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Articles for Fy21, search results for contract

India's FY21 GDP to contract 7.7%, says Economic Survey
3 years, 10 months ago

India's FY21 GDP to contract 7.7%, says Economic Survey

India TV News  

India's GDP is estimated to contract by 7.7 per cent during the current fiscal, said the Economic Survey 2020-21 on Friday. The document which was tabled by Finance Minister Nirmala Sitharaman in the Lok Sabha in its debt simulations for worst-case debt analysis assumed the contraction at 7.7 per cent. The document prepared by the Finance Ministry's Chief Economic Adviser …

India Cent Gdp Economic Survey Primary Deficit Assumed
India's GDP may contract 7.7% in FY21: Govt data
3 years, 11 months ago

India's GDP may contract 7.7% in FY21: Govt data

India Today  

India’s economic growth is expected to contract over 7 per cent in 2020-21 due to the impact of the economic distress caused by the coronavirus pandemic during the year. The first advance estimates of economic growth released by the government show that the economy is likely to contract 7.7 per cent in the current fiscal year. It may be recalled …

India Economy Contract Cent Release
FY21 GDP to contract at 7.4% on better recovery: SBI report
4 years ago

FY21 GDP to contract at 7.4% on better recovery: SBI report

India TV News  

India's GDP growth is expected to be at 7.4 per cent in FY21 on better than projected recovery, said a SBI research report, upgrading its earlier forecast of 10.9 per cent. "We now expect GDP decline for the full year to be in single digits at 7.4 per cent 10.9 per cent), aligned with RBI and markets' revised forecasts post …

Report Cent Gdp Sbi Research Fy21 Q4 Growth
India Economy Likely to Contract by 10% in FY21, Says Former Planning Commission Member Abhijit Sen
4 years ago

India Economy Likely to Contract by 10% in FY21, Says Former Planning Commission Member Abhijit Sen

News 18  

India’s economy is likely to contract by around 10 per cent in the current fiscal, eminent economist and former Planning Commission member Abhijit Sen said on Friday. Sen, also an expert on issues related to agriculture, further said that the government would not be able to double farmers’ income by 2022. Talking about protesting farmers, mainly from Punjab and Haryana, …

Sen Farmers Income Member Abhijit
RBI says economy to contract at 7.5% for FY21; keeps repo rate unchanged at 4% in accommodative stance
4 years ago

RBI says economy to contract at 7.5% for FY21; keeps repo rate unchanged at 4% in accommodative stance

Firstpost  

The central bank, which had previously expected the economy to shrink 9.5 percent in the year to March, revised its forecast after a shallower-than-expected decline in GDP in the July-September quarter Mumbai: The Reserve Bank of India on Friday left interest rates unchanged for a third straight meeting as inflation stayed stubbornly high, and said the economy was recuperating fast …

Economy Growth Inflation Bank Quarter Rate Rbi
Sustainable economic recovery may narrow down GDP contraction in FY21, says FM
4 years, 1 month ago

Sustainable economic recovery may narrow down GDP contraction in FY21, says FM

Live Mint  

Asit Ranjan Mishra: Finance Minister Nirmala Sitharaman on Tuesday indicated that India’s GDP contraction may narrow down to near zero in FY21 if India’s ongoing economic revival remains sustainable in the second half of the financial year. However, following the unlocking of the economy starting June, India’s manufacturing PMI expanded to its highest level in over eight-and-half years at 56.8 …

India Sitharaman Revival Sustainable Economic
RBI Expects FY21 GDP Growth to Contract by 9.5% in First Official Estimate; Repo Rate Unchanged at 4%
4 years, 2 months ago

RBI Expects FY21 GDP Growth to Contract by 9.5% in First Official Estimate; Repo Rate Unchanged at 4%

News 18  

The Reserve Bank of India on Friday left key interest rates unchanged for the second time in a row as widely expected, while retaining an accommodative monetary policy stance, implying more rate cuts in the future if needed to support the coronavirus-hit economy. The monetary policy committee kept the repo rate, its key lending rate, at 4%, while the reverse …

Growth Rate Rbi Gdp Mpc Gdp Growth Repo Rate
India's GDP to contract by 9.5% in FY21, growth may turn positive in Jan-March: RBI Governor
4 years, 2 months ago

India's GDP to contract by 9.5% in FY21, growth may turn positive in Jan-March: RBI Governor

India Today  

RBI Governor Shaktikanta Das said on Friday, "India's GDP to contract by 9.5 per cent in FY21." RBI Governor Shaktikanta Das explained that India's recovery is likely to be a three-speed recovery, with individual sectors showing varying paces depending on sector-specific realities. According to the World Bank, India's GDP growth is likely to contract 9.6 per cent in FY21, a …

India Contract Cent Rbi Gdp Shaktikanta Das Rbi Governor
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 …

India Contract Cent Nayar Fy21
Indian economy to shrink 9 pc in FY21: ADB
4 years, 3 months ago

