020-21 recorded a growth of 1.6% in GDP, the second quarter of positive growth, after the country had entered a technical recession in …

Second wave of Covid infections can imperil India's economic recovery, says S&P
3 years, 7 months ago

Second wave of Covid infections can imperil India's economic recovery, says S&P

India Today  

Second wave of Covid-19 infections can imperil India's economic recovery, says American credit rating agency S&P. In its assessment, S&P said, "In a moderate scenario in which the pandemic peaks later this month, GDP for the full fiscal year could drop by another 1.2 per cent." Learn more: https://t.co/BG2hipATS7 pic.twitter.com/9sQUOuP5IZ — S&P Global Ratings May 13, 2021 However, S&P goes …

Second COVID wave could spark greater uncertainty, govt will respond with fiscal steps if required: Niti Aayog
3 years, 8 months ago

Second COVID wave could spark greater uncertainty, govt will respond with fiscal steps if required: Niti Aayog

India TV News  

The country needs to prepare for "greater uncertainty" in terms of consumer as well as investor sentiments due to the second wave of coronavirus infections, and the government will respond with fiscal measures as and when required, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday. While acknowledging that the present situation has become far more difficult than it was …

What could India Inc's Q4 report card look like? Here's a glimpse
3 years, 8 months ago

What could India Inc's Q4 report card look like? Here's a glimpse

Business Standard  

The March quarter earnings season is just around the corner and expectations are running high that India Inc after two consecutive quarters of solid earnings beats and upgrades will keep up with the trend. As per some experts, Nifty50 could possibly post the highest earnings growth in a decade in a financial year that was marked by turbulent times in …

Reserve Bank of India retains GDP growth forecast at 10.5 per cent for FY22
3 years, 8 months ago

Reserve Bank of India retains GDP growth forecast at 10.5 per cent for FY22

India TV News  

The Reserve Bank of India on Wednesday retained the economic growth projection for the current financial year at 10.5 per cent, while cautioning that the recent surge in COVID-19 infections has created uncertainty over the economic growth recovery. Taking various factors into consideration, it said, "the projection of real GDP growth for 2021-22 is retained at 10.5 per cent consisting …

FY22 growth estimate of 10.5% need not be revised: RBI Governor
3 years, 8 months ago

FY22 growth estimate of 10.5% need not be revised: RBI Governor

India TV News  

Showing confidence on India economic recovery, Reserve Bank of India Governor Shaktikanta Das said that the growth projection of 10.5 per cent for the next financial year would not have to be revised given the strong economic recovery of the country. Speaking at the India Economic Conclave, Das said that now the world knows the dangers of the Covid-19 pandemic …

Covid Impact! Economy likely to contract 7.7% in 2020-21, Govt data shows
3 years, 11 months ago

Covid Impact! Economy likely to contract 7.7% in 2020-21, Govt data shows

India TV News  

Indian economy is estimated to contract 7.7 per cent in 2020-21 compared to 4.2 per cent growth in the previous fiscal, mainly on account of the impact of the COVID-19 pandemic. The growth in real GDP during 2020-21 is estimated at -7.7 per cent as compared to the growth rate of 4.2 per cent in 2019-20," it said. In the …

The Hindu Explains | How is the Indian economy faring, and what are the predictions on growth for 2021?
3 years, 11 months ago

The Hindu Explains | How is the Indian economy faring, and what are the predictions on growth for 2021?

The Hindu  

The story so far: The year 2020 upended India’s economy as much as it disrupted the rest of the world, along with all aspects of normal life, thanks to the novel coronavirus. But unlike most other peers, India’s economy had already been hurtling downhill before the pandemic hit, and a snap national lockdown announced in late March scuppered virtually all …

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