Lockdown
War's impact on commodity prices to dent GPD, demand growth
The crisis has led to a global spike in international prices of crude oil, natural gas, coal, nickel, copper, aluminium, titanium and palladium.The high commodity costs will impact manufacturing and infrastructure sectors, which are key contributors to growth and job creation. Already, the manufacturing sector is reeling under expensive commodities costs due to rise in their international demand and supply constraints.
Stagflation worries, downgrades in stock market weightage cloud India's growth story
Stagflation is characterised by slow economic growth and relatively high unemployment -- or economic stagnation. Credit Suisse has announced a tactical downgrade of India from Overweight to Underweight. Higher oil prices hurt the current account, add to inflationary pressures and increase sensitivity to Fed rate hikes.
Equities fall sharply in early trade; Sensex slips over 900 pts
Sensex was 1.6 per cent or 921 points down at 55,326 points, whereas Nifty 1.4 per cent or 232 points down at 16,562 points. Lower than expected GDP growth during Q3FY22 also weighed on the investors sentiment.
India's FY22 GDP now expected to grow at 8.9%
On Monday, the 'Second Advance Estimates of National Income for financial year 2021-22', estimated that 'Real GDP' or 'GDP at Constant Prices' (2011-12) in the year 2021-22 will rise to Rs 147.72 lakh crore from the 'First Revised Estimate of GDP' for 2020-21 at Rs 135.58 lakh crore. "The growth in GDP during 2021-22 is estimated at 8.9 per cent as compared to a contraction of 6.6 per cent in 2020-21," the National Statistical Office (NSO) said.
India's Q3FY22 YoY GDP growth up 5.4%, eases sequentially
India's Q3FY22 GDP growth rate stood to 5.4 per cent on a year-on-year basis.The Q3FY22 GDP, at constant prices of 2011-12, is estimated at Rs 38.22 lakh crore, as against Rs 36.26 lakh crore during the corresponding period of 2020-21. On a YoY basis, India's GDP growth rate had inched-up by 0.7 per cent during the corresponding period of the previous fiscal.
GDP data, Global trends to impact equity sentiments
Global trends surrounding the evolving Russia-Ukraine crisis as well as key domestic macro-economic data points will set the course for the Indian equity market's trajectory in the coming week. Besides, investors will watch out for fluctuations in crude oil prices and currency movements. These global trends are also expected to influence the direction of FIIs' funds which will, in turn, have an overall bearing on the market sentiment.
GDP data, Global trends to impact equity sentiments
Global trends surrounding the evolving Russia-Ukraine crisis as well as key domestic macro-economic data points will set the course for the Indian equity market's trajectory in the coming week. Besides, investors will watch out for fluctuations in crude oil prices and currency movements. These global trends are also expected to influence the direction of FIIs' funds which will, in turn, have an overall bearing on the market sentiment.
GDP growth likely to be around 8.3% in FY22: Brickwork Ratings
The ratings agency had earlier given a forecast of 8.5 to 9 per cent for FY22. In addition, there have been production constraints caused by a semiconductor shortage in electronic and automobile industries, along with supply shortages in coal and power outages causing a slowdown in the manufacturing sector."
FY23 Outlook: Indian states' deficit expected at 3.6% of GDP
The FY23 estimate is a bit higher than the 3.5 per cent revised forecast for FY22. The agency's earlier forecast for FY22 was 4.1 per cent. "The revision was made due to better-than-expected growth in revenue receipts and higher growth in the nominal GDP in FY22," the agency said. Besides, Ind-Ra estimates India's nominal GDP to grow 17.6 per cent YoY in FY22.
India's FY22 GDP growth expected at 9.5%, FY23 at 7.5%: Acuite Ratings
The ratings agency cited that adverse impact of elevated commodity prices and the potential financial market volatility on account of monetary policy normalisation as some of the downside risks. "From growth perspective, the index contracted sequentially by 2.5 per cent MoM in Jan-22 from an expansion of 3.3 per cent in Dec' 21."
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