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Moody’s said the targeted nature of containment measures instead of a nationwide lockdown and rapid progress on vaccinating the population will mitigate the credit-negative impact.(Bloomberg)

India's second wave of coronavirus poses credit-negative threat: Moody's

Reuters | , Bengaluru
PUBLISHED ON APR 13, 2021 04:37 PM IST
India's gross domestic product is still likely to grow in the double digits in 2021 given the low level of activity in 2020, Moody's said.
Sparks fly up as a worker produces engineering equipment for export at a factory in Nantong in China's eastern Jiangsu province. (AFP)
Sparks fly up as a worker produces engineering equipment for export at a factory in Nantong in China's eastern Jiangsu province. (AFP)

Economic recovery still shallow, a month's lockdown can dent GDP by 2%: Report

PTI | | Posted by Prashasti Singh, Mumbai
PUBLISHED ON APR 06, 2021 07:06 PM IST
Analysts at BofA Securities said there has been a six-times increase in the number of infections to over 1.03 lakh, and state governments have responded with localised lockdowns till now.
Going forward, the main risks to the outlook include the materialisation of financial sector risks, which could hit a recovery in private investment, and a new Covid wave, said World Bank.(Bloomberg)
Going forward, the main risks to the outlook include the materialisation of financial sector risks, which could hit a recovery in private investment, and a new Covid wave, said World Bank.(Bloomberg)

World Bank raises India’s GDP growth forecast to 10% in FY22

By Yashwant Raj, Washington
PUBLISHED ON APR 01, 2021 03:09 AM IST
WB expects the GDP to contract by 8.5% in FY21, higher than govt’s estimate of 8%
The bad growth performance in 2020-21 is largely on account of the 68-day long hard lockdown which was imposed on March 25 2020 to prevent the spread of Covid-19 infections.(HT Photo)
The bad growth performance in 2020-21 is largely on account of the 68-day long hard lockdown which was imposed on March 25 2020 to prevent the spread of Covid-19 infections.(HT Photo)

Fiscal year 2020-21: A macroeconomic review

By Roshan Kishore, New Delhi
PUBLISHED ON MAR 31, 2021 02:12 AM IST
What was 2020-21 like for the Indian economy beyond the quarterly improvement from a 24% GDP contraction in the first quarter to a 0.4% growth in the third quarter of the year? Here are four charts that explain this.
The IMF is scheduled to release its World Economic Outlook on April 6. (File Photo )
The IMF is scheduled to release its World Economic Outlook on April 6. (File Photo )

India's economy on path of gradual recovery: IMF

PTI | , Washington
PUBLISHED ON MAR 26, 2021 07:56 AM IST
“India's economy is on the path of gradual recovery, real GDP growth, return to positive territory in fourth quarter of 2020," IMF’s spokesperson Gerry Rice said.
The recovery in GST collections reflects the larger revival in the economy.(PTI)
The recovery in GST collections reflects the larger revival in the economy.(PTI)

Record GST collections expected in March, set to hit 1.30 lakh crore

By Rajeev Jayaswal, New Delhi
UPDATED ON MAR 09, 2021 05:37 AM IST
  • The revenue in March may cross the record Rs.1,19,875 crore collected in January by at least Rs.10,000 crore.
Indian economy grows by 0.4% in October-December 2020: Govt data(AP)
Indian economy grows by 0.4% in October-December 2020: Govt data(AP)

Indian economy grows by 0.4% in October-December 2020: Govt data

By hindustantimes.com, New Delhi
UPDATED ON FEB 26, 2021 06:20 PM IST
Indian economy grows by 0.4 pc in October-December 2020: Govt data
India’s GDP contracted by 23.9 per cent year-on-year in the April-June quarter, following the economic impact of the nationwide lockdown measures, which were in place from late March until a phased lifting of restrictions began in June.(Bloomberg file photo. Representative image)
India’s GDP contracted by 23.9 per cent year-on-year in the April-June quarter, following the economic impact of the nationwide lockdown measures, which were in place from late March until a phased lifting of restrictions began in June.(Bloomberg file photo. Representative image)

