The Asian Development Bank has downgraded India's economic growth forecast for the current financial year to 10 per cent.
At times one gets the feeling that our PM believes in the magical power of the mantras to the exclusion of all other forms of policymaking and implementation.
It is time we should transform Tamil Nadu into a favourable destination for investments in South Asia, says the Chief Minister
By providing free water to a certain limit and high prices beyond it, state governments can ensure not just judicious use of water but also its equitable distribution
The new president said suitable fiscal measures to alleviate the stress of people impacted by the second wave of COVID-19 are the need of the hour.
Tthe World Bank said that at the same time many emerging markets and developing economies continue to struggle with the COVID-19 pandemic and its aftermath.
It also projected growth at 7.5 per cent in 2022 even as its recovery is being hampered by an unprecedented second wave of the COVID-19.
What are the policy options before the government to resuscitate the economy from the second shock and speed up growth?
The projected losses may amount to cuts and bruises on the economy as against last fiscal's broken bones owing to a historic 24% contraction in Q1 of FY21
This would mean that the NSO projection of a double-dip contraction is avoided. The agency has placed the full-year contraction at 8.45 per cent.
While containment measures will weigh on India's ongoing economic recovery, the localised nature of restrictions means that the actual impact is likely to be much less severe relative to lockdown.
S&P forecasts 11 per cent growth for India this fiscal, flags 'substantial' impact of broader lockdowns
In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy.
China’s economic growth surged to 18.3% over a year earlier in the first quarter of this year as factory and consumer activity recovered from the coronavirus pandemic.
The forecast of India's growth rate for 2021 is noted to be higher than any other major economy in the world including US which is calculated to be 5.5 per cent.
Policymakers had expected positive GDP growth in January-March to restrict the annual FY21 contraction to 7.5-8 per cent.