FY21 fiscal deficit seen at 7.6% of GDP
Motilal Oswal Financial Services estimates India’s fiscal deficit at ₹14.6 lakh crore in FY21, while GDP could contract by 6.5% against its earlier estimated decline of 4.7%.
fiscal deficit
September 2020
June 2020
April 2020
February 2020
Covid-19 impacts FPI flows
Foreign portfolio investors (FPIs) have taken out ₹1,30,491 crore between January and May 2020, making it the worst period in 5 years. March witnessed the maximum monthly outflow since 2016.
Moody’s India downgrade is not unexpected: BofA Securities
While the rating agency downgraded India’s sovereign rating, BofA Securities’ economists see the present downturn as cyclical rather than structural; say fiscal stimulus is critical for recovery.
RBI MEASURES IMPRESS MARKETS
Round II of RBI’s Covid-19 crisis measures was received by the Sensex and the Nifty 50 gaining 1,116 and 331 points each before closing 986 and 273 points higher from the previous day’s close.
‘India won’t get stuck in 5% GDP growth scenario’
As a result of the Covid-19 crisis, India can become an attractive investment destination, says Jaspal Bindra, executive chairman, Centrum Group.
Markets accord red welcome to FY21
Day 1 of the new fiscal saw benchmark indices in the red all through the day; they closed 4% lower.
India’s forex kitty could swell to $550 billion
Since April 2001 foreign exchange reserves grew 11.15 times to $476.09 billion in mid-February; the RBI may add $21 billion more by March 2021, according to a BofA Securities report.
Video: Analysing the Budget
Editor Sourav Majumdar and deputy editor Ashish Gupta decode the latest budget proposals.
Decoding the Budget 2020-21 arithmetic
Why the government may fail to meet its fiscal deficit target of 3.5% in FY 21
India’s economy to grow at 6-6.5% in FY21: Eco Survey
If the country wants to grow at a faster pace, then the government must deliver on reforms quickly as it is the only way to enable an economic recovery, says the Economic Survey.
