Economy not up to pre-pandemic levels despite 20.1% GDP growth, say experts

The growth rate in the first quarter was built on a low base after an unprecedented contraction of 24.4% in the first quarter of the previous financial year.

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· Aug 31, 2021 · 10:30 pm

India’s GDP grows by 20.1% in April-June quarter of 2021-’22

The number came on the back of an unprecedented low base after the economy contracted by 24.4% in the first quarter of the previous financial year.

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· Aug 31, 2021 · 05:45 pm

India’s growth forecast lowered to 9.45% from 9.6% this year, says rating agency

The agency said it was almost clear that the country would not be able to meet its target of vaccinating all adults by the year-end.

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· Aug 20, 2021 · 12:01 pm

IMF lowered India’s growth projection because second wave was catastrophic, says chief economist

The recovery in India’s economy after the second wave has remained modest, Gita Gopinath said.

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· Jul 28, 2021 · 10:16 pm

IMF lowers India’s growth projection to 9.5% from 12.5% for 2021-’22

For the next financial year, the International Monetary Fund has revised India’s growth projection to 8.5% from 6.9%.

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· Jul 27, 2021 · 08:47 pm

Niti Aayog vice chairman predicts double-digit growth for India’s economy in this fiscal

Several economic organisations, including the RBI, have revised their growth projections for India to under 10% in the past couple of months.

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· Jul 11, 2021 · 04:48 pm

Ratings agency S&P lowers India’s growth projection to 9.5% from 11% for 2021-’22

On Wednesday, another ratings agency Moody’s had revised India’s growth forecast to 9.6%, from the earlier estimate of 13.9%.

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· Jun 24, 2021 · 02:56 pm

Covid-19 second wave may have caused economic output loss of Rs 2 lakh crore, says RBI

In its monthly bulletin for June, the central bank said economic recovery will depend on the speed and scale of vaccination in the country.

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· Jun 17, 2021 · 12:31 pm

India’s GDP contracts by 7.3% for 2020-’21 financial year, grows by 1.6% in January to March quarter

The fiscal deficit was recorded at 9.3% of the GDP, lower than the 9.5% estimated by the finance ministry.

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· May 31, 2021 · 05:56 pm

India’s GDP grew by 0.4% in third quarter, full year estimates revised to -8% from -7.7%

Growth rates for the first and second quarter, which were already in the negative, have been revised to show further contraction.

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· Feb 26, 2021 · 05:39 pm

India’s GDP estimated to contract by 9.6% in 2020, may grow by 7.3% in 2021: UN report

The report projected India to become the fastest growing major economy in 2021.

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· Jan 26, 2021 · 05:17 pm

GDP likely to contract by 7.7% this year, compared to 4.2% growth in 2019-’20, says government

The government on Thursday released the first advance estimates of for the financial year 2020-’21.

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· Jan 07, 2021 · 06:35 pm