COVID-19 IMPACT: INDIAN GDP WILL SHRINK 5.3 PERCENT IN FY21 SAYS IND-RA

Highlights

• Ind-Ra predicts growth of 5 to 6 percent in FY22

• Earlier this week, Fitch and Moody’s predicted Indian economy to contract  5 percent and 3.1 percent in FY21

• Ind-Ra forecasted India’s fiscal deficit may expand more tha...

ADB PROJECTS CONTRACTION OF 4% IN THE INDIAN ECONOMY IN FY21

Highlights

• As per the report made by ADB, though the petrol prices declined in May, the food inflation went up by 7.4 percent YoY 

• ADB states that Indian economy will jump 5 percent in FY22

• On Friday, Fitch revised its outlook on IDR to nega...

UNLOCK 1 HAS BOOSTED THE INDIAN ECONOMY SAYS CHRIS WOOD OF JEFFERIES

Highlights

• CRISIL, Moody, Goldman Sachs and various other firms have predicted contraction of 5 percent in the Indian economy

• Chris Wood said the recent rally in Indian stock markets showcase the mood of investors, though there will be nil growth in the country&r...

AFTER CRISIL AND GOLDMAN SACHS, S&P SAYS INDIAN ECONOMY WILL SHRINK BY 5% IN FY21

While the world is fighting the only battle, most probably against the COVID-19, India is fighting multiple. The world’s second most populated country and one of the emerging economies, India is under lockdown since two months. The lockdown which was imposed to curtail the spread of coronav...

EX RBI GOVERNOR SAYS INDIAN ECONOMY WILL SEE A JUMP OF 5 PERCENT IN FY22

Highlights

• Former RBI Governor Duvvuri Subbarao stated that this COVID-19 pandemic is unlike natural disaster and country’s can ramp up growth as companies are still standing and transport system is in place

• Rating agency CRISIL and global investment compan...

INDIA’S WORST EVER RECESSION SINCE INDEPENDENCE IS HERE SAYS CRISIL

There is no point in hiding that the India’s crippling economy was devastated by the coronavirus pandemic. Majority of the businesses and industries remained closed since two months due to nationwide lockdown imposed to curb the spread of virus. Though the Central government has eased lockd...

CRISIL reduces AGR liability debt to Vodafone Idea

Vodafone Group plc is a multinational company in telecommunications. The registered office is in Newbury, Berkshire, Great Britain, and its national office are in London, Great Britain. It operates primarily in the Asian, African, European and Oceanian countries. Vodafone ranked fourth in 2018 am...

2019 has turned out to be a bad year for the economy of India

With the recession, job loss and companies winding up operations, 2019 has turned out to be a bad year for the economy of India. In the second quarter, the GDP growth rate fell to its lowest for six years. The estimates released by the Central Statistics Office (CSO) revealed that India's GDP...