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RBI MPC meet on June 4: Repo rate likely to be unchanged; eyes on GDP growth forecast, says CARE Ratings

RBI MPC meet on June 4: Repo rate likely to be unchanged; eyes on GDP growth forecast, says CARE Ratings
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GDP growth forecast: Experts pare FY22 growth estimates as pandemic spreads in rural India

“Based on the extension of restrictions in various states, and impact on demand, we have lowered our forecast for growth in H1 FY22,” said Aditi Nayar, chief economist at ICRA.

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India GDP Data Forecast News: COVID-19 Toll On Economy Deepens, Job Crisis To Worsen: Report

India GDP Data Forecast: The May 20-27 poll showed the outlook for the March quarter was lowered to 21.6 per cent annually, and to 9.8 per cent on average for this fiscal year

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India GDP forecast: India s GDP to grow at 11% this fiscal, fresh virus spike may put recovery at risk, says ADB

Synopsis Further, it said the gross domestic product (GDP) of South Asia is expected to rebound to 9.5 % this year, following a contraction of 6 % in 2020, before moderating to 6.6 % next year (2022), it said. Getty Images The Indian economy is projected to grow at 11 % in the current financial year amid the strong vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in COVID cases may put the country s economic recovery at risk . India s economy is expected to grow 11 % in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive, ADB said in its flagship Asian Development Outlook (ADO) 2021 released on Wednesday.

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Oxford Economics lowers India s 2021 GDP growth forecast to 10 2%

Oxford Economics lowers India s 2021 GDP growth forecast to 10.2% SECTIONS Last Updated: Apr 26, 2021, 05:46 PM IST Share Synopsis Oxford Economics also said that notwithstanding the likelihood of further mobility restrictions, it expects India s targeted lockdown approach, less stringent restrictions, and resilient consumer and business behaviour to mitigate the economic impact of the second wave. Agencies India is struggling with a second wave of the pandemic with more than 3,00,000 daily new coronavirus cases being reported in the past few days, and hospitals in several states are reeling under a shortage of medical oxygen and beds. Global forecasting firm Oxford Economics on Monday revised downwards its India GDP growth forecast for 2021 to 10.2 per cent from 11.8 per cent previously, citing the country s escalating health burden, faltering vaccination rate and lack of a convincing government strategy to contain the pandemic.

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