The Indian economy is in good shape as the country’s GDP growth rate and foreign exchange reserve are high, former RBI Governor Bimal Jalan said on Thursday. Notwithstanding economic uncertainties triggered by the Russia-Ukraine war that is also impacting the global supply chain, Jalan said it is not going to affect India’s economic performance. “India’s … 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
Mumbai: After a worse-than-expected 23.9 per cent decline in GDP in the June quarter, the top economist at State Bank of India expects a steeper decline in FY21 real GDP — again in the double digits. Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, now expects FY21 real GDP growth to decline … Read more
MUMBAI: The economy is expected to contract by 25 per cent each in the first quarter of FY’21 both in terms of GDP ( gross domestic product) as well GVA (gross value added) according to ratings firm Icra. Despite a 40 per cent drop in manufacturing and minimal activity in the service sector, the higher … Read more