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India's FY22 GDP now expected to grow at 8.9%
IANS -
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
IANS -
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
IANS -
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
IANS -
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
IANS -
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
IANS -
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
IANS -
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."
India's Q3FY22 GDP expected to grow at 6.2%: ICRA
IANS -
The expected YoY growth of the GDP and gross value added (GVA) at basic prices at constant 2011-12 prices in Q3FY22 will display a broad-based, base effect-led moderation to 6.2 per cent and 6 per cent, respectively, it said. In Q2FY22, the GDP grew by 8.4 per cent and 8.5 per cent, respectively.
India's Jan YoY exports rise over 25%
IANS -
The exports during January 2021 stood at $27.54 billion. The data by the Ministry of Commerce and Industry showed that in comparison to January 2020, last month's exports rose by 33.45 percent.
India's FY23 GDP growth projected at 7.8%: RBI Guv
IANS -
In a statement after the Monetary Policy Committee's bi-monthly meet, Das said the real GDP growth is projected at 17.2 per cent in Q1FY23, at 7 per cent in Q2; at 4.3 per cent in Q3 and Q4 at 4.5 per cent. On Thursday, RBI retained its key short-term lending rates during the sixth and final monetary policy review of FY22.
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