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After IMF, World Bank, UBS trims India growth forecast to 7 per cent

The International Monetary Fund had revised its India growth to 8.2 per cent, down by 0.8 base points from the previous year. The World Bank had also cut its economic growth forecast for India from 8.7 per cent to 8 per cent. 
The UBS has projected India's growth at 7 per cent for the current financial year.(Reuters)
The UBS has projected India's growth at 7 per cent for the current financial year.(Reuters)
Published on Apr 22, 2022 04:29 PM IST
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By | Written by Aryan Prakash

IMF says India must do this to boost GDP growth potential

International Monetary Fund: Earlier this week the IMF lowered its FY23 growth forecast for India to 8.2 per cent from 9 per cent.
India’s economy grew a moderate 5.4% in the October-December quarter, when the country was grappling with the Omicron wave, against 8.5% in the previous quarter, data released by National Statistical Office on Monday indicated. (BLOOMBERG PHOTO.)(HT_PRINT)
India’s economy grew a moderate 5.4% in the October-December quarter, when the country was grappling with the Omicron wave, against 8.5% in the previous quarter, data released by National Statistical Office on Monday indicated. (BLOOMBERG PHOTO.)(HT_PRINT)
Updated on Apr 22, 2022 11:49 AM IST
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India's GDP grows by 5.4% in October-December quarter of 2021-22

The Indian GDP had expanded by 0.7 per cent in the corresponding quarter of the previous financial year.
India’s GDP has grown by 5.4 per cent in the October-December quarter of 2021-22.(Bloomberg file photo. Representative image)
India’s GDP has grown by 5.4 per cent in the October-December quarter of 2021-22.(Bloomberg file photo. Representative image)
Published on Feb 28, 2022 05:57 PM IST
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PTI | , New Delhi

Indian GDP shrunk by 6.6% in FY21

GDP growth in 2019-20 is now pegged at 3.7% instead of 4%. The downward revision in the 2019-20 numbers raises questions on satisfaction over the economy achieving pre-pandemic levels, experts said.
To be sure, GDP in 2020-21 is expected to be slightly higher at <span class='webrupee'>₹</span>135.6 trillion than <span class='webrupee'>₹</span>135.1 trillion in the provisional estimates released in May 2021.(AFP file photo. Representative image)
To be sure, GDP in 2020-21 is expected to be slightly higher at 135.6 trillion than 135.1 trillion in the provisional estimates released in May 2021.(AFP file photo. Representative image)
Updated on Feb 01, 2022 01:25 AM IST
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By, Hindustan Times, New Delhi

Budget to offer more fiscal support to economy amid uncertainty from third wave

While the fiscal deficit could be revised upwards modestly to 7.1 per cent from 6.8 per cent budgeted for in FY22, stronger nominal GDP growth will keep government on the deficit glide path announced in the current budget, Rahul Bajoria, managing director and chief economist at Barclays India, said. 
The government is expected to estimate <span class='webrupee'>₹</span>17.5 lakh crore or 6.5 per cent of GDP in fiscal deficit in FY23.(HT Photo)
The government is expected to estimate 17.5 lakh crore or 6.5 per cent of GDP in fiscal deficit in FY23.(HT Photo)
Published on Jan 14, 2022 09:29 PM IST
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PTI | , New Delhi
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