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GDP SHRINKAGE
UK economy shrinks 0.1% in May, raising new worries over outlookBritain's economy unexpectedly shrank for the second consecutive month in May, falling by 0.1% after a 0.3% drop in April, raising concerns...- Not-So-Great Britain's curse of the coloniesThe economic output of the United Kingdom has dropped by 0.3% in October on a month-on-month basis, and revised figures indicate a 0.1% GDP...
- RBI differs with World Bank on growth, inflation; expects higher crop output to help ease price pressuresThe Reserve Bank of India differed with the World Bank and painted a better picture of India's growth prospects and expected price pressure...
- Real GDP likely to sustain 9% growth rate in FY22 & 23: Icra"We are maintaining our forecast of a 9% GDP expansion in FY22, with a clear K-shaped divergence amongst the formal and informal parts of t...
- India's real GDP likely to maintain 9 pc growth rate in FY2022, FY2023: ReportIn any case, fresh restrictions being introduced by several states to curb the spread of COVID-19 may temporarily interrupt the economic re...
- SBI research sees higher job formalisation rate this fiscalIt asked the government to ensure that the existing tax structure is favourable to the taxpaying population, which constituted 8.5% of the ...
- State GSDP numbers might undergo revision: SBIIn a report, it also said it found a “significant gap" between its estimates and revised estimates provided by West Bengal, Uttar Pradesh, ...
- India's real GDP to expand by 10.1% in FY2022: Icra“After a 7.8 per cent pandemic-driven shrinkage in the ongoing fiscal (FY2021), India's real GDP is projected to record a growth of 10.1 pe...
- India's April-November fiscal deficit tops 135% of full-year targetNet tax receipts were 6.88 trillion rupees, while total expenditure came to 19.06 trillion rupees, the data showed.
- A look at revision in GDP estimates and reasons, risks to those projectionsExports falter due to reinstatement of Covid curbs in major trading partners.
- GDP may witness 57-64% sequential growth in Q2From an unprecedented 23.9% contraction in the June quarter, the economy is seen shrinking 8.6% in the September quarter, as per the centra...
- US economy notches record growth in third quarterGross domestic product rebounded at a 33.1% annualized rate last quarter, the Commerce Department said in its advance estimate on Thursday.
- Fiscal deficit overshoots budget target in July on lower revenue collectionAccording to the data released by the Controller General of Accounts (CGA), fiscal deficit during April-July was at 103.1 per cent of the a...
- Analysts flag growth concerns post lockdown extensionThe government had unveiled a Rs 1.7 lakh crore relief package right after announcing the national lockdown last month, but analysts have b...
- May need more currency as GDP size increasing: RBI officialFollowing demonetisation in November 2016, there was a shrinkage in currency in the system.
- Crude shock: Icra sees CAD doubling to 1.5% of GDP by MarchThe widening merchandise trade deficit will lead to a deterioration in CAD to USD 12-15 billion or 2-2.3 per cent of GDP in the December qu...
- Economy on 'upward curve', monsoon, GST to push growth: FM Arun JaitleyOn the forecast of a good monsoon this year, Jaitley said it "would mean an increase in agriculture production, more purchasing power and r...
- Govt may cut 2% import duty on gold in budget: BoAMLWe expect the current account deficit to widen to 2.6 per cent of GDP in FY15 from 1.7 per cent in FY14 especially as latent demand could l...
- Growth in rich economies crimped by destocking in Q4: OECDIn France, private consumption and net exports contributed to growth of 0.3 per cent, but destocking reduced growth by 0.3 percentage point...
- Retail fraud management is need of the hourIndia, for the fourth time in five years, has been ranked as the most attractive country for retail investment among 30 emerging markets, a...
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