Monday, October 18, 2021
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Indian Economy

India’s GDP may grow at 11% in FY22: ADB

In its report, 'Asian Development Outlook (ADO) 2021', the ADB also noted that the recent surge in Covid-19 cases may put this recovery at risk.

Indian economy may clock double-digit growth in 2021

Moody's had bettered India's growth projection for the current fiscal year, which began on April 1, to 13.7 percent as economic activity gathered pace.

Economic recovery resilient despite surging Covid cases: FinMin report

The report noted that India's PMI Manufacturing Index of 55.4 in March indicated some loss of momentum compared to February.

India needs to grow at 11% in next fiscal: Niti Aayog VC Rajiv Kumar

The Niti Aayog Vice-Chairman also noted that the Indian economy is now surging towards a recovery. 

Indian economy looking at ‘V-shaped’ recovery: Thakur

"India is already looking at 'V-shaped' recovery. Along with the green shoots in various sectors, in the month of February, FPI inflows were Rs 25,787 crore," Thakur said.

Indian economy sending out mixed signals

The government must address societal disquiet for the economic recovery to be equitable

Sensex surges 750 points as investors cheer Q3 GDP data

Likewise, the NSE barometer Nifty settled with a gain of 232.40 points or 1.60 per cent at 14,761.55.

Indian economy on track for recovery: S&P

Stating that India needs many things to be right for its recovery to continue, S&P said the country needs to quickly and thoroughly vaccinate most of its 1.4 billion people

Bad bank is good for Indian economy: Prof. K Sreerama Murty

He noted that the idea of a bad bank is to buy bad loans and other illiquid holdings of another financial institution and by transferring such bad loans to bad bank, the original institution can clear its balance sheet.

Indian economy to contract by 7 per cent in FY21: SBI Research

The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers.

Air of optimism

While one can take comfort in IMF’s praise for India’s “very decisive” steps to deal with the pandemic, several challenges need to be overcome

Private sector reviving economy

Recovery could have been much faster if the government has spent more, says an expert.

IMF projects Indian economy to be fastest-growing next financial year at 11.5 per cent

The report, however, expected the gross domestic product (GDP) to dip in 2022-23 fiscal year to 6.8 per cent.

UN expects India’s economy to recover by 7.3% this calendar year

India's GDP growth was forecast to dip in 2022 calendar year to 5.9 per cent, according to the report.

Boost to real estate sector must for economic growth: experts

The subsequent lockdown brought with it several new problems including stopping of construction activities, unavailability of labour, muted sales and tepid buyer sentiment.

Economy likely to contract 7.7 pc in 2020-21: Govt data

In the current fiscal, manufacturing sector is likely to see a contraction 9.4 per cent whereas growth was almost flat at 0.03 per cent in the year-ago period.

Indian economy reviving at unforeseen pace: RBI

The monthly bulletin of the central bank for December said the more evidence has emerged since the last bulletin which shows that the Indian economy is coming out of the Covid-induced slowdown.

AI can help add $957 billion to Indian economy by 2035: Kant

In a session titled ‘Transformation of India with a focus on the entrepreneur ecosystem’ Kant said that India has grown as a technology country.

Indian economy witnessing recovery: Finance Ministry

The decline in the GDP narrowed to 7.5 per cent in the second quarter of this financial year, over 23.9 per cent in April-June quarter

Indian economy to see positive growth in Q4: Niti Aayog

We have now shrugged off the negative impact of the pandemic and are moving towards a sustained high growth trajectory in the coming years, said Niti Aayog Vice-Chairman

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