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Top News In தேசிய சபை ஆஃப் பயன்படுத்தப்பட்டது பொருளாதார ஆராய்ச்சி Today - Breaking & Trending Today

ET Poll: FY21 GDP growth may have got a Q4 booster shot

“We peg the GDP growth for the just-concluded quarter at 2%, suggesting that the double-dip recession implied for Q4 FY2021 by the NSOs second advance estimates for FY2021, was averted,” said Aditi Nayar, chief economist at ICRA. GDP grew 0.4% in the December quarter. ....

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Company incorporations dip 27% sequentially in April as business sentiment sours amid second wave

“Business sentiment remained weak and is going to fall further in the first quarter of FY22. The six major cities of New Delhi, Mumbai, Pune, Bengaluru, Chennai and Kolkata are very badly affected,” said Bornali Bhandari, a senior fellow at the National Council of Applied Economic Research. ....

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Need to mitigate pandemic's impact on economy was the main theme of MPC meet

Need to mitigate pandemic’s impact on economy was the main theme of MPC meet
April 22, 2021
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The resurgence of Covid-19 infections and the need to mitigate the pandemic’s impact on the economy was the centerpiece of discussions of the six-member monetary policy committee (MPC) at its meeting held between April 5 and 7.
Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Delhi, observed that the pace of recovery of output needed to offset the negative impact of the Covid-19 shock to the economy in terms of growth in income, and employment will be substantial and sustained over many years. ....

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COVID restrictions imposed in states: Economists say FY22 GDP may take 0.2-1% hit

Synopsis
To be sure, the economy will still show a sharp rebound in the first quarter and the full FY22 financial year because of the low base due to the nationwide lockdown last year, but a return to pre-pandemic levels will take longer because of the latest disruptions, experts said.
Agencies
HDFC Bank is likely to revise its FY22 growth projection to 10% from 11% currently and its first-quarter forecast to 18-20% from 23% projected earlier.
The curbs announced by Maharashtra and Madhya Pradesh along with restrictions imposed in other states will dent India’s gross domestic product (GDP) by 0.2-1 percentage point, according to an ET poll of economists. ....

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Economists say FY22 GDP may take 0.2-1% hit

Economists say FY22 GDP may take 0.2-1% hit
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Synopsis
To be sure, the economy will still show a sharp rebound in the first quarter and the full FY22 financial year because of the low base due to the nationwide lockdown last year, but a return to pre-pandemic levels will take longer because of the latest disruptions, experts said.
Agencies
HDFC Bank is likely to revise its FY22 growth projection to 10% from 11% currently and its first-quarter forecast to 18-20% from 23% projected earlier.
The curbs announced by Maharashtra and Madhya Pradesh along with restrictions imposed in other states will dent India’s gross domestic product (GDP) by 0.2-1 percentage point, according to an ET poll of economists. ....

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