Page 28 - Gdp Growth

Resilience, recovery and then revival

Much remains uncertain about the Indian economy's future path. How can we grade the government's efforts to prop it up?

The post-lockdown scars

As economic indicators and tax receipts improve, evidence of stress begin to appear too

Statsguru: Rough terrain for states amid slowing economy hit by Covid-19

In FY20, provisional accounts indicate that states' revenue receipts were 12 per cent lower than the Budgeted amount

Real or nominal? Making sense of FM's 'near zero' GDP growth comment

A zero nominal growth rate of GDP would mean the real rate of growth of GDP would be in negative territory.

States cut FY20 capital expenditure by 0.6% of GDP, says RBI study

The cut in capex in FY20 was so big that the rate of capital spending to GDP dropped from the 2018-19 levels for all states

FM Sitharaman sees GDP growth in negative zone or near zero this fiscal

Finance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in negative zone or near zero in the current fiscal

Don't bet just yet on Bangladesh as South Asia's economic champion

Bangladesh might overtake India this year by per capita income in nominal dollars, but it is not yet close to becoming South Asia's economic powerhouse anytime soon. T N Ninan explains why

ICRA revises forecast, pegs India's FY21 GDP contraction at 11% from 9.5%

Ratings agency ICRA has revised its forecast for the contraction in India's FY21 GDP to 11 per cent from its earlier assessment of 9.5 per cent

S&P affirms India's 'BBB-' rating, projects 10% GDP growth in FY22

"The stable outlook reflects our view that India's contraction in fiscal 2021 will be followed by a significant recovery, which will stabilise the country's broader credit profile," said S & P

GDP to contract 8.6% in FY21, fiscal stimulus needed soon: UBS Securities

UBS Securities said it forecasts a GDP contraction of 8.6% in FY21 as against its earlier prediction of 5.8%, citing factors including the modest government response to the crisis for its estimate

Moody's forecasts 11.5% contraction in India's economic growth in FY21

The downward revision in India's forecast for FY21 comes on the heels of a sharp contraction in Indian economy in the April-June 2020 period

Reason for historic decline in GDP is Govt's Gabbar Singh Tax: Rahul Gandhi

Congress leader alleged that the result of NDA's GST is that for the first time, the Central government is unable to give money to States collected through tax

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

Finance Commission to deliberate on GDP growth, GST compensation

N.K. Singh, the Chairman of the 15th Finance Commission, along with the other members, will hold a day-long meeting with the Economic Advisory Council of the commission on Friday

A social contract for economic recovery

The case for cooperation on GST

Core sector output shrinks for fifth straight month in July, down 9.6%

Infra segment, refinery product impacted the most, even as contraction narrows in latest month

At Rs 8.21 trn, April-July fiscal deficit exceeds FY21 budget estimates

With GDP for April-June also in, it can be calculated that fiscal deficit for Q1FY21 was 17.4% of nominal GDP. FM Sitharaman had pegged fiscal deficit for the year at 3.5% of GDP in 2020-21 Budget

Top headlines: Q1FY21 GDP contracts 23.9%; Pranab Mukherjee passes away

Business Standard brings to you a snapshot of stories that made it to the headlines today

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

Sensex tumbles 839 pts on broad-based sell-off; Nifty Bank declines over 3%

All that happened in the markets today