Dwindling wage growth is emerging as a bigger headache despite economic recovery gains as it leads to tepid demand and results in under-utilisation of capacity, further widening the output gap, India Ratings said in a note on Thursday. According to the report, households accounting for 44-45 per cent of the GVA have witnessed a decline … Read more
India’s gross domestic product (GDP) is expected to grow at around 18.5% in the first quarter of the current financial year, SBI noted in its research report Ecowrap, lower than the RBI’s 21.4% projection. “Based on our ‘Nowcasting’ model, the forecasted GDP growth for Q1 FY22 would be around 18.5% (with upward bias),” the report … Read more
The GDP growth is estimated to come at the “deceptively high” level of 20 per cent for the April-June 2021 quarter but is far below the same in the pre-COVID times, rating agency said on Wednesday. Icra said the low base of the last year, when the GDP had contracted by close to 24 per … Read more
EY’s current assessment of India’s 2020-21 real gross value added (GVA) growth is 1.9 per cent provided that India sticks to its infrastructure funding plans. Source link