Indian economy to shrink 9 pc in FY21: ADB

India TV News  

India's coronavirus-battered economy will shrink by 9 per cent this fiscal, the Asian Development Bank predicted on Tuesday saying growth outlook remains highly vulnerable to either a prolonged outbreak of the pandemic or a resurgence of cases. With lockdowns stalling private spending, ADB said GDP will shrink by 9 per cent in April 2020 to March 2021, sharply down from …

India Economy Growth Economic Growth Indian Cent Forecast
Crisil Revises FY21 Real GDP Growth Forecast For India To (-)9% With No Covid-19 Peak In Sight
4 years, 3 months ago

Crisil Revises FY21 Real GDP Growth Forecast For India To (-)9% With No Covid-19 Peak In Sight

ABP News  

Credit rating agency Crisil has revised the FY21 real GDP growth forecast for India to 9 percent from 5 percent projected in May.According to the rating agency, with the pandemic's peak not yet in sight and the government not providing adequate direct fiscal support, the downside risks to its earlier forecast have materialised. "If the pandemic were to peak out …

India Crisil Gdp Gdp Growth Real Gdp
Fitch Puts India GDP Contraction in FY21 at 10.5% before Bouncing Back Next Fiscal
4 years, 3 months ago

Fitch Puts India GDP Contraction in FY21 at 10.5% before Bouncing Back Next Fiscal

News 18  

India's economy is expected to contract 10.5 per cent in the current fiscal before bouncing back in the next financial year, Fitch Ratings said on Tuesday. Separately, India Ratings and Research, the domestic arm of rating agency Fitch, projected an 11.8 per cent contraction in the Indian economy in FY21, as against its previous projection of 5.3 per cent contraction …

Economy Indian Ratings Cent Gdp Contraction Fitch
Indian Economy to Contract 10.5 Pc in FY21; Covid-19 Spread Disrupting Eco Activity: Fitch
4 years, 3 months ago

Indian Economy to Contract 10.5 Pc in FY21; Covid-19 Spread Disrupting Eco Activity: Fitch

News 18  

Fitch Ratings on Tuesday slashed India's FY21 growth projection to 10.5 per cent, from 5 per cent estimated earlier, saying the continued spread of the virus and imposition of sporadic shutdowns across the country has disrupted economic activity. Fitch said India recorded one of the sharpest GDP contractions in the world in the April-June quarter, but noted that growth should …

India Growth Cent Virus Eco Gdp Activity
Fitch sharply revises India's GDP forecast for FY21 to -10.5%
4 years, 3 months ago

Fitch sharply revises India's GDP forecast for FY21 to -10.5%

India Today  

Fitch Ratings on Tuesday revised its earlier annual GDP projection for India, signalling deeper trouble for India’s economy. The ratings agency projected India’s annual GDP to contract 10.5 per cent, which is significantly higher than its earlier GDP forecast of of -5 per cent. The revision comes days after official NSO data showed that India’s GDP shrank by a massive …

India Gdp Fitch
India's GDP to Contract by 20% in First Quarter of FY21, Says Care Ratings
4 years, 4 months ago

India's GDP to Contract by 20% in First Quarter of FY21, Says Care Ratings

News 18  

India's GDP is likely to contract by 20 per cent during the first quarter of the current fiscal on account of the COVID-19 pandemic-induced disruptions, Care Ratings said. "Notwithstanding the fact that considerable uncertainty prevails regarding the quarterly economic performance, taking cognizance of the adverse impact of lockdown we are pegging the real GDP growth at 20 per cent YoY …

Contract Growth Sector Cent Lockdown First Quarter Fy21
'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 …

India Birla Economic Activity
Icra sees India’s GDP contracting 9.5 pc in FY21
4 years, 5 months ago

Icra sees India’s GDP contracting 9.5 pc in FY21

Live Mint  

Domestic rating agency Icra has revised its forecast for contraction in the country's GDP in the current fiscal to 9.5 per cent from 5 per cent earlier, as continued lockdowns in some states have affected the recovery seen in May and June. "We have sharply revised our forecast for the contraction in Indian GDP in FY2021, to 9.5 per cent …

India Quarter Nayar Icra Fy21 Cent Recovery
Fitch Ratings downgrades India outlook from ‘stable’ to ‘negative’
4 years, 6 months ago

Fitch Ratings downgrades India outlook from ‘stable’ to ‘negative’

Live Mint  

Fitch Ratings on Thursday revised downward its rating outlook for India from stable to negative while retaining the sovereign rating at the lowest investment grade, citing increasing risk to the country’s growth and debt outlook. “The coronavirus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden,” Fitch said. India’s …

India Growth Gdp Rating Fitch Fiscal Outlook
ADB projects Indian economy to contract 4% in FY21
4 years, 6 months ago

ADB projects Indian economy to contract 4% in FY21

Live Mint  

NEW DELHI: The Asian Development Bank on Thursday said the Indian economy will contract by 4% in FY21 as businesses came to a standstill for more than two months because of the nationwide lockdown. The development bank expects Asia’s third largest economy to bounce back in FY22 and grow at 5% as economic activity normalises gradually. In its Asian Development …

Economic Growth Economic Activity Indian Economy Growth Slow Economic Growth Slow