Tag: Gdp

With GDP Growth At 7-Yr Low, Finmin Sitharaman Says Slowdown Has Bottomed Out

New Delhi: The decline in the economic growth has bottomed out, said the finance ministry on Friday as the GDP growth slowed to a nearly seven-year low of 4.7 per cent in the quarter ending December 2020. The National Statistical Office (NSO) has, however, upwardly revised GDP growth estimates for the first quarter of 2019-20 […]

  • Monday, 19 April 2021
COVID-19 Lockdown beyond May can lower growth to zero, permanent loss of 4% in India's GDP

New Delhi: CRISIL has revised its growth outlook for India in fiscal 2021 down to 1.8 per cent from the earlier estimated 3.5 per cent, factoring the nationwide lockdown in place to flatten the Covid-19 curve. The forecast by the rating agency assumes the effect of the pandemic subsiding materially in the current quarter, besides […]

  • Saturday, 17 April 2021
China's GDP Surges To Record 18.3 Per Cent In Q1

Beijing: China’s economy grew a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base…

  • Friday, 16 April 2021
India GDP Rate Down
India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%

New Delhi: A massive contraction in manufacturing and construction activities pulled India’s GDP growth rate down to 3.1 per cent in the last quarter of 2019-20 from Q3’s 4.1 per cent and 5.7 per cent rise reported for the like period of the previous fiscal. Consequently, India’s FY20 GDP declined to 4.2 per cent from […]

  • Friday, 16 April 2021
RBI Leaves Key Rates Unchanged, Real GDP To Remain Negative

Mumbai: The Reserve Bank of India (RBI) on Thursday said inflation is expected to be at elevated levels during the second quarter, but may ease in the second half of the current fiscal year. Supply chain disruptions persist, resulting in inflation pressures across segments, RBI Governor Shaktikanta Das said while announcing the decisions taken by the […]

  • Wednesday, 14 April 2021
NSO Releases Estimates Of GDP For First Quarter Of 2020-21

New Delhi: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the first quarter (April-June) Q1 of 2020-21, both at Constant (2011-12) and Current Prices, along with the corresponding quarterly estimates of expenditure components of the GDP. GDP at Constant (2011-12) Prices in […]

  • Tuesday, 13 April 2021
Indian Economy Claws Back Faster Than Expected In Q2
Indian Economy Claws Back Faster Than Expected In Q2

New Delhi: India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter […]

  • Friday, 09 April 2021
IMF Projects Indian Economy To Be Fastest-Growing Next Financial Year At 11.5%
IMF Projects Indian Economy To Be Fastest-Growing Next Financial Year At 11.5%

New York: The International Monetary Fund (IMF) projects India’s economy to bounce back by 11.5 per cent in the next financial year, making it the fastest-growing major economy, and attributed it to the effect of easing of lockdown measures last year. The World Economic Outlook (WEO) Update released in Washington last week increased the forecast […]

  • Tuesday, 06 April 2021
Chemical Sector To Grow At 1.2x-1.3x Of GDP Multiplier: Ind-Ra
Chemical Sector To Grow At 1.2x-1.3x Of GDP Multiplier: Ind-Ra

New Delhi: The chemical sector is expected to grow at 1.2x-1.3x of the GDP multiplier in FY22, India Ratings and Research (Ind-Ra) said. Accordingly, the ratings agency has assigned the sector an improving outlook for FY22. It expects favourable market conditions across the broad chemical subsectors, along with a healthy rebound in end-user industries, following […]

  • Friday, 02 April 2021