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India 2020-21 GDP: Darkest Year In Over 4 Decades - P Chidambaram Slams Government On GDP

P Chidambaram was the Union Finance Minister in the Congress-led UPA government
New Delhi:
FY 2020/21 was the darkest year of the economy in four decades - one that resulted in record negative growth and left most Indians poorer than they were two years ago - Congress MP P Chidambaram said Tuesday, shredding the government over its handling of the country s finances.
Mr Chidambaram also slammed the government for misleading the people - a reference to the green shoots claims of the Finance Ministry in July last year, after the first wave peaked. He said the Congress had then called for measures like direct cash injections, but its pleas went unheard. ....

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RBI likely to downgrade GDP forecast for FY22

"I am worried whether they (RBI) will notch it down to 9.5%, which is where most of the analyst forecasts seem to be gravitating towards, or keep it 10% plus." ....

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RBI Covid 2.0 measures: RBI Guv promises to devise new responses to Covid 2.0: How much can he do really?

As India battles the second wave of Covid-19, there is uncertainty about the country’s near-term growth prospects. After the recessionary phase, India was slowly recovering from the pandemic-induced economic crisis. Yet, the second wave has put a dent on India’s economic recovery.
For FY22, Economic Survey and RBI projected India’s GDP growth rate at 11 per cent and 10.5 per cent, respectively. However, the achievement of this growth rate largely depends on how well the economy recovers from the Covid-19 shock. Though there hasn’t been a national lockdown yet, many states have opted for localized lockdowns or similar restrictions to control the spread of the virus. ....

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S&P India GDP Forecast: Second Covid wave may derail India's budding recovery; 8.2-9.8% GDP growth in different scenarios | India Business News

India Business News: The second wave of Covid infections may derail a strong recovery in the Indian economy and credit conditions, S&P Global Ratings said on Wednesday ....

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Multiple financial risks still challenge Vietnam

Multiple financial risks still challenge Vietnam
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02/05/2021

08:48
GMT+7
Global financial markets have been negatively hit and significantly shaken by the ongoing unpredictable, relentless and complicated developments under the Covid-19 pandemic, leading to continued global financial instability.
Although the major risks to the global financial markets have been identified and cautioned, there still remain potential risks, as a sudden unexpected rise of the pandemic may reoccur at any time, or the pandemic may even continue unabated for very many years to come. Vietnam too needs to be well prepared to face unforeseen challenges brought about by the virulence of the Covid-19 pandemic. ....

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