Jun 10, 2021 04:43 PM IST
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.
- Jun 09, 2021 03:29 PM IST
India loses around 5-7 percent of its Gross Domestic Product (GDP) every year due to corrosion, International Zinc Association (IZA) said on Wednesday.
- Jun 07, 2021 04:50 PM IST
Crisil had earlier estimated the GDP to grow by 11 percent in FY22
- Jun 04, 2021 07:29 PM IST
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.
- Jun 04, 2021 07:18 PM IST
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.
- Jun 01, 2021 07:56 PM IST
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.
- Jun 01, 2021 12:52 PM IST
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.
- Jun 01, 2021 11:18 AM IST
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.
- Jun 01, 2021 10:14 AM IST
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.
- May 31, 2021 11:06 PM IST
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.
- May 31, 2021 10:14 PM IST
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.
- May 31, 2021 09:48 PM IST
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.
- May 31, 2021 08:58 PM IST
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.
- May 31, 2021 07:57 PM IST
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.
- May 31, 2021 07:39 PM IST
GFCF is 31.2 percent of gross domestic product (GDP) in 2020-21, compared to 32.5 per cent in the previous year.
- May 31, 2021 07:29 PM IST
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).
- May 31, 2021 07:18 PM IST
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.
- May 31, 2021 06:21 PM IST
The sector had reported a massive contraction of 47.6 percent in the first quarter. I
- May 31, 2021 05:56 PM IST
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.
- May 31, 2021 05:53 PM IST
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
- May 31, 2021 05:33 PM IST
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.
- May 31, 2021 04:30 PM IST
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.
- May 31, 2021 01:38 PM IST
The Centre will release India GDP data for Q4FY21 and full-year FY21 later today. Find out what to look for
- May 31, 2021 11:38 AM IST
Rating agencies and brokerages estimate that the economy may have contracted by 7.5% or thereabouts rather than NSO's estimates of 8% in the January-March 2021.
- May 31, 2021 09:46 AM IST
India GDP Data Highlights: The official data released by the government shows that the country's gross domestic product (GDP) has contracted by 7.3 percent in the financial year 2020-21. In the fourth quarter of FY21, however, a GDP growth of 1.6 percent was recorded. Meanwhile,CEA Krishnamurthy Subramanian said the economic impact of the second COVID-19 wave is not likely to be very large.