India's GDP may turn positive at 1.3% in Dec quarter: Report

PTI | , New Delhi
PUBLISHED ON FEB 23, 2021 07:40 PM IST
The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday.
Statistics Canada or StatCan stated that real GDP dropped 11.6 per cent in April after a decline of 7.5 per cent in March. (AFP photo)
Statistics Canada or StatCan stated that real GDP dropped 11.6 per cent in April after a decline of 7.5 per cent in March. (AFP photo)

GDP to be in growth territory in December quarter, says report

PTI | , Mumbai
UPDATED ON FEB 16, 2021 07:16 PM IST
Private consumption and government spending will help the economy post a turnaround during the December quarter and the GDP will grow 0.7 per cent, Icra Ratings said in a report on Tuesday.
People wearing protective masks look up at the Bombay Stock Exchange (BSE) building in Mumbai, India, on Thursday, Jan. 21, 2021. (Bloomberg)
People wearing protective masks look up at the Bombay Stock Exchange (BSE) building in Mumbai, India, on Thursday, Jan. 21, 2021. (Bloomberg)

Four charts on the state of the Indian economy

By Roshan Kishore, New Delhi
UPDATED ON FEB 08, 2021 04:38 AM IST
  • While the MPC has projected real GDP growth at 10.5% in 2021-22, the Budget assumes nominal growth of 14.4%. What exactly is the state of the Indian economy?
Prime Minister Narendra Modi. (PTI)
Prime Minister Narendra Modi. (PTI)

News updates from HT: Use facts against farm laws' misconceptions, says PM Modi

By hindustantimes.com, New Delhi
PUBLISHED ON JAN 30, 2021 08:55 PM IST
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Prime Minister Narendra Modi’s administration is under pressure to shore up economic growth after the pandemic resulted in widespread job losses and pushed millions into poverty due to one of world’s strictest lockdown.(AFP | Representational image)
Prime Minister Narendra Modi’s administration is under pressure to shore up economic growth after the pandemic resulted in widespread job losses and pushed millions into poverty due to one of world’s strictest lockdown.(AFP | Representational image)

India said to forecast 11% growth buoyed by Covid-19 vaccine roll out

Bloomberg |
PUBLISHED ON JAN 28, 2021 09:39 PM IST
The forecast for next year is in line with the International Monetary Fund’s estimate for 11.5% expansion, which will once again make India the fastest-growing major economy in the world ahead of China’s 8.1% pace.
Workers stitch garments at a factory of an apparel shop in Jaipur.(REUTERS)
Workers stitch garments at a factory of an apparel shop in Jaipur.(REUTERS)

Govt may need to peg deficit at 7% of GDP

By Rajeev Jayaswal, Hindustan Times, New Delhi
UPDATED ON JAN 27, 2021 08:45 AM IST
  • The government on February 1, 2020 used the trigger mechanism of the FRBM Act to deviate from the fiscal deficit road map by 0.5% for 2019-20 and 2020-21 (3.8% and 3.5% respectively) in order to boost the economy.
T organisations might find it difficult to fill these niche roles which calls for upskilling the employee skill sets through certification programmes(Bloomberg File)
T organisations might find it difficult to fill these niche roles which calls for upskilling the employee skill sets through certification programmes(Bloomberg File)

Investment in upskilling can boost global GDP by $ 6.5 trillion by 2030: Report

PTI |
PUBLISHED ON JAN 25, 2021 12:48 PM IST
Country-wise, India has the second highest additional employment potential at about 23 lakh, after the US at close to 27 lakh, but much more than 17 lakh for China
In 2021, Jalan predicted a reverse of 2020 — still a tale of two halves, but with the first half seeing the bulk of capital markets activity.(Anshuman Poyrekar/HT Photo)
In 2021, Jalan predicted a reverse of 2020 — still a tale of two halves, but with the first half seeing the bulk of capital markets activity.(Anshuman Poyrekar/HT Photo)

‘Govt spending, private sector incentives crucial’

PUBLISHED ON JAN 21, 2021 07:48 AM IST
Sumit Jalan, an investment banker, and managing director and co-head of India investment banking and capital markets at Credit Suisse Securities (India), assessed that 30% to 40% of existing business models were deeply impacted by the Covid-19 pandemic.
Ratings agency Icra said the value of GDP in the next financial year will only mildly surpass the level that had been recorded in FY2020.(HT File Photo | Representational image)
Ratings agency Icra said the value of GDP in the next financial year will only mildly surpass the level that had been recorded in FY2020.(HT File Photo | Representational image)

