Recovery impacted as supply chain disrupted, demand contracts: PHD Chamber
By IANS |
Published on
Tue, May 11 2021 20:48 IST |
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PHD Chamber of Commerce and Industry.. Image Source: IANS News
New Delhi, May 11 : Re-emergence of Covid-19 cases in India and resultant partial lockdowns and curfews in many parts of the country in April have impacted the pace of economic recovery with disruptions in supply chains and contraction in demand, industry body PHD Chamber of Commerce and Industry has said in its latest research report.
The storm-like spread of the pandemic will have an impact on the anticipated double digit GDP growth trajectory in FY22, it said.
Economic activity consolidated in a steady zone in March 2021
By IANS |
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Post Covid: FY22 Budget to give ample opportunity for economic reset, growth. Image Source: IANS News
New Delhi, April 10 : Economic activity consolidated in a steady zone in March 2021, said Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry, in a statement issued on Saturday.
Out of the 10 indicators of QET (Quick Economic Trends) of economic and business activity tracked by the industry body PHDCCI, 6 have performed positive in March 2021 of which passenger vehicle sales has shown a highest growth of 125 per cent over the corresponding month in previous year.
Economy seen consolidating in March with hopes of double digit growth in FY 2021-22: PHD Chamber
By IANS |
Published on
Sat, Mar 13 2021 14:21 IST |
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PHD Chamber of Commerce and Industry President Sanjay Aggarwal. (twitter@Sanjayaggrwl). Image Source: IANS News
New Delhi, March 13 : Economic activity is expected to consolidate in March 2021 as the Covid-19 impacted difficult financial year 2020-21 is winding down with new hopes for the next financial year with a great growth trajectory of Indian economy, said Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry on Saturday.
Out of the 10 indicators of QET (Quick Economic Trends) of economic and business activity tracked by the industry body PHDCCI, 7 have performed positive in February 2021 of which passenger vehicle sales has shown the highest growth of 18% over the corresponding month in the previous year.
Expectations that the country s GDP would record growth in the third and fourth quarters of 2020-21 are getting stronger on account of various reforms undertaken by the government in the last ten months, PHDCCI said on Saturday. It said out of the 10 indicators of QET (Quick Economic Trends) of economic and business activity tracked by PHDCCI, nine have performed positive. The Indian economy shrunk by a record 23.9 per cent in June quarter and saw a contraction of 7.5 per cent in second quarter. On the back of various reforms undertaken by the government in last 10 months along with a demand boosting and investment inducing Budget, the expectations of a positive GDP growth in Q3 and in Q4 FY 2020-21 are becoming strong, it added.
India s GDP expected to record growth in Q3, Q4 of FY21: PHDCCI
As per PHDCCI, nine out of the 10 indicators of QET (Quick Economic Trends) of economic and business activity tracked by the agency, have performed positive
BusinessToday.In | February 13, 2021 | Updated 22:53 IST
India s GDP is expected to record positive growth in the third and fourth quarters of 2020-21, says PHDCCI
After reporting negative growth in the first two quarter of the current fiscal, India s GDP is expected to record positive growth in the third and fourth quarters of 2020-21, according to PHD Chamber of Commerce and Industry (PHDCCI). The expectation of positive GDP growth is based on various reforms undertaken by the government in the last ten months along with a demand boosting and investment inducing Budget, it said.