Indian economy may take over 10 years to recoup Covid-19 pandemic losses: RBI - The report has estimated the output losses during the pandemic period at around Rs 52 lakh crore.
Moody s forecasts 7% GDP contraction for India in FY21; revises estimate to 13.7% growth in FY22
In its Global Macro Outlook 2021-22 report, Moody s says India s economy has rebounded quickly from one of the world s longest and most stringent lockdowns, which also came with steepest fall in GDP in Q2
BusinessToday.In | February 25, 2021 | Updated 16:23 IST
The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday
Global rating agency Moody s has said India s economy will shrink by 7 per cent in FY21 and revised India s growth estimate for the next financial year 2021-22 to 13.7 per cent from 10.08 per cent earlier. The agency in its earlier estimates had predicted India s GDP to shrink 10.6 per cent in the current financial year.
India to emerge out of COVID-induced recession in Dec quarter: ICRA
The forecasted growth in Q3 FY2021, while undoubtedly mild and uneven, is nevertheless welcome, as it signifies that the economy has exited the COVID-19 pandemic-induced recession, ICRA said
BusinessToday.In | February 16, 2021 | Updated 20:20 IST
Bolstered by revival in private consumption and government spending, India is set to exit the recession caused by the coronavirus pandemic in the third quarter of this fiscal, projected rating agency ICRA. The agency estimated Indian economy to record a rise of 0.7 per cent in Q3 FY21, after two very unfavourable quarters.
The forecasted growth in Q3 FY2021, while undoubtedly mild and uneven, is nevertheless welcome, as it signifies that the economy has exited the COVID-19 pandemic-induced recession, ICRA said in a statement on Tuesday. The GDP figures for the December quarter are scheduled to be released on February 26.