Fiscal deficit could narrow to 6.3% in FY23: SBI
The country is expected to meet its fiscal deficit target in the ongoing financial year, says SBI Research
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India GDP to grow 8.3% in FY22, says World Bank; 1.2% lower than govt estimate
Even though the recovery is yet to become broad-based, Indian economy should benefit from the resumption of contact-intensive services, World Bank said.
Indian economy to grow 9.2% in 2021-22, says govt
The projection is lower than the 9.5% GDP growth estimated by the Reserve Bank of India's monetary policy committee last month.
Indians refuse to let go of cash
Cash in circulation, which was 10.7% of GDP in FY18 has risen to 14.5% in FY21.
Endless wait for investment cycle to kickstart growth
Savings and investment rates are on a prolonged downward swing; cheap credit and corporate tax cut have failed to revive investor spirit or regenerate ‘animal spirit’ in the economy
Double-digit growth likely in FY22: CEA K Subramanian
The chief economic advisor said that inflation should remain controlled in India because of clear policy focus on supply-side measures, while enhancing demand.
India beats GDP estimates to grow at 8.4% in Q2, FY22
GDP growth projections beat a majority of the estimates; experts claim the economy is on continuous mend and will likely be back to pre-pandemic levels before FY22 ends.
Growth signs visible: SBI chairman
State Bank of India (SBI) —the country’s largest lender by assets—does not expect FY22 to be a complete washout year like FY21.
Dovish MPC opts for status quo
While the Reserve Bank of India kept policy rates and its accommodative stance unchanged, additional monetary measures have been brought in to fight the second wave of Covid-19.
Covid-19’s second wave stings equity markets
In a matter of 41 trading days, since the last life-high on February 16, the second wave of the Covid-19 pandemic has caused between 8% -9.8% correction in the benchmark equity indices until April 19.
