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.
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Biz confidence at pre-pandemic level: Deloitte, Nomura
With the economy gradually opening up, pandemic uncertainties are reducing, according to separate indicators by Deloitte India and Nomura.
India's economic rebound ineffective without 'inclusion'
India’s household assets are on the decline, inequality in both income and wealth is rising and nearly half of rural households are relying on low-paying manual labour for sustenance.
India’s growth prospects anything but bright
Prolonged cheap credit regime has led to a clear liquidity trap and irrational stock market boom, both of which are bad for the economy.
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.
RBI faces fresh challenge with Covid-19 second wave
The new spurt in infections has suddenly added uncertainty to the domestic growth outlook amidst tightening of restrictions by some state governments.
RBI holds rates; unveils new measures
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
U.S. macro woes drag down Indian indices
Rising inflation and firming bond yields in the U.S. push down Indian benchmark indices, causing a correction of around 6% from the latest life–highs of February 16.