Rating agency Icra says India's real GDP to expand by 10.1% in FY2022

PTI |
PUBLISHED ON JAN 11, 2021 04:47 PM IST
“After a 7.8 per cent pandemic-driven shrinkage in the ongoing fiscal (FY2021), India's real GDP is projected to record a growth of 10.1 per cent in FY2022," Icra's principal economist said.
High unemployment and the loss of income stemming from the coronavirus have severely depressed consumer spending, which in turn will weigh on the business investment, it said.(Reuters)
High unemployment and the loss of income stemming from the coronavirus have severely depressed consumer spending, which in turn will weigh on the business investment, it said.(Reuters)

India’s fuel demand to contract 11.5% in 2020: Fitch Solutions

New Delhi, Delhi | By Press Trust of India | Posted by Shivani Kumar
UPDATED ON SEP 19, 2020 03:27 PM IST
Its economists forecast India’s real GDP to contract by 8.6 per cent in the fiscal year 2020-21 (April 2020 to March 2021), down from -4.5 per cent previously.
A sales woman wearing a face shield and a mask arranges gold bangles at a jewellery showroom in Kolkata in this file photo.(REUTERS)
A sales woman wearing a face shield and a mask arranges gold bangles at a jewellery showroom in Kolkata in this file photo.(REUTERS)

Gold cheaper by Rs 4,800, being sold at a discount despite fall in price

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON SEP 13, 2020 07:42 PM IST
Demand for gold in India has been hit by the coronavirus pandemic and high prices. It has also been affected by the beginning of the ‘Shradh’ period, considered inauspicious for buying assets.
Indian walks past an under construction building in Mumbai.(AP)
Indian walks past an under construction building in Mumbai.(AP)

FY21 may see worst ever decline in GDP

Livemint, New Delhi | By Asit Ranjan Mishra
UPDATED ON SEP 09, 2020 03:32 AM IST
Investment bank Goldman Sachs anticipates India’s gross domestic product (GDP) to shrink 14.8% this fiscal against its earlier estimate of an 11.8% contraction. Fitch Ratings, meanwhile, cut its growth forecast for India for FY21 to a contraction of 10.5%, more than double the 5% contraction projected in June.
Shops open for business after relaxation in lockdown restrictions.(HT photo)
Shops open for business after relaxation in lockdown restrictions.(HT photo)

Covid-19 lockdown fatigue driving opening of businesses

Hindustan Times | By Roshan Kishore
UPDATED ON SEP 08, 2020 02:55 AM IST
The Nomura India Business Resumption Index (NIBRI) climbed to 77.4 in the week ending September 6. This is an increase of 1.7 percentage points from the week ending August 30.
West Bengal Finance and Industry Minister Amit Mitra.(PTI)
West Bengal Finance and Industry Minister Amit Mitra.(PTI)

Lack of stimulus has hurt economy: Amit Mitra

Hindustan Times | By HT Correspondent
UPDATED ON SEP 08, 2020 03:14 AM IST
India’s GDP contracted by a record 23.9% in the quarter ended June 2020, which makes it the worst performer among major global economies.
Former President Pranab Mukherjee.(HT file photo)
Former President Pranab Mukherjee.(HT file photo)

News updates from Hindustan Times: 7-day state mourning announced for former president Pranab Mukherjee and all the latest news

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON AUG 31, 2020 08:56 PM IST
Here are today’s top news, analysis and opinion at 9pm. Know all about the latest news and other news updates from Hindustan Times.
(HT file photo)
(HT file photo)

Expert views: India’s economy shrinks record 23.9% in first quarter

By Reuters | Posted by Shivani Kumar
UPDATED ON AUG 31, 2020 07:26 PM IST
The gross domestic product (GDP) data released on Monday showed consumer spending, private investments and exports all collapsed during the world’s strictest lockdown imposed in late March to combat the Covid-19 pandemic.
People shop for fish at a market in Kolkata. India’s economy had grown at 3.1% in the January-March quarter, its slowest pace in at least eight years.(AP)
People shop for fish at a market in Kolkata. India’s economy had grown at 3.1% in the January-March quarter, its slowest pace in at least eight years.(AP)

