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Projection for real GDP growth is retained at 9.5% for 2021-22: RBI Governor

News | August 06, 2021 14:15 IST

Reserve Bank of India (RBI) has decided to retain projection for real GDP growth at 9.5% for 2021-22. "The projection for real GDP growth is retained at 9.5% for 2021-22... Consumer Price Index (CPI) inflation is projected at 5.7 % during 2021-22 - this consists of 5.9% in Q2, 5.3% in Q3 and 5.8% in Q4 of 2021-22 with risks broadly balanced. CPI inflation for the first quarter of 2022-23 is projected at 5.1%," said RBI Governor Shaktikanta Das on August 06.

Second wave of pandemic has taken grievous toll on India:

Pandemic-hit economy started to look up in late-May and early June: RBI Governor

Business | July 01, 2021 22:56 IST

Reserve Bank of India (RBI) Governor Shaktikanta Das said that the second wave of pandemic has taken grievous toll on India.

RBI lowers GDP growth projection to 9.5 pc for 2021-22

Business | June 04, 2021 12:30 IST

The Reserve Bank on Friday lowered the country's growth projection for the current financial year to 9.5 percent from 10.5 percent.

GDP at constant prices has recorded a negative growth of

2020-21 darkest year of economy in four decades, laments Chidambaram

Business | June 01, 2021 20:52 IST

The former finance minister attacked the Central government over the GDP numbers.

'2020-21 darkest year of economy': P Chidambaram

News | June 01, 2021 17:48 IST

During a video-conferencing interaction, Congress Leader P Chidambaram highlighted economical situation of the country amid COVID crisis and said that the 2020-21 is the "darkest year" of the economy in four decades.

India's economy contracted by 7.3 per cent in fiscal 2020-21

Moody's pegs India GDP growth at 9.3% in FY22

Business | June 01, 2021 12:25 IST

"We expect a decline in economic activity in the April-June quarter, followed by a rebound, resulting in real, inflation-adjusted GDP growth of 9.3 per cent in the fiscal year ending March 2022 and 7. 9 per cent in fiscal 2022-23," Moody’s Investors Service said

India's GDP grows 1.6% in Jan-March; shrinks 7.3% in 2020-21

Business | May 31, 2021 18:10 IST

India's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday.

The IMF has projected an impressive 12.5 per cent growth

Oxford Economics lowers India's GDP growth forecast to 10.2%

Business | April 26, 2021 17:55 IST

The IMF has projected an impressive 12.5 per cent growth rate for India in 2021, while S&P Global Ratings has said the Indian economy is projected to grow at 11 per cent in the current fiscal

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Good News! India exits recession with 0.4% GDP growth in FY21 Q3

Business | February 27, 2021 0:14 IST

The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by 7.3 per cent from (-)24.4 per cent in the preceding quarter.

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Covid Impact! Economy likely to contract 7.7% in 2020-21, Govt data shows

Business | January 07, 2021 18:40 IST

Real GDP or GDP at Constant Prices (2011-12) in the year 2020-21 is likely to attain a level of Rs 134.40 lakh crore, as against the Provisional Estimate of GDP for the year 2019-20 of Rs 145.66 lakh crore.

India to become 5th largest economy in 2025, 3rd largest by 2030

Business | December 26, 2020 12:52 IST

India, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said on Saturday.

India's GDP: Quickest to fall, fastest to recover

Business | December 25, 2020 23:17 IST

The covid-19 induced turmoil showed weakness as well as resilience of India's economy in 2020, as the country's GDP recorded abysmal fall and breathtaking recovery.

India's GDP made comeback in 2nd quarter: Anand Sharma

News | December 21, 2020 16:03 IST

Congress leader and Rajya Sabha member, Anand Sharma on December 21 submitted the COVID report in the upper house.

Hope GDP will be positive in next quarter: Amit Shah

India | November 30, 2020 15:06 IST

The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter (April-June) of the 2020-21 fiscal as the coronavirus lockdown pummelled economic activity.

The GDP at constant (2011-12) prices in Q2 of 2020-21 is

India's July-Sept GDP contracts 7.5%, 'technical recession' confirmed

Business | November 27, 2020 18:35 IST

The GDP at constant (2011-12) prices in Q2 of 2020-21 is estimated at Rs 33.14 lakh crore.

India's second-quarter GDP data to be released today

Business | November 27, 2020 11:29 IST

The second-quarter gross domestic product (GDP) data on India will be released today with the industry expecting positive news. The data will be released by the National Statistical Office.

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Moody's revises upwards India GDP forecast to -8.9% in 2020

Business | November 12, 2020 14:25 IST

Moody's Investors Service on Thursday revised upwards its GDP forecasts for India to (-) 8.9 per cent contraction in the 2020 calendar year, as the economy reflates after a long and strict nationwide lockdown but said the recovery is patchy.

US GDP grows 33.1% in third quarter of 2020

World | October 30, 2020 7:55 IST

Real Gross Domestic Product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, according to the ”advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent, an official release from the Department of Commerce read.

Sitharaman says visible signs of economic revival but GDP growth may remain near zero this fiscal

Business | October 27, 2020 18:46 IST

Finance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in the negative zone or near zero in the current fiscal.

Fall in GDP alarming; time for bureaucracy to take meaningful action: Raghuram Rajan

Business | September 07, 2020 14:06 IST

Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action.

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