GDP

/Tag: GDP

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.

India’s stimulus 3.0 supportive for growth, fiscal impact unclear: Fitch Solutions

2020-12-11T06:06:11+00:00November 16th, 2020|India Inc Views - India Global Business, News in Brief|

Fitch Solutions said the schemes recently announced by the Centre to boost the employment, credit and manufacturing sectors would be supportive to India's economic rebound over the coming quarters, however, the actual impact on public finances is difficult to ascertain. "While many of these schemes should be supportive to India's economic rebound over the coming quarters, the actual impact on public finances is difficult to ascertain. For example, the PLIs (Production-Linked Incentive) will span across a five-year period and their [...]

Modi’s reforms, future growth sets off mother of all bull runs in India

2021-02-04T14:15:01+00:00November 4th, 2020|Analysis - India Global Business, India Inc Views - India Global Business|

Investors are looking past the immediate numbers and liking what they see. The Modi government’s far-reaching reforms promise to buoy demand and GDP growth in the coming years. So, the early birds are swooping in to book their pieces of the pie.

Stimulus 3.0 should zone in on direct income support and infrastructure spend

2020-10-28T15:00:18+00:00October 28th, 2020|Analysis - India Global Business, India Inc Views - India Global Business|

In order to ensure that bounce in market demand does not peter out soon, despite rising sales, the government’s introduction of Stimulus 3.0 could be loaded with sound economic rationale and should go a long way in sustaining consumption, demand and growth.

Modi’s reforms, future growth prospects set off mother of all bull runs in India

2020-12-07T15:33:07+00:00October 17th, 2020|Guest Columns - India Global Business, Insight - India Global Business|

Investors are looking past the immediate numbers and liking what they see. The Modi government’s far-reaching reforms promise to buoy demand and GDP growth in the coming years. So, the early birds are swooping in to book their pieces of the pie.

India’s growth rates likely to rebound quite strongly next year

2020-09-10T13:21:01+00:00September 10th, 2020|Guest Columns - India Global Business, Insight - India Global Business|

Leading global investment bank Goldman Sachs has projected a more than 15 per cent GDP expansion for India in the next fiscal. And strong farm sector growth and rising rural prosperity could temper the blow of the massive economic contraction in the first quarter of the current fiscal.

Indian economy doomsday predictions are highly overstated

2020-12-11T14:40:49+00:00September 2nd, 2020|In Focus: Covid-19 impact, India Inc Views - India Global Business|

The headline figures for the Indian economy give a somewhat pessimistic outlook. But with several indicators and sectors showing signs of a rebound as the country opens up once again and with rural India, which accounts for almost half of India’s $3-trillion economy, set to boom this year, the negative impact of the Covid-19-induced slowdown will be largely tempered.

Green shoots of growth in India could prove doomsayers wrong on economic contraction

2020-07-03T12:03:46+00:00June 29th, 2020|Editorials - India Global Business|

Freight movement, electricity and oil consumption are all showing signs of increasing demand. Unemployment is also falling. Coupled with an expected boom in the rural economy, which supports 70 per cent of India’s population, these could substantially temper or even negate the contraction of the economy in the first quarter of this financial year.