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GDP projected to shrink 7.7% this fiscal: Advanced estimate

Nominal GDP, which is the base for revenue projections in the budget, is expected to contract by 4.2%. 2020-21 The Union Budget had projected nominal GDP growth of 10%.

The 7.7% contraction, if it materialises,would mark India’s worst economic performance since 1961-62, the earliest period for which GDP data is available on the website of the Centre for Monitoring Indian Economy (CMIE).
Updated on Jan 08, 2021 12:38 AM IST
Hindustan Times, New Delhi | ByRoshan Kishore and Rajeev Jayaswal, New Delhi

Ind-Ra revises FY21 GDP contraction to 7.8% on easing pandemic headwinds

Accordingly, it expects 7.8% contraction in 2020-21 as against (-) 11.8% earlier, and GDP to grow by 9.6% in 2021-22, mainly due to the weak base of 2020-21, India Ratings chief economist Devendra Pant said in a report.

The better-than-expected Q2 numbers came in from manufacturing/electricity and other utilities with positive growth numbers, while mining and construction saw significant reduction in contraction.(AP)
Published on Dec 24, 2020 03:03 PM IST
Mumbai | ByPress Trust of India | Posted by Nilavro Ghosh

Are we undercounting India’s women workers?

An HT analysis of per capita worker incomes and per capita incomes in China and India showed that India’s gap with China was much larger when it came to per capita incomes than per worker incomes.

Two government reports suggest that there is significant ambiguity about the number of women workers in the country.(HT File Photo)
Updated on Dec 18, 2020 08:27 AM IST
Hindustan Times, New Delhi | ByRoshan Kishore and Abhishek Jha

FY21 GDP to contract at 7.4% on better recovery: SBI report

Apart from Q3 FY21, the Q4 growth will also be in positive territory (at 1.7 per cent). However, all projections are conditional on the absence of another wave of infections, the report said.

Out of the 41 high frequency leading indicators, 58 per cent are showing acceleration in the third quarter.(AP)
Updated on Dec 16, 2020 03:34 PM IST
Mumbai | ByPress Trust of India | Posted by Shivani Kumar

India’s GDP could rebound to 7.9% in 2021, says OECD

India is expected to rebound to grow 7.9% in 2021 after recording a contraction of 9.9% this year (2020-21 in its case) and expand 4.8% in 2022.

In the case of India, OECD has predicted a marginally steeper contraction than the 9.5% forecast by the RBI in fiscal 2021.(Sanjeev Verma/HT PHOTO (Representative image))
Updated on Dec 02, 2020 05:57 AM IST
Hindustan Times, New Delhi | ByHT Correspondent
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