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India’s economy to contract 9.6% in FY21, muted recovery seen: World Bank
India’s growth is projected to rebound to 5.4% in FY22, mostly reflecting base effects, assuming Covid19 -related restrictions are completely lifted by 2022. As per the bank, weak activity, domestically and abroad, is also likely to depress both Indian imports and exports.
GDP contraction likely to have narrowed to 9.5 per cent in September quarter: Icra
In a report on Thursday, rating agency Icra said the Year-...
View: About the survey that shows Indians may be less aspirational than everyone thinks
A recent survey showed Modi govt's approval ratings a...
India's GDP to contract by 3 per cent in FY21: BofA
BofA Securities also said the RBI will monetise the fiscal deficit through purchase of government bonds of up to USD 95 billion through open market operations, and its revaluation reserves of USD 127 billion may also be used to recapitalise state-run banks.
Indian economy set for a near double-digit contraction this fiscal
With over 7.6 million coronavirus infections, India is the second worst hit country in the world after the United States and the spread shows no signs of abating.
Indian economy to recover very fast: HDFC Bank CEO Aditya Puri
HDFC Bank MD and CEO Aditya Puri has said Indian GDP will recover "very fast".
GDP Truth: No, India didn't do better than US did
Many on Twitter seemed to have bought into the narrative that India performed better compared to its peers, contracting much less in the April-June quarter.
GDP data coming today: Five things to look out for in Q3 growth numbers
Although there are expectations of a rebound happening in the third quarter, most data points unequivocally suggest that the Indian economy is still not out of the woods. There are enough signs that India's troubles may have persisted well into the third quarter. A few forecasts, however, predict that growth will pick up marginally to 4.7% in Q3.
India will struggle to achieve 5% GDP growth in 2020: American economist Steve Hanke
Hanke, who currently teaches applied economics at Johns Hopkins University (USA), pointed out that India experienced an unsustainable credit boom, and now the chickens are coming to roost with a massive pile of non-performing loans piled up, primarily at the state-owned banks.
India's GDP to contract 7.5% if Covid vaccine is delayed, 4% in base case: Bank of America Securities
Multiple efforts to find a vaccine against the dreaded virus are on both globally as well domestically, but no timelines have been announced yet. Many analysts are expecting the Indian economy to contract by 5 per cent in FY21 as a result of the nationwide lockdowns, with some also estimating a contraction of up to 7.2 per cent in the GDP.
View: India’s economy is ailing from more than Covid-19
The economy had already been weakened by years of mismanagement before this crisis struck.
Developing Asia to "barely grow" in 2020; India's GDP to contract by 4% this fiscal: ADB
Developing Asia will barely grow in 2020, as containment measures to address the coronavirus disease (COVID-19) pandemic is expected to hamper economic activity and weaken external demand, ADB said in a supplement to its Asian Development Outlook (ADO).
Moody's downgrade expected, India unlikely to slip to junk status: BofA
Moody's Investors Service on Monday downgraded the country's rating by one notch to 'Baa3', the lowest in the investment grade, with a negative outlook on worries over growth and fiscal risks.
India's GDP to grow at 6 per cent in Apr-Jun: Survey
India's economy will grow at a median rate of 6 per cent during the first quarter of the current financial year ended June 30, according to a Ficci report.