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India Today Conclave: 'Where is the V-shaped recovery?' asks Chidambaram

India Today Conclave: Where is the V-shaped recovery, asks Chidambaram
Speaking at the India Today Conclave-South 2021 on Friday, March 12, Chidambaram stated that there has been a setback in the third quarter as against the government s claims of a 0.4% GDP growth in Q3
BusinessToday.In | March 12, 2021 | Updated 12:53 IST
P Chidambaram at the India Today South Conclave. (Photo: Chandradeep Kumar)
Former Finance Minister and senior Congress leader P. Chidambaram has questioned the government s claims of a V-shaped recovery, claiming that India is not growing at all. Speaking at the India Today Conclave-South 2021 on Friday, March 12, Chidambaram stated that there has been a setback in the third quarter as against the government s claims of a 0.4% GDP growth in Q3. ....

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India Today Conclave: 'Where is the V-shaped recovery,' asks Chidambaram

India Today Conclave: Where is the V-shaped recovery, asks Chidambaram
Speaking at the India Today Conclave-South 2021 on Friday, March 12, Chidambaram stated that there has been a setback in the third quarter as against the government s claims of a 0.4% GDP growth in Q3
BusinessToday.In | March 12, 2021 | Updated 12:53 IST
P Chidambaram at the India Today South Conclave. (Photo: Chandradeep Kumar)
Former Finance Minister and senior Congress leader P. Chidambaram has questioned the government s claims of a V-shaped recovery, claiming that India is not growing at all. Speaking at the India Today Conclave-South 2021 on Friday, March 12, Chidambaram stated that there has been a setback in the third quarter as against the government s claims of a 0.4% GDP growth in Q3. ....

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Weak Q3 GDP may drag stocks further

Weak Q3 GDP may drag stocks further
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Analysts said that for the market rally to continue, overall economic revival and sustaining corporate earnings is crucial.
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Bond yields, geopolitical tensions and news around the US stimulus programme are expected to keep Indian stocks volatile, even as the economy makes an uneven recovery from the pits of a recession.
On Friday, Indian shares plunged nearly 4%, their sharpest drop in 10 months, as a spike in US government bond yields walloped stocks worldwide.
After two quarters of contraction, India’s real GDP grew 0.4% in the December quarter, but analysts said the lower-than-expected nominal GDP growth has heightened the threat of a sovereign downgrade. Weak GDP growth in a quarter of strong corporate earnings, goods and services tax (GST) collections and high-frequency indicators data also indicate that the informal sector is yet to emerge from the pandemic shock ....

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Q3 GDP: People hit by 'double whammy' of low growth, high inflation, says Congress

Q3 GDP: People hit by double whammy of low growth, high inflation, says Congress
Congress chief spokesperson Randeep Surjewala said the third quarter GDP data proves yet again that fault lines in the Indian economy are more visible than ever before
PTI | February 27, 2021 | Updated 09:52 IST
The economy has grown by a mere 0.4 per cent in the third quarter of financial year 2020-21, which is far below estimation, he said
Attacking the government over the state of the economy, the Congress on Friday said the people have been hit by the double whammy of low growth and high inflation for which the Modi government s gross mismanagement is responsible. ....

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India GDP: India looks set to beat recession even as new virus cases loom

Synopsis
New curbs on movement of people or restrictions on businesses are a risk to the nascent recovery, given that gains in the October-December quarter probably came from the reopening of the economy, which is primarily driven by domestic consumption. The government also boosted spending in the final months of last year to spur growth.
Agencies
Rising Covid cases in some parts could derail normalisation in the near term, some economists say.
As India’s economic fortunes stand at the cusp of a turnaround, a spike in coronavirus cases across its key business centers risks undoing some of the gains. ....

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