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Latest Articles in gdp growth

ADB Scales Down India's Economic Growth Forecast For This Fiscal To 10%

The growth forecast for India in fiscal year 2021 (ending in March 2022) was revised down, as the spike in COVID-19 cases during May dented the recovery, the Asian Development Bank (ADB) said in its latest economic outlook.

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The Average Indian family’s income Gone Down; That is The Real economic Indicator: Praveen Chakravarty, Data Analytics Chairman, Congress

Praveen Chakravarty, chairman of Congress' data analytics department, speaks with BW Businessworld on the range of issues that impact Indian economy. He talks about the real yardstick of measuring economic well being which is more about the falling average income and so the distress among the average Indian. He speaks on the untimely monetization of the critical asset and talks about the lack of sound macroeconomic policy for the emerging India. On the welfare, he sights the MGNREGA--and without such scheme, country would have faced riot- like situation.

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RBI Optimistic About 9.5% Growth In FY22; Will Gradually Move To Soften Inflation To 4%: Governor Das

As a result of high inflation, which also breached the 6 per cent band in between, the RBI has been maintaining a status quo on rates for over a year now and calls for higher attention to its core mandate of price rise are growing.

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India To Post Strong GDP Growth In Coming Quarters: S&P

"India's external position is very strong and this is quite supportive of India's sovereign rating despite the fact that we have had this deterioration in fiscal position concurrently,"

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India's GDP Growth Likely Touched A Record In April-June

The August 20-25 Reuters poll of 41 economists confirmed gross home product rose 20.0% in the three-month interval, in contrast with a record contraction of 24.4% in the identical quarter a yr earlier.

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Ind Ra Revises Up FY22 GDP Estimate To 9.4%; Flags Rising Inequality In 'K-shaped' Recovery

The rating agency had earlier expected the economy to grow by 9.1 per cent in a scenario where vaccinating all the adults gets pushed back to March 2022 and 9.6 per cent if the government achieves its target of rendering vaccine doses by December.

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GDP To Expand By Deceptively High 20% In Q1, To Be Lower Than Pre-COVID Levels: Icra

The low base of the last year, when the GDP had contracted by close to 24 per cent, 'conceals' the impact of the second wave of COVID-19 infections.

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RBI Keeps Interest Unchanged

Inflation has breached RBI's upper tolerance limit of 6 per cent in the past two months - a trend that Das termed as transitory and that the economy needed continued support from all sides - fiscal and monetary - to nurture the nascent recovery.

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India's GDP Growth Expected To Be 8.8-9 % In FY22: Care Ratings

The agency said the outlook for the Indian economy on almost all counts in FY22 would look seemingly better than FY21 on account of the negative base effect.

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Indian Economy Showing Signs Of Revival, Says Union Minister Pankaj Chaudhary

"The Indian economy is showing signs of revival since the peaking of second wave in first half of May 2021 on the back of targeted fiscal relief, strong push for capital expenditure, RBI''s monetary policy measures, and a rapid vaccination drive.

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GDP To Grow Double Digits In Q1: Report

The Indian economy will grow in double digits for the April-June period on the low base of 2020-21 but will still be short of the levels observed in the first quarter of FY20, it said.

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Indian Banks Face Systemic Risk, Second COVID Wave To Impair Performance: S&P

The government has also announced a Rs 7,500 crore-credit guarantee scheme for banks' new lending to microfinance borrowers through microfinance institutions.

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We Committed To Agriculture Reform As MSP Monies Are Paid Directly To The Farmers: Sanjeev Sanyal, Principal Economic Adviser

Principal Economic Adviser in the finance ministry Sanjeev Sanyal’s work in chaos theory and his belief that economic growth demands perpetual imbalance may be the right recipe for the Indian economy given its complexity. The government though is very conservative on fiscal balance. He talks to BW Businessworld’s Manish Kumar Jha about fiscal support and its multiplier effect, the bold steps and disruptions in opening the economy further, pushing pending reforms, gyrating out of pandemic-led economic disruptions, and more.

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That Illusive Double Digit Growth-What Will Drive The Indian Economy

As India fends for resources to fight a virus and keep the economy on an even keel, it also looks beyond the pandemic and the targeted $5 trillion GDP. Are the country’s strategies and policy framework on track? BW Businessworld’s Manish Kumar Jha speaks to economists across the political divide for a realistic assessment of the state of the economy

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The Union Government Is Quite Clear about Its Decision To Privatise Several PSEs: Bibek Debroy, Chairman, Economic Advisory Council To the PM

The scale and spread of Covid 2.0 has once again subdued demand, especially in rural India. The economy will obviously need both fiscal and monetary support in greater measures at least to ensure recovery does not falter. To be able to entice more investment into the economy, some extraordinary policy measures will become necessary like reforms in the financial sector, the Railways and defence production, along with a more transparent fiscal deficit target. In a candid chat with BW Businessworld’s Manish Kumar Jha, Chairman of the Economic Advisory Council to the Prime Minister and leading economist, Bibek Debroy, talks of policies that will decide the future course of the Indian economy and that “illusive inclusive growth”.

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