Page 2 - Latest Updates on Gross Domestic Product (GDP)
Economic Survey 2022 Highlights: Geopolitical risks bubbling up, says PEA
Economic Survey 2022 Highlights: India's FY22 GDP growth is seen at 9.2 per cent and GDP growth for 2023 is projected at 8 per cent to 8.5 per cent, according to reports
 "Economic Survey 2022 Highlights: Geopolitical risks bubbling up, says PEA")
Economic Survey forecasts 8%-8.5% GDP growth for FY23 ahead of Budget
Govt finances to witness consolidation in 2021-22, after uptick in deficit and debt indicators during pandemic year FY21, says Eco Survey
 "Economic Survey forecasts 8%-8.5% GDP growth for FY23 ahead of Budget")
India's GDP may grow 9.2% in FY22: First advance estimates
Advance estimates are released to provide the numbers to the finance ministry to work on the Budget for the next financial year
 "India's GDP may grow 9.2% in FY22: First advance estimates")
Markets on longest winning streak in 10 months, rise seventh day on trot
Gain for 7th day; shrug off worries about rising yields, oil prices
 "Markets on longest winning streak in 10 months, rise seventh day on trot")
RBI keeps rates on hold to support recovery, 'sail towards normal times'
Repo rate and the reverse repo rate remain unchanged at 4% and 3.35%
 "RBI keeps rates on hold to support recovery, 'sail towards normal times'")
The ultimate scarcity: Overall consumption has stagnated over four years
Economic performance is also affected if large numbers of people are out of work, or at such low levels of income as to force under-consumption, writes T N Ninan
RBI must sacrifice inflation aim to aid growth: Ex-Guv Rangarajan
India will miss its fiscal deficit target of 6.8% of GDP by at least 1 percentage point, he said
 "RBI must sacrifice inflation aim to aid growth: Ex-Guv Rangarajan")
30 years after 1991: What we achieved as an economy, and what was possible
India's record has been good, relative to how other countries have done and compared also to its own previous three decades, but well short of what is required and what was possible, writes T N Ninan
Forex has helped avert a currency run, but continuous inflow has its risks
At a time when India is facing stagflation, its forex reserves have helped avert a currency crisis, but there are unintended consequences of accumulating forex. Manojit Saha explains the risks
 "Forex has helped avert a currency run, but continuous inflow has its risks")
Moody's Investors Service pegs India's GDP growth at 9.3% in FY22
The agency estimated India's economic growth at 9.3 per cent in the financial year ending March 2022 and 7.9 per cent in FY23
 "Moody's Investors Service pegs India's GDP growth at 9.3% in FY22")
SBI revises downwards India's FY22 economic growth forecast to 7.9%
As the second wave of Covid-19 and the resultant restrictions again cripple economic activities, the State Bank of India has lowered India's growth outlook for the current financial year
 "SBI revises downwards India's FY22 economic growth forecast to 7.9%")
India's sovereign rating to remain at current level for next 2 years: S&P
The country will see a slightly faster pace of growth in the next couple of years that will support its sovereign rating: S&P
 "India's sovereign rating to remain at current level for next 2 years: S&P")
Covid-19 fallout: Outdated CPI, GDP may have to wait longer for revision
Revision of CPI and GDP base years from 2011-12 and 2012, respectively, was dependent on the outcomes of the consumer expenditure survey of 2017-18, which the govt junked sometime back
 "Covid-19 fallout: Outdated CPI, GDP may have to wait longer for revision")
Second Covid-19 wave heightens downside risks to India's GDP, says S&P
The country is already facing a permanent loss of output versus its pre-pandemic path, suggesting a long-term production deficit equivalent to about 10% of GDP
 "Second Covid-19 wave heightens downside risks to India's GDP, says S&P")
Navy outlines plan to quadruple India's blue economy by the year 2050
Ocean-based trade currently contributes about 4 per cent of India's Gross Domestic Product
 "Navy outlines plan to quadruple India's blue economy by the year 2050")
BS READS: India, Pakistan and the story of lost trading potential
Pakistan's proposal of lifting the ban on cotton and sugar imports from India turned out to be a non-starter. Both countries have a compelling economic case to resume trade ties as soon as possible
 "BS READS: India, Pakistan and the story of lost trading potential")
Economy since 2009: Fact and Fiction?
While many contemporary economists seem to have lost interest in economic history altogether, those born before 1980 have turned most unbecomingly partisan
Retail loan growth will continue to remain far from encouraging for banks
Retail loan growth at 9.1 per cent for February 12 fortnight is the weakest so far; Nifty Bank index is up 60 per cent in six months
 "Retail loan growth will continue to remain far from encouraging for banks")
Finance ministry cracks the whip on insurance companies for ignoring MSMEs
Reluctant insurers have failed to offer the cover especially curated by the ministry following the UK Sinha panel's recommendations
 "Finance ministry cracks the whip on insurance companies for ignoring MSMEs")
Do economic forecasts depend on the nature of the economist?
The forecaster's personality seems to influence the forecast. While some are congenital optimists, others are pessimists. They are like the bulls and bears of economics-econometrics confluence
