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Read more about Q4 GDP numbers: Carving FY22 recovery amidst Covid setbacks on Business Standard. Indeed, while FY21 GDP reinforces the sharp slowdown in growth in a pandemic year, it also offers a low base for a mechanical bounce in FY22 recovery
Barclays has pegged India’s economic growth for fiscal 2021-22 (FY22) – as measured by gross domestic product (GDP) – at 7.7 per cent in the bear-case scenario, if the country is hit by the third wave of the Covid pandemic going ahead. The economic cost, it believes, could rise by at least a further $42.6 billion, assuming another round of similar stringent lockdowns are imposed across the country for eight weeks later this year. After factoring in recent developments, Barclays has pegged the economic cost of the latest shutdowns at $8 billion per week in May, up from $5.3 billion per ...
India's Q4 GDP growth likely to be better than estimates May 25, 2021 National Statistical Office to release data on May 31 Indian economy is now estimated to show growth than contraction during January-March (Q4) of FY 2020-21. This will have impact on GDP (Gross Domestic Product) estimate for full fiscal. National Statistical Office (NSO) will release GDP number for Q4 as well as for full FY 21 on May 31. First two quarters (April-June and July-September) of last fiscal recorded contraction of 24.4 per cent 7.3 per cent respectively, while third quarter (October-December) registered a growt...
India could be staring at Rs 5.4 lakh crore loss due to second round of lockdowns: Barclays SECTIONS India could be staring at Rs 5.4 lakh crore loss due to second round of lockdowns: BarclaysBy Share Synopsis Barclays lowered its growth forecast for the ongoing fiscal to a single-digit figure of 9.2% from 10% earlier. Similarly, SBI Research saw FY22 growth in single digits against its earlier projection of 10.4%, although it did not provide a specific number. An empty vaccine centre. The slow pace of India’s vaccination drive increases the risk of a third wave, according to Barclays. The...
Wholesale price index spike may hit consumer price index with lag: Economists SECTIONS Share Synopsis India’s wholesale inflation rose to a near 11-year high of 10.5% in April, data released on Monday showed. By contrast, retail inflation, as measured by the consumer price index (CPI), eased to 4.29% in April, from 5.52% in March, remaining within the Reserve Bank of India’s (RBI) target band of 2-6% for the fifth straight month. Getty Images Economists expect convergence in wholesale and retail inflation going ahead as higher commodity and fuel prices lead to a cost push in retail inflat...