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OMICRON IMPACT ON GDP
Ahead of the Q4 GDP numbers, here's what the economists are sayingIndia's economy likely slowed in the fourth quarter and is expected to grow between 3.5-5.5%, economists predict. The fourth quarter econom...- China’s covid lockdowns could threaten half of economyAuthorities on Sunday placed Shenzhen’s 17.5 million residents into lockdown for at least a week amid a surge of Covid-19 infections in the...
- What the Q3 GDP numbers convey: 10 key takeawaysThe major reason behind lowering the projection is due to an upward revision in the GDP print for FY21. The economy contracted by 6.6 per c...
- India’s slowing economic recovery faces fresh geopolitical risksThe loss of momentum comes amid disruptions from waves of virus outbreaks and lingering external risks, most