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Watch: True Figure of Economic Contraction Likely in Double Digits, Govt Must Act Immediately

In conversation with Ananth Narayan, professor of finance at the S.P. Jain Institute of Management and Research. ....

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India's Q4 GDP to be announced today: What to expect?

India s Q4 GDP to be announced today: What to expect?
The CSO had projected 8 per cent GDP contraction in FY21, implying a contraction of 1.1 per cent in March quarter.
BusinessToday.In | May 31, 2021 | Updated 12:17 IST
According to SBI research report, India s GDP is likely to expand by 1.3 per cent in January-March quarter.
The Central Statistics Office (CSO) will release India s gross domestic product (GDP) numbers for January-March quarter and financial year 2020-21 on Monday evening. The economy is likely to continue its expansion in the positive territory from December quarter.
Hit by the COVID-19 pandemic and the nationwide lockdown imposed to curb the spread of infections last year, India s economy contracted during the first half of FY21, before returning to positive territory in October-December quarter with a growth of 0.4 per cent. In April-June, the economy had shrunk by 23.9 per cent, which improved to 7.5 per cent contraction in July-September ....

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COVID's Bitter Pill: India's GDP Contracts 7.3% In FY'21

GDP for Q4 FY'21, however, grew at 1.6%, according to new data released by the NSO on Monday evening. ....

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Will the second Covid wave dent resilient foreign investment inflows into India?

Will the second Covid wave dent resilient foreign investment inflows into India?
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Will the second Covid wave dent resilient foreign investment inflows into India?By Sanket Mohapatra and Sushil Thaker, ET CONTRIBUTORS
Last Updated: May 20, 2021, 02:05 PM IST
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Synopsis
With the onset of COVID-19 in the first quarter of 2020, there was a sharp withdrawal of portfolio capital that was offset by FDI inflows. FDI inflows have been a relatively stable source of external financing over the years in comparison to volatile portfolio flows.
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In spite of the COVID-19 pandemic, a two-month long nationwide lockdown and a large GDP contraction in 2020, foreign capital flows to India remained surprisingly resilient. Data from IMF’s Balance of Payments statistics for the calendar year (CY) 2020 reveals that India received about $80 billion in foreign direct investment (FDI) and foreign portfolio investment (FPI) inflows, ranking behind Chi ....

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SBI forecasts 0.3% GDP growth in Oct-Dec, revises FY21 contraction to 7%

SBI forecasts 0.3% GDP growth in Oct-Dec, revises FY21 contraction to 7%
SBI also retained its forecast for 11 per cent growth in India s GDP in financial year 2021-22.
BusinessToday.In | February 10, 2021 | Updated 16:18 IST
SBI expects GDP decline for the full year to be around 7.0 per cent as compared to its earlier prediction of (-)7.4 per cent.
The State Bank of India on Wednesday revised its forecast for contraction in India s GDP in financial year 2020-21 to 7 per cent from 7.4 per cent earlier, and projected GDP to grow by 0.3 per cent in October-December quarter.
It also sees India s GDP growing by about 2.5 per cent in January-March quarter. ....

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