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Latest Articles in gdp growth

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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Icra Projects GDP Growth At 8.5 % In FY2022

The country's GDP contracted by 7.3 per cent. Last week, the Reserve Bank of India (RBI) had projected real GDP growth at 9.5 per cent in 2021-22.

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Virus Disaster Leaves Deep Scars On Economy

Some observers also fear the psychological blow from the virus disaster that ripped through India this year killing tens of thousands of people will leave consumer reluctant to spend.

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SBI Economists Cut FY22 GDP Growth Estimate To 7.9%; Recovery To Be 'W-Shaped'

The RBI has maintained its growth estimate at 10.5 per cent, despite the emergence of the second wave and may have a relook at the number at this week's policy review.

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India’s Government Is Big, And Bulging. Governance Suffers

In a global economic setting where both capital and jobs migrate, the reward for good governance is greater than ever before. Penalty is equally severe.

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Rupee Pares Losses To Close Flat At 73.34 On Dollar Sale By Exporters

The rupee later cut losses and finally ended at 73.34, registering a rise of 1 paisa over its previous close of 73.35 against the US dollar.

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Nomura Cuts FY22 Growth Estimate To 10.8% Due To Lockdowns

The RBI estimates the economy to expand by 10.5 per cent in FY22 because of the base effect, while some analysts have warned that the growth may come down to as low at 8.2 per cent if the second wave peaks in June.

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India's Sovereign Rating To Remain At Current Level For Next 2 Years: S&P

Fitch projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022, moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 2020-21.

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Credit Suisse Cuts FY22 GDP Forecast To 8.5-9 %

Credit Suisse expects a GDP impact of 100-150 basis points, even though considers the second wave is much more intense than the first in terms of daily cases and deaths, yet the economic impact is lower.

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S&P Slashes India's GDP Growth Forecast To 9.8 Pc For This Fiscal

The US-based rating agency in March had a 11 per cent GDP growth forecast for India for the April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus.

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