
UN scales down India GDP growth to 6.4%
The ongoing conflict in Ukraine, higher commodity prices and negative spillover effects from monetary tightening in the US have deteriorated the growth outlook.
The ongoing conflict in Ukraine, higher commodity prices and negative spillover effects from monetary tightening in the US have deteriorated the growth outlook.
The seemingly divergent forecasts on India's gross domestic production growth may be due to multiple reasons, all valid in their own ways.
It would be over-optimistic to assume the war impact will be transient; the old ideological division may reignite.
The trade body said India will face restraints on several fronts due to the Russia-Ukraine war.
A closer look beyond the headline numbers reveals that manufacturing and construction still remain a pain point in the economy.
For fiscal 2021-22, real GDP growth estimate was revised downwards to 8.9% compared with the earlier forecast of 9.2%.
The National Statistical Organisation (NSO) is likely to peg the FY22 real gross domestic product growth at ₹147.2 lakh crore in its second advance estimate, says Ind-Ra.
World Trade Report comes ahead of WTO's 12th Ministerial Conference in Geneva during November 30-December 3.
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.
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.