IMF Division Chief Daniel Leigh Reposes Faith In Indian Economy, Says Country Remains A 'Bright Spot'
IMF on Tuesday lowered its growth projection for 2023-24 to 5.9 per cent from 6.1 per cent earlier but despite a significant drop, India continues to be the fastest-growing economy in the world, the World Economic Outlook figures revealed.
Apr 12, 2023, 08:04 AM IST
India registers 6.3% slow GDP growth for Q2: Govt data
The country`s gross domestic product (GDP) for the April-June quarter (Q1) of the ongoing financial year 2022-23 rose 13.5 per cent, as per provisional estimates released by National Statistical Office (NSO) on August 31, 2022.
Nov 30, 2022, 15:07 PM IST
S&P cuts India's growth forecast to 7% for FY23
S&P had in September projected the Indian economy to grow 7.3 per cent in 2022-23 and 6.5 per cent in next fiscal year (2023-24).
Nov 28, 2022, 12:47 PM IST
India's FY22 GDP expected to grow at 10-10.5%: Brickwork Ratings
According to the ratings agency, Q2FY22 GDP is expected to grow at 8.3 per cent year-on-year on the back of a faster-than-expected revival in economic activities as well as a decline in new Covid cases, leading to sustained improvement in growth prospects.
India looks at close to double digit growth this year: FM Nirmala Sitharaman
The minister also emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.
Oct 13, 2021, 12:30 PM IST
Indian economy picking pace again, says PM Modi at CII meeting
Addressing industry chamber CII's meeting, the PM said that the government stands by industry.
Aug 11, 2021, 17:49 PM IST
ADB lowers India's economic growth forecast for this fiscal to 10%
India's GDP growth recovered to 1.6 per cent in the last quarter of fiscal year ended March 2021, narrowing contraction in the whole fiscal year from 8 per cent estimated in April to a revised 7.3 per cent, the multilateral funding agency said in the Asian Development Outlook (ADO) Supplement.
Jul 20, 2021, 10:38 AM IST
Moody's cuts India growth forecast for 2021 to 9.6%
Earlier this month, Moody's had projected India to clock a 9.3 per cent growth in the current fiscal ending March 2022, but a severe second COVID wave has increased risks to India's credit profile and rated entities.
Jun 23, 2021, 14:56 PM IST
Second wave of COVID-19 rendered 22.7 million Indians jobless: Mahesh Vyas
Earlier this week it was reported that around 97 per cent of households' incomes have declined since the beginning of the COVID pandemic last year.
Jun 02, 2021, 14:46 PM IST
Indian economy to contract by only 3.8% in June quarter as compared with March: Nomura
The brokerage said vaccinations are trailing at present, but the pace of inoculation will pick up after June as its analysis indicates increased supply.
May 20, 2021, 15:02 PM IST
India's GDP to grow 7.5% in 2021, outlook fragile: UN
The surging Covid-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy, said the World Economic Situation and Prospects report.
May 12, 2021, 12:40 PM IST
Second COVID wave could crimp India's long-term growth: Moody's
India`s COVID-19 crisis showed little sign of easing on Tuesday, with a seven-day average of new cases at a record high and international health authorities warning the country`s variant of the virus poses a global concern.
May 12, 2021, 08:05 AM IST
Economic activity down in April, May but shock less severe than 2020: Fitch
India is facing the world's worst outbreak of COVID-19 cases with more than 3 lakh new daily COVID-19 cases being reported for two weeks now and the new cases reached more than 4 lakh new daily cases over the weekend.
May 10, 2021, 13:55 PM IST
S&P forecasts 11% growth for India this fiscal, flags 'substantial' impact of broader lockdowns
In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy. New infections have spiked in recent weeks and the country is in the middle of a second pandemic wave.
Apr 22, 2021, 15:32 PM IST
IMF projects India's growth rate to jump to impressive 12.5% in 2021
The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9 per cent in 2022.
Apr 07, 2021, 09:36 AM IST
Economic growth won’t be hit by second wave of COVID-19 infections: RBI Governor Shaktikanta Das
The RBI governor's assurance assumes significance amid apprehensions about surging new COVID-19 infections and resultant lockdowns being clamped in many cities.
Mar 25, 2021, 13:05 PM IST
Fitch revises India GDP growth to 12.8% for FY22
In its latest Global Economic Outlook (GEO), Fitch said revision is on the back of "a stronger carryover effect, a looser fiscal stance and better virus containment."
Mar 25, 2021, 12:07 PM IST
Moody's ups FY'21 India growth forecast to -10.6%; says stimulus to boost manufacturing, jobs
Moody's forecasts government debt to increase to 89.3 percent of GDP in fiscal 2020 and decline to 87.5 percent in fiscal 2021, from 72.2 percent in fiscal 2019. According to Moody's fiscal deficit would reach around 12 percent of GDP, with some upside risk, in fiscal 2020 and narrowing to about 7 percent of GDP over the medium term, still above the deficit of 6.5 percent of GDP in 2019.
Nov 19, 2020, 14:56 PM IST
PM Modi turns 70: Here are his 5 landmark economic policies that changed the life of ordinary Indians
Prime Minister Narendra Modi turned 70 on Thursday.
Sep 17, 2020, 10:40 AM IST
Moody's projects Indian economy to contract 11.5% this fiscal
For 2021-22, it projected the economy to clock a growth of 10.6 per cent.
Sep 11, 2020, 17:59 PM IST