Lockdown

Trade deficit, capital outflows Indian rupee: USD to be at Rs.78.50-80: Kotak Securities
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In a research report, Kotak Securities said with risks of global slowdown and correction in global commodity prices, exports could soften further while imports hold on implying risks of a wider trade deficit. According to the report, exports in June increased by 16.8 per cent to $37.9 billion (May: $38.9 billion) while declining by 2.6 per cent month-on-month.
India's GDP data for FY22, Q4: Here's what experts have to say
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The GDP grew 4.1 per cent year on year in Q4FY22 as against 1.6 per cent during the same quarter of FY21. Here's what some of the observers have to say on the GDP figures: Vivek Rathi, Director - Research at Knight Frank India. Global spillovers of supply shortages, crude oil shock and higher input costs thwarted India's growth momentum in 4Q FY22.
Morgan Stanley lowers India's GDP growth forecast
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The foreign brokerage said slower global growth, adverse terms of trade shock, and impact on business confidence from geopolitical tensions weigh on the near-term outlook Morgan Stanley's global economics team expects global growth to average 2.9 per cent YoY in 2022 slowing from 6.2 per cent growth in CY21. Against this backdrop, it has lowered forecasts of India's GDP growth .
India Ratings revise its FY23 GDP growth forecast downwards to 7-7.2%
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Accordingly, the ratings agency believes that its 'FY23 Economic Outlook' released in January 2022 is unlikely to hold in view of the global geo-political situation arising out of the Russia-Ukraine conflict. "Since the duration of Russia-Ukraine conflict continues to be uncertain, Ind-Ra has created two scenarios with respect to the FY23 economic outlook basis certain assumptions."
ICRA cuts India's FY23 GDP growth forecast to 7.2%
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Ratings agency ICRA has lowered India's FY23 GDP growth forecast to 7.2 per cent from an earlier projection of 8 per cent. Besides, the rating agency projected GDP expansion in FY22 at 8.5 per cent, which is modestly lower than the National Statistical Office's (NSO's) second advance estimate of 8.9 per cent.
Oil prices fall as China imposes largest lockdown in Shanghai
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While Brent crude lost more than $3 a barrel on concerns that the move would mean that demand for oil will fall, the Shanghai Composite stock index fell in early trade before regaining most of the losses later in the morning. Until now, Chinese authorities had resisted locking down the city of almost 25 million people to avoid destabilising the world's second largest economy.
Clear and present danger: Expensive commodities raise risk of stagflation
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India's economy which is already reeling under inflationary pressure, now faces an ever increasing risk of stagflation. The economic trend of stagflation is marked by rising inflation and stagnant GDP growth. The trend is expected to accelerate the pace of inflation in coming months.
War's impact on commodity prices to dent GPD, demand growth
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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
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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
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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.
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