Outdated data may be leading into some problems for India when fixing the Goods and Services Tax rates, said the senior economist. Meanwhile, contrary to other estimates, he expects nominal growth to be positive as demand recovers.
Finance Minister Nirmala Sitharaman also said the Centre would come out with fresh growth and budgetary estimates for the COVID-19 pandemic-hit 2020-21.
If we take the IMF’s figures for gross domestic product per capita at constant prices, measured by purchasing power parity using 2017 international dollars, then Bangladesh’s per capita income in 2020 is 83 percent of India’s.
Under the best case scenario, energy demand returns to pre-pandemic levels only by 2023
Certainty on interest rate path by RBI and clarity that the government will not risk more borrowing than committed are immensely helpful
This projection is even grimmer than what the Reserve Bank of India (RBI) predicts. How long will the economy take to recover?
The International Monetary Fund, in its World Economic Outlook report late on Tuesday, said that Bangladesh is set to beat India in terms of per capita gross domestic product (GDP) in calender year 2020.
In terms of earning, specifically auto and the auto ancillary sector should be watching carefully as it is one of that sector which shows future growth.
RBI Monetary Policy: Following the MPC meeting in August, Governor Shaktikanta Das had projected a negative real GDP growth in FY21.
The World Bank added that it expected growth to return to 5.4 percent in FY22, assuming COVID-19-related restrictions are completely lifted by 2022.
An in-depth analysis of the new debt levels and their impact on our lives.
India seems to have crossed the peak in COVID-19 cases, as per available data, the Finance Ministry's Monthly Economic Report for September said.
Moneycontrol analyses some indicators that have shown substantial improvement since the lockdown months, with some even exceeding 2019 levels.
ICRA cited the continued rise in COVID-19 cases across the country as the reason for the change in GDP forecast.
Sensex and Nifty50 have already rallied by over 50 percent each from the March lows, but a roaring rally post the stimulus measure, if any, is unlikely, say experts.
"If you look at international evidence during times of crises, government spending is really crucial, because both consumption and investment which comes from the private sector, go down,” CEA Krishnamurthy Subramanian said.
Centre weeks away from announcing measures aimed at boosting demand and creating jobs. Plans include an urban job scheme and a massive infrastructure push.
Global gross domestic product in 2020 is expected to be down by 4.5 percent due to the COVID-19 pandemic. According to the Organisation for Economic Cooperation and Development, for countries such as Italy, India, Mexico and the United Kingdom, the projected hit is expected to be especially hard.
Though the government has started reopening the country in a phased manner and the economic activities have started to gather pace, rating agencies still see a major contraction in FY21 GDP growth
The rating agency had a projection of 6.4 percent de-growth in GDP for FY21.
For the Indian economy to gather pace in its economic recovery path and give the requisite boost to demand, it is imperative that marketers take notice of the absence of impulse buying behaviour of consumers and strategise accordingly
Tax breaks may be in the offing for the sector which could do with a boost after a punishing spell during the lockdown
Watch this edition of Big Story to find out why top rating agencies expect a steeper contraction in India's FY21 GDP and how soon they expect a rebound.
The ratio, which is also known as the Warren Buffett indicator, compares the value of all stocks at an aggregate level to the value of the country's total output.
India’s real GDP growth fell to -23.9 percent year-on-year (YoY) in Q2CY20 against 3.1 percent YoY in Q1CY20.