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  • Interview | Govt should consider some form of direct income support in order to spur consumer sentiment and demand, says Assocham India's President Vineet Agarwal Jul 20, 2021 08:45 PM IST

    Interview | Govt should consider some form of direct income support in order to spur consumer sentiment and demand, says Assocham India's President Vineet Agarwal

    The Assocham president said that despite the outbreak of the second wave of COVID-19 and lockdowns across the country the association expects India's GDP to grow 9 to 10 percent in 2021-22.

  • Thirty years of liberalisation: Reforms lifted GDP growth but didn’t create enough jobs Jul 06, 2021 09:56 AM IST

    Thirty years of liberalisation: Reforms lifted GDP growth but didn’t create enough jobs

    Overall growth in jobs has been coming down in every decade since liberalisation. The KLEMS database shows that total employment in 2017-18 was lower than in 2011-12

  • COVID-19 | India Ratings cuts GDP growth forecast to 9.6 percent for FY22 Jun 25, 2021 02:38 PM IST

    COVID-19 | India Ratings cuts GDP growth forecast to 9.6 percent for FY22

    India Ratings expects agricultural growth to come in at 3.0 percent in 2021-22, while the industrial sector is expected to grow at 10.9% percent on year.

  • FY22 GDP growth projected at 8.5%: ICRA Jun 10, 2021 04:43 PM IST

    FY22 GDP growth projected at 8.5%: ICRA

    ICRA had earlier estimated the GDP to grow at 10-11 percent rate; however, it had later revised it down to 10-10.5 percent for FY22.

  • India loses 5-7% of GDP due to corrosion: International Zinc Association Jun 09, 2021 03:29 PM IST

    India loses 5-7% of GDP due to corrosion: International Zinc Association

    India loses around 5-7 percent of its Gross Domestic Product (GDP) every year due to corrosion, International Zinc Association (IZA) said on Wednesday.

  • Crisil revises down India's GDP growth forecast to 9.5% in FY22 Jun 07, 2021 04:50 PM IST

    Crisil revises down India's GDP growth forecast to 9.5% in FY22

    Crisil had earlier estimated the GDP to grow by 11 percent in FY22

  • EXCLUSIVE | Surprised at RBI cutting estimates, still see double-digit growth: Niti Aayog's Rajiv Kumar Jun 04, 2021 07:29 PM IST

    EXCLUSIVE | Surprised at RBI cutting estimates, still see double-digit growth: Niti Aayog's Rajiv Kumar

    In an interview with Moneycontrol, Kumar said that a fiscal stimulus is needed to 'revive animal spirits' of the economy, but added that direct income support would not be the way to do it. “You might see that in the third quarter, people who have reduced their estimates today will be revising them upwards again,” he said.

  • Consumer confidence fell to a new all-time low in May, shows RBI survey Jun 04, 2021 07:18 PM IST

    Consumer confidence fell to a new all-time low in May, shows RBI survey

    Headline consumer price index (CPI) inflation is expected at five percent during the first two quarters of FY22 and to moderate thereafter to 4.4 percent in Q3FY22.

  • 5 factors that led to a rise of corporate profit to GDP ratio to a 10-year high Jun 01, 2021 07:56 PM IST

    5 factors that led to a rise of corporate profit to GDP ratio to a 10-year high

    The share of corporate profit in India’s gross domestic product (GDP) hit a 10-year high of 2.69% in the last financial year.

  • SBI economists cut FY22 GDP growth estimate to 7.9%; recovery to be 'W-shaped' Jun 01, 2021 12:52 PM IST

    SBI economists cut FY22 GDP growth estimate to 7.9%; recovery to be 'W-shaped'

    The economists at the state-run lender seemed to attribute the impact of the second wave of COVID-19 infections as a key factor for the revision in the growth estimate, and pitched for faster vaccination.

  • Moody's pegs India GDP growth at 9.3% in FY22 Jun 01, 2021 11:18 AM IST

    Moody's pegs India GDP growth at 9.3% in FY22

    Moody's, which has a 'Baa3' rating on India with a negative outlook, said it expects a decline in economic activity in the June quarter due to reimposition of lockdown measures along with behavioural changes on fear of contagion.

  • Can better than expected FY21 GDP numbers boost market's mood? These sectors to come in focus Jun 01, 2021 10:14 AM IST

    Can better than expected FY21 GDP numbers boost market's mood? These sectors to come in focus

    Gaurav Garg of CapitalVia Global Research believes the market has already factored in current economic conditions and might take the GDP data as a non-event.

