FY22 GDP growth to be at 8.2-8.5%; uncertainties plague Q4 numbers: SBI
The gap between GVA and GDP numbers in Q4 due to strong growth in tax collections could push up the GDP significantly, even as GVA might be much lower, says SBI report.
indian economy
May 2022
April 2022
Ukraine war won’t hurt investment cycle: CII’s Sanjiv Bajaj
Capital will always be available for quality opportunities, says CII president Sanjiv Bajaj.
GDP growth seems to have slowed to 3.5% in Q4 FY22: Report
ICRA expects GVA to ease to 2.7% in Q4; reasons for slower recovery may be higher commodity prices, a dip in wheat yields and hiccups in contact-intensive services amid Covid-19.
ICRA launches monthly index of high frequency economic indicators
While a majority of its constituents recorded higher volumes in April 2022 relative to the pre-Covid level, a few trailed their April 2019 levels, indicating the recovery remains incomplete.
Inflation to rise further; global recovery losing pace, warns RBI
After an off-cycle MPC meet, RBI governor Shaktikanta Das says even as domestic economic drivers are strong, they face headwinds from global spillovers.
RBI paper raises question mark over V-shaped recovery!
RBI paper says India would take 13 years to recover from the pandemic loss if the GDP grows at annual average of 7.5% – far higher than the highest ever growth rate of 6.9% during 2004-14.
Credit growth crosses ₹10 lakh cr mark in FY22
Public sector banks continue to crowd in credit growth from private banks, says an SBI Research report.
India to overcome Covid-19 losses by FY35: RBI
India suffered among the biggest pandemic-induced losses in the world, says RBI.
India likely to remain fastest-growing economy for next few years: FM
During the USIBC-CII roundtable in the US, Sitharaman urges business leaders and investors to become a part of the India growth story.
After World Bank, IMF cuts India’s FY23 GDP forecast to 8.2%
Russia’s invasion of Ukraine and high inflation have forced the IMF to slash global growth forecast from 6.1% in 2021 to 3.6% in 2022 and 2023.
