Page 32 - Gdp Growth

GDP data: Yet another huge knock for Modi govt's economic growth story

India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline

Q4 GDP data released today: Key things to note

India's gross domestic product for the fourth quarter of the financial year 2020 grew at 3.1 per cent, its slowest pace in at least two years

Covid-19 lockdown: FY21 GDP growth rate forecasts pose a big worry

However on the extreme ends, Bernstein pegged fall in the gross domestic product (GDP) at 7 per cent and Asian Development Bank projected GDP growth at 4 per cent

India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20

The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent

Sooner than later, govt will accept our suggestions on economy: Chidambaram

A stubborn government has no choice and must listen to experience and wise counsel, says Chidambaram

Last rate cut for now but there're more bullets in RBI's chamber

Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.

Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg

He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances

Lockdown 3.0, global tension rattle markets; Sensex, Nifty crash nearly 6%

The Sensex closed at 31,715, down 2,002 points, or 5.94 per cent - its biggest single-day loss since March 16.

Top biz headlines: India Inc plays safe, IT clients fear data leak and more

Here are the top 10 business headlines this morning

Lockdown extension beyond May can lower growth to zero, says CRISIL

The sharp deceleration in growth and increased income uncertainty is certain to pull demand down, it says

India Inc may see 15% fall in profits in FY21, 10% revenue decline: Crisil

At present, the country is under a 40-day lockdown till May 3, and there are indications of it being gradually withdrawn.

GDP likely to grow at 1.9% if lockdown is lifted in mid-May: India Ratings

Meanwhile, CRISIL has cut estimates of India's FY21 economic growth rate to 1.8% from earlier 3.5%

Fitch Ratings sees India growth dipping to 0.8% in FY21 from estimated 4.9%

The rating agency predicted two consecutive quarters of contraction or negative year-on-year growth in current fiscal -- (-)0.2 per cent in April-June and (-)0.1 per cent in July-September

HFCs: Home alone

'The burden of unsold inventory of over half a million housing units in the top 7 cities will worsen due to impact of the pandemic. Business process re-engineering will hold the key to the future'

Existing investors must book partial profits in gold to cut portfolio risks

New ones should build their allocation gradually upon corrections

Coronavirus outbreak: India Inc asks RBI for one-time loan recast

Analysts have already predicted that due to the lockdown, India's economic loss will be close to $ 234.4 billion or 8.1% of GDP

Carry forward structural economic reforms

Tackling Covid-19 should open the door for urgent economy-wide reforms

Corporate India braces for $26-bn a week loss amid coronavirus outbreak

Nation may lose close to over $5 bn due to lockdown, says Ficci

Covid-19 lockdown: May take two or three quarters for normalcy to return

We need to get used to the "new normal" now and calibrate our expectations accordingly

Economy needs more govt support

Lockdown was a brave decision. Now, policy-making requires a similar display of boldness