GDP

/Tag: GDP

India may become world’s 3rd largest economy within next decade

2021-01-05T12:59:17+00:00January 1st, 2021|Analysis - India Global Business, India Inc Views - India Global Business|

Though the Covid-19 pandemic will cost India two years of growth, the increased digitisation of the economy and the slew of reforms undertaken by the Modi government will ensure that it overtakes Germany and Japan and crosses the $5-trn GDP mark over the next 7-8 years.

Modi’s fiscal prudence to help Indian economy bounce back this year

2021-01-05T13:03:10+00:00January 1st, 2021|The Big Story - India Global Business|

Most major global agencies expect India to record steroid charged growth in 2021, albeit from a reduced base. The much-criticised measures by the government and the RBI to ensure that the country’s macro-economic indicators remain in good shape are now expected to pay rich dividends.

India’s economic contraction slows as vaccines boost recovery hopes

2020-12-01T15:56:38+00:00December 1st, 2020|India Inc Views - India Global Business, News in Brief|

The contraction of the Indian economy eased off in the three months to September amid signs of a pick up in manufacturing, and economists expect a steady recovery next year if progress on coronavirus vaccines feeds consumer demand.

Indian economy showing broad based signs of recovery

2020-12-02T08:55:06+00:00November 29th, 2020|Analysis - India Global Business, India Inc Views - India Global Business|

Indian auto, consumer durables, FMCG, steel and services sector companies are feeling cautiously optimistic about the future once again. They are stepping up fresh investments, handing out pay hikes and paying the government higher taxes in the form of GST.

Moody’s revises India’s 2020 GDP growth forecast to 10.6 per cent contraction from 11.5 per cent earlier

2020-11-20T05:59:39+00:00November 19th, 2020|India Inc Views - India Global Business, News in Brief|

Moody's on Thursday raised India's gross domestic product (GDP) forecast for 2020 to 10.6 per cent contraction, from an 11.5 per cent contraction projected earlier. It also revised calendar year 2021's GDP upwards to 10.8 per cent compared to the earlier forecast of 10.6 per cent.