‘India’s FY22 GDP expected to grow 10.4%’

India’s gross domestic product (GDP) growth will bounce back to 10.4 per cent year-on-year (YoY) in FY22, primarily driven by the base effect, said India Ratings and Research (Ind-Ra). Continue Reading

India’s economy to recover by 7.3 % this calendar year: UN

The United Nations sees the Indian economy recovering by 7.3 per cent this calendar year after a coronavirus-driven fall of 9.6 per cent last year. Continue Reading

Indian economy contracts for second quarter in a row

India’s gross domestic product in July-September quarter contracted 7.5% on year, data released by the National Statistical Office on Friday showed, compared to a decline of 23.9% in the previous three months. Continue Reading

India’s GDP expected to contract in FY21: ADB

The Asian Development Bank (ADB) on Tuesday projected a 9 per cent contraction of the Indian economy in the financial year 2020-21, revising its outlook within three months as the Covid situation continues. Continue Reading

Indian economy to contract 10.5% in FY21: Fitch Ratings

Fitch Ratings on Tuesday slashed India’s FY21 growth projection to (-) 10.5 per cent, from (-) 5 per cent estimated earlier, saying the continued spread of the virus and imposition of sporadic shutdowns across the country has disrupted economic activity. Continue Reading

‘Indian economy witnessing V-shaped recovery’

Days after India reported a 23.9 per cent contraction in its gross  domestic product (GDP), the Department of Economic Affairs (DEA) in its Monthly Economic Review for August has said that the worst is over now as the Indian economy is going through a V-shaped recovery. Continue Reading