Page 30 - Gdp Growth

From most optimistic to pessimistic: Here're FY21 GDP growth projections

The most pessimist one projects it at 25%

Restarting the growth engine

Restarting is easy but a full-speed drive is still some time away

Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey

While not affirming new timelines for the simplified returns forms, Pandey says invoice matching is already happening at the back-end and quarterly payments are allowed for small taxpayers.

India's GDP likely to contract by 6.4% in FY21, says Care Ratings

The rating agency, in May, had projected a decline in GDP growth of 1.5-1.6 per cent in FY21.

April-May fiscal deficit at 58.6% of fiscal year target as revenue slumps

Total revenue was Rs 45,498 crore, or 2 per cent of the budgeted estimate of Rs 22.46 trillion, compared to 7.1 per cent for the same period last year.

Goa likely to see steepest contraction in economy in 2020-21, shows data

India Ratings and Research expects the gross state domestic product (GSDP) of all states in India to contract in FY21

India GDP could contract 5.3% due to coronavirus 'disorder': India Ratings

Pandemic disrupted production, broke supply chains 'washed out of activities' in key sectors: Ratings agency.

At 4.6% of GDP, last year's fiscal deficit breached FRBM Act escape clause

The total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of revised estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year.

Financial stability needed even if fiscal deficit rises: CII chief Kotak

The CII president is not in favour of waiver of interest by banks during the moratorium period

Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds

Collections may come under pressure once the base effect wears off

Fitch Ratings, CRISIL, SBI Research see India economy shrinking in FY21

CRISIL said it expected the current quarter's GDP to shrink 25 per cent year on year.

Downgrade of India's sovereign rating by Moody's not surprising: SBI report

India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.

Financing revival through household gold

The expansion of base money through household gold will have a negative wealth effect on households, besides attracting a hidden tax or seigniorage

India retains position of 3rd-largest economy on PPP basis for 2017

PPP of the rupee per dollar at GDP level rose to 20.65 in 2017 from 15.55 in 2011, while the exchange rate of a dollar to a rupee rose to 65.12 from 46.67 during the period

India's medium term fiscal outlook key for rating action: Thomas Rookmaaker

Fitch Ratings expect India's economic activity to contract by 5% in FY21 due to the strict lockdown measures imposed, before rebounding by 9.5% in FY22

Economy is picking up, says FinMin as it gives out select indicators

This comes even as the April-June quarter, and the 2020-21 fiscal year are headed for a contraction, with some estimates pegging GDP contraction for the year to be as high as 6%

The question of structural growth

As global investors rethink their India exposure, they should focus on the economy's long-term direction

Morgan Stanley economists double down on V-shape global recovery

The economists said they expect global GDP growth will trough at -8.6 per cent year on year in the second quarter

GDP contraction poses threat to MSMEs, govt support of little help: Report

The contraction may also lead to a 15% fall in corporate India's revenues

Beyond alliteration: The PM's knack for wordplay, and economic realities

Anyone can string together alliterative words, but are they a substitute for serious thought and coherent action? Real economics involves choices, or every day would be Christmas, writes T N Ninan