Page 33 - Gdp Growth

'Covid-19 hangs over future like spectre': RBI in Monetary Policy Report

While efforts are being mounted on a war footing to arrest its spread, Covid-19 would impact economic activity in India directly through domestic lockdown, the central bank has said

Goldman Sachs slashes India's FY21 real GDP growth forecast to 1.6%

While the fiscal easing so far has been limited, they do expect more fiscal measures by the central and the state governments.

Covid-19 impact: Indian economy likely to grow 2% in FY21, says Icra

The rating agency said nationwide lockdown announced to contain the coronavirus outbreak has impacted industries

SC to hear PIL seeking declaration of financial emergency after 2 weeks

The plea filed by Centre for Accountability and Systemic Change (CASC) came up for hearing before a bench of Justices L Nageswara Rao and S Abdul Nazeer

Coronavirus impact: Nomura lowers 2020 GDP growth forecast to -0.5%

"We expect growth to slide from 4.7 per cent YoY in Q4CY19 to 3.1 per cent in Q1CY20 and fall to -6.1 per cent in Q2CY20," said Sonal Varma, MD and chief India economist at Nomura.

The Morning After

Policy interventions will have to be intelligent: Striving to create deep, but temporary, safety nets during COVID-19 without generating imbalances and distortions thereafter

Top Headlines: RBI joins coronavirus war, cuts repo rate; EMIs put on hold

Business Standard brings to you the top headlines of the day

Coronavirus impact: GDP likely to fall to a three-decade low, say analysts

Total loss in output is estimated to be around Rs 6 trillion based on estimated GDP at current prices for FY20

Growth in next 2 quarters won't be over 3% due to coronavirus: Pronab Sen

Sen further said that due to the ongoing 21-day shutdown, there may be a reduction of about Rs 5 trillion in gross domestic product

Coronavirus: UBS cuts India's FY21 real GDP growth forecast from 5.1% to 4%

"For the full year, we now expect India's real GDP growth to slow further to 4 per cent year-on-year in FY21 (previously 5.1 per cent)," UBS said in a research note.

Need for non-economic globalisation: Lessons from the Coronavirus pandemic

While the post World War II global order has successfully promoted trade openness and free markets, it has failed on non-economic metrics such as climate change and health

A year of challenges

Bigger companies in general performed better than their smaller peers

Top Headlines: Fitch cuts India growth forecast to 5.1%; Kamal Nath resigns

From Ministry of Coroporate affairs easing attendance rules to US advisory against foreign travel, Here are the top headlines during the day

Covid-19 crushing GDP growth, world moving towards recession: Fitch Ratings

Falling GDP in China is virtually unprecedented and, in the near term at least, these numbers look worse than most previous hypothetical 'hard-landing' scenarios

Coronavirus impact: Fitch cuts India growth forecast to 5.1% for FY21

The difficulties facing the Indian economy have been exacerbated by Yes Bank failure, it said

Collaboration & self-reliance...

...learnings for the automobile industry from the coronavirus emergency

Brokerages slash India Inc's FY21 earnings estimates amid coronavirus scare

Taking into account the current slow economic growth and changes in the prices of commodities, analysts at Nomura estimate 10% and 8% downside risk to FY21 and FY22 consensus' earning estimates

Global spread of coronavirus to significantly slow economic growth: Moody's

The ability of some companies to withstand the effects of the virus will depend on its duration

Moody's cuts India's GDP growth to 5.3% for 2020 over Covid-19 outbreak

Moody's said oil price shock adds to growth and fiscal pressures for exposed sovereigns.

Coronavirus pandemic could shave off 0.5% of India's GDP: CARE survey

Majority respondents who believe that the RBI will reduce the repo rate, expect a cut between 25 and 50 bps either before or in April 2020