  • GDP data: Looking ahead, pace of vaccination key to minimising COVID impact on economy May 31, 2021 11:06 PM IST

    GDP data: Looking ahead, pace of vaccination key to minimising COVID impact on economy

    Chief Economic Advisor Subramanian added that the overall impact of the second wave of Covid-19 is unlikely to be significant, although there is uncertainty over possible double-digit growth in the current financial year.

  • India GDP data | A look at the sectors that aided growth and those that dented it May 31, 2021 10:14 PM IST

    India GDP data | A look at the sectors that aided growth and those that dented it

    India's economy recorded a growth of 1.6 percent in the fourth quarter indicating that the economy was in a revival mode before the second wave of the COVID struck the country.

  • Here's how India's GDP growth compares with the rest of the world May 31, 2021 09:48 PM IST

    Here's how India's GDP growth compares with the rest of the world

    India’s GDP contraction is better compared to that forecasted amid the pandemic and its devastating impact. Check out how India performs among its fellow economies.

  • GDP data: Per capita income and consumption expenditure fall to 2018-19 levels May 31, 2021 08:58 PM IST

    GDP data: Per capita income and consumption expenditure fall to 2018-19 levels

    The national accounts data show that the per capita income at current prices, also known as per capita net national income (NNI), for 2020-21 at Rs 1,28,829 was just a shade above the levels estimated for 2018-19.

  • Q4 GDP | Some numbers look pretty, but a rebound from the second wave could be several months away May 31, 2021 07:57 PM IST

    Q4 GDP | Some numbers look pretty, but a rebound from the second wave could be several months away

    India GDP: India’s ability to bounce back from the impact of the second Covid-19 wave will depend mainly on one factor: the pace of vaccination.

  • India GDP data | Gross fixed capital formation rate sees decline in 2020-21 May 31, 2021 07:39 PM IST

    India GDP data | Gross fixed capital formation rate sees decline in 2020-21

    GFCF is 31.2 percent of gross domestic product (GDP) in 2020-21, compared to 32.5 per cent in the previous year.

  • GDP Data: Numbers better than expected, but experts say vaccination pace key to consumption growth May 31, 2021 07:29 PM IST

    GDP Data: Numbers better than expected, but experts say vaccination pace key to consumption growth

    For the full financial year (FY21), the gross domestic product (GDP) growth contracted 7.3 percent. But it grew 1.6 percent in the fourth quarter (January-March) of the financial year (FY21).

  • India GDP data | Real estate sector contracts due to COVID-19 impact in FY21 May 31, 2021 07:18 PM IST

    India GDP data | Real estate sector contracts due to COVID-19 impact in FY21

    The construction sector saw a 14.5 percent growth in Q4 on a year-on-year basis. This reflects a significant proportion of the government's investment in infrastructure projects. The financial, real estate and professional services sector saw a growth of 5.4 percent in Q4 on a year-on-year basis.

  • India GDP data | Trade, hotel and transport slump 18.2% for full year, contract 2.3% in Q4FY21 May 31, 2021 06:21 PM IST

    India GDP data | Trade, hotel and transport slump 18.2% for full year, contract 2.3% in Q4FY21

    The sector had reported a massive contraction of 47.6 percent in the first quarter. I

  • India FY21 GDP data: Major decline in private consumption even as government spending grows May 31, 2021 05:56 PM IST

    India FY21 GDP data: Major decline in private consumption even as government spending grows

    Household consumption fell by a significant 9.1 percent in FY21 as compared to a 5.5 percent rise in FY20. However, public expenditure by the government rose 2.91 percent in FY21, much slower than the 7.88 percent rise seen in FY20.

  • India GDP data: Manufacturing sector back in positive terrain in Q4FY21 May 31, 2021 05:53 PM IST

    India GDP data: Manufacturing sector back in positive terrain in Q4FY21

    India GDP data for FY21: While manufacturing sector posted recovery in the fourth quarter of FY21, it contracted 7.2 percent on an annual basis

  • India FY21 GDP contracts 7.3%, much improved than govt's own forecasts May 31, 2021 05:33 PM IST

    India FY21 GDP contracts 7.3%, much improved than govt's own forecasts

    The 2020-21 GDP contraction is much better than the forecasts of the Reserve Bank of India and the Ministry of Statistics and Programme Implementation, both of which had expected GDP for the full year to contract by 8 percent.

  • Real estate sector to cross $1 trillion by 2030: Housing Secretary May 31, 2021 04:30 PM IST

    Real estate sector to cross $1 trillion by 2030: Housing Secretary

    Housing Secretary Durga Shanker Mishra said the sector is also very important from the point of view of employment and highlighted that out of 50 crore jobs, real estate provides 5.5 crore employment opportunities.

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