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Ind-Ra estimates GDP to grow 0.3% in Jan-March quarter - The Hindu BusinessLine

Projects FY22 growth at 10.4% ....

India Ratings Research Ind , India Ratings , Economic Survey , Industrial Production , இந்தியா ரேடிஂக்ஸ் ஆராய்ச்சி இந்த் , இந்தியா ரேடிஂக்ஸ் , பொருளாதார கணக்கெடுப்பு , தொழில்துறை ப்ரொடக்ஶந் ,

GDP Growth To Bounce Back To 10.4% YoY In FY22

GDP growth to bounce back to 10.4% YoY in FY22 - India Ratings
India-Ratings expects the industrial and services sector to grow at 11.5% and 11.4% YoY, respectively, in FY22.
February 10, 2021 / 12:34 PM IST
India Ratings and Research on Wednesday said it estimates the gross domestic product (GDP) growth to bounce back to 10.4% year on year (YoY) in FY22, driven by the base effect.
Although the recovery in FY22 on a YoY basis will be V-shaped, the size of the GDP will barely surpass the level attained in FY20 and will be 10.6% lower than the trend value. The impact of COVID-19 pandemic and lockdown on the economy, although subsiding, will continue to delay the normalisation of economic activities in the contact-intensive sectors till the mass vaccination/herd immunity becomes a reality, the agency said. ....

India Ratings , Budget 21 , இந்தியா ரேடிஂக்ஸ் ,

India Ratings and Research: India will grow 10.4% in FY22, but meaningful recovery will only happen in FY23: India Ratings

“FY22 would broadly be covering the lost ground of FY21, so the growth will be very minuscule and we will probably have to wait till FY23 for any meaningful recovery to happen,” said Sunil Kumar Sinha, principal economist at Ind-Ra, during a virtual conference on Wednesday. ....

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Budget 2021: Focus more on growth recovery; fiscal deficit may come down to 6.2% in FY22, says IndRa

Story
Budget 2021: Focus more on growth recovery; fiscal deficit may come down to 6.2% in FY22, says IndRa
The 2021-22 budget is likely to project a fiscal deficit of 6.2 per cent but that will be achievable if nominal growth comes in around 14 per cent and real growth prints in at 9.5-10 per cent, India Ratings Chief Economist Devendra Pant said
PTI | January 29, 2021 | Updated 08:27 IST
Union Finance Minister Nirmala Sitharaman
Indian Union Budget 2021-22: The forthcoming Union Budget should focus more on putting the economy back on track and not too much on arresting fiscal deficit, which is seen at 6.2 per cent in 2021-22, down from 7 per cent this year, according to a report. The Union Budget 2020-21 had estimated fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of GDP but India Ratings sees it printing in at Rs 13.44 lakh crore or 7 per cent if the government cleared its payables and roll over some portion of expenditure to 2021-22. ....

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Budget must focus on resolving demand-side issues: Ind-Ra

The pandemic induced lockdowns resulted in the economy tanking 23.9 per cent in the June quarter but made a dramatic recovery with the contraction improving to just 7.5 per cent in Q2 and is likely to re-enter the green zone in the second half which may help the economy close FY21 with a contraction of 7.5-8 per cent. ....

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