Page 4 - Latest Updates on Gross Domestic Product (GDP)
High inflation amid muted GDP forecast could be a party pooper for markets
Given the RBI's projection on inflation, we may not see any further cut rate at least till mid-March 2021. It may also get postponed to next fiscal year
 "High inflation amid muted GDP forecast could be a party pooper for markets")
RBI keeps repo rate unchanged at 4%; maintains accommodative stance
The RBI MPC voted unanimously to keep the key policy rate unchanged
 "RBI keeps repo rate unchanged at 4%; maintains accommodative stance")
Three Facts with AKB: Now, FY21 GDP contraction is nearly certain for India
In order to avoid a negative growth in full FY21, India will need to see real GDP growth of over 15% in each of the two remaining quarters. That may not be possible in the present economic scenario
 "Three Facts with AKB: Now, FY21 GDP contraction is nearly certain for India")
GDP data: Contraction can be ignored, but pre-Covid declining trend irksome
While the country is now technically in a recession with two successive quarters of negative growth, it should not be worrisome as this is the case across the globe with China being the only exception
 "GDP data: Contraction can be ignored, but pre-Covid declining trend irksome")
India's GDP Q2 2020: Economic contraction narrows to 7.5% from 23.9% in Q1
Even if India continues to be in a technical recession, a drop in the rate of GDP contraction signals a revival for the economy after a major plunge in the wake of the coronavirus pandemic
 "India's GDP Q2 2020: Economic contraction narrows to 7.5% from 23.9% in Q1")
Unrealistic to expect manufacturing to be 25% of India's GDP, even by 2030
The decision to stay out of the Regional Comprehensive Economic Partnership has the potential to become in the long term one of the Modi govt's major blunders. T N Ninan explains why
Savings, profits, stocks can't stay high for long amid low income and interest rates
Things that cannot go on forever will not go on forever. There will be a change in the direction of the wind. One must hope it will be slow and calibrated, writes T N Ninan
Two routes to atmanirbharta: Why both China and India are looking inwards
While both have seen a drop in external trade in relation to GDP, the reasons are quite different - in China it is in part a problem of success, in India it points more to failure, writes T N Ninan
Gross domestic misery rising in US: Recovery is bypassing those who need it
Jobs and GDP, by contrast, sort of are the economy. But they aren't the economy's point
 "Gross domestic misery rising in US: Recovery is bypassing those who need it")
Will India's growth potential slip below rates achieved in 1980s and '90s?
The forces causing the growth slowdown and rising inequality were there before Covid-19, and these trends are now getting accentuated, writes T N Ninan
Australia Q2 GDP shrinks at record pace; Covid pushes nation into recession
Fresh outbreaks threaten to upend an already bumpy road to recovery and pile pressure on the government to keep fiscal taps open
 "Australia Q2 GDP shrinks at record pace; Covid pushes nation into recession")
First economic contraction in 4 decades: India's GDP shrinks 23.9% in Q1, FY21
The first economic contraction since 1980, and maiden quarterly GDP fall on record, follows limited activity during the June quarter amid lockdowns to control the spread of the coronavirus pandemic
 "First economic contraction in 4 decades: India's GDP shrinks 23.9% in Q1, FY21")
India lags peers in heading back to the workplace amid coronavirus
Analysis of Google data shows office visits have declined over the last month
 "India lags peers in heading back to the workplace amid coronavirus")
US economy likely suffered historic plunge in Q2; outlook grim due to virus
Federal Reserve Chair Jerome Powell on Wednesday acknowledged the slowdown in activity
 "US economy likely suffered historic plunge in Q2; outlook grim due to virus")
We urgently need new tools to measure economic recovery after coronavirus
The IMF has revised downward its forecast for global economic growth from -3% to -4.9% this year
 "We urgently need new tools to measure economic recovery after coronavirus")
BS READS: Political rhetoric, Chinese money are drowning out India in Nepal
Even as the Nepalese PM theologises on the nationality of Hindu gods, China is outspending India, buying Indian companies and increasing its cultural presence in Nepal
 "BS READS: Political rhetoric, Chinese money are drowning out India in Nepal")
India's debt to hit 87.6% of GDP in FY21; FRBM target only by FY30: Report
India's debt to GDP ratio has increased from Rs 58.8 trillion (67.4 per cent of GDP) in the financial year 2011-12 (FY12) to Rs 146.9 trillion (72.2 per cent)
 "India's debt to hit 87.6% of GDP in FY21; FRBM target only by FY30: Report")
New projects fall over 50% in June as coronavirus lockdown takes hold
Data from the Centre for Monitoring Indian Economy shows full effect of shutdown in June quarter
 "New projects fall over 50% in June as coronavirus lockdown takes hold")
Estimate space sector's share in GDP before allowing pvt sector: Experts
The Indian government should first gather data as to the share of space sector in the country's GDP and resolve conflict of interest issue before framing policies, said industry experts.
 "Estimate space sector's share in GDP before allowing pvt sector: Experts")
India coronavirus dispatch: Poor spending heightens vulnerability to crisis
Mizoram enforces Lockdown 7.0, Hyderabad suspends Covid testing, and stroke, depression, anxi-ety in Covid patients - a roundup of news on how India is dealing with the pandemic
 "India coronavirus dispatch: Poor spending heightens vulnerability to crisis")