India’s economy contracts by 23.9%, worst in decades

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON AUG 31, 2020 06:10 PM IST
Experts had said the country’s economy was expected to contract mainly because this quarter had seen more of the 68-day nationwide lockdown restrictions, which were enforced by the government from March 25 to contain the spread of the coronavirus disease (Covid-19) outbreak.
A trader is seen monitoring the BSE index at a brokerage firm in Mumbai in this file photo. Indian markets fell sharply on Monday after the Indian Army said it had foiled an attempt by Chinese troops to change the status quo on the border in a fresh flare-up between the two countries.(PTI Photo)
A trader is seen monitoring the BSE index at a brokerage firm in Mumbai in this file photo. Indian markets fell sharply on Monday after the Indian Army said it had foiled an attempt by Chinese troops to change the status quo on the border in a fresh flare-up between the two countries.(PTI Photo)

Sensex, Nifty end 6-day winning run ahead of GDP data

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON AUG 31, 2020 04:05 PM IST
The S&P BSE Sensex dropped 931.74 points or 2.36% at 38,535.57 and the broader NSE Nifty 50 benchmark was at 11,369.15, down 278.45 points or 2.39%, paring all gains.
Workers are seen at a segment of metro construction site in Pune. India, once the world’s fastest-growing major economy, is set to post the steepest quarterly decline in gross domestic product, experts have said.(Rahul Raut/HT Photo)
Workers are seen at a segment of metro construction site in Pune. India, once the world’s fastest-growing major economy, is set to post the steepest quarterly decline in gross domestic product, experts have said.(Rahul Raut/HT Photo)

India’s GDP numbers could be worst in decades. What experts say

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON AUG 31, 2020 02:48 PM IST
The Indian economy is expected to contract mainly because the April-June 2020 quarter had seen more of the 68-day nationwide lockdown restrictions.
Labourers wearing protective face masks load grocery items onto a supply truck at a wholesale market during the coronavirus disease (COVID-19) outbreak in Kolkata.(REUTERS)
Labourers wearing protective face masks load grocery items onto a supply truck at a wholesale market during the coronavirus disease (COVID-19) outbreak in Kolkata.(REUTERS)

Why GDP data matters and key indicators to look for

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON AUG 31, 2020 06:17 AM IST
While the real growth rate is expected to remain in contraction zone not just in the first quarter but also the full financial year, today’s release will give an idea about the hit to nominal growth.
Congress leader Rahul Gandhi gestures during a campaign rally in Nuh district of in this file photo. Gandhi said RBI has “now confirmed” what he has been talking about for months.(PTI Photo)
Congress leader Rahul Gandhi gestures during a campaign rally in Nuh district of in this file photo. Gandhi said RBI has “now confirmed” what he has been talking about for months.(PTI Photo)

Rahul Gandhi hits out over RBI report, says he had warned before

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON AUG 26, 2020 12:45 PM IST
The Reserve Bank of India (RBI) said in its annual report released on Tuesday that the impact of the coronavirus pandemic could cause a structural downshift on the country’s potential output.
India’s credit profile is supported by its large and diverse economy, and stable domestic financing base, Moody’s said.(PTI File Photo s)
India’s credit profile is supported by its large and diverse economy, and stable domestic financing base, Moody’s said.(PTI File Photo s)

Moody’s sees nil growth for India in FY 2021

Mint, New Delhi | By Asit Ranjan Mishra
UPDATED ON MAY 09, 2020 12:35 AM IST
India’s nationwide lockdown, considered the severest in the world, has led to massive retrenchment and loss of output. Unemployment rate climbed to a staggering 27.1% in the week to May 3, while around 121.5 million reported job losses in April, data from the Centre for Monitoring Indian Economy showed.
According to the statement, GDP growth during 2018-19 is estimated at 7 per cent as compared to 7.2 per cent in 2017-18.(AFP)
According to the statement, GDP growth during 2018-19 is estimated at 7 per cent as compared to 7.2 per cent in 2017-18.(AFP)

GDP growth 6.6% in Q3, slowest in five quarters

New Delhi | By Asit Ranjan Mishra
UPDATED ON FEB 28, 2019 11:41 PM IST
The Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 7 per cent in October-December quarter of the previous financial year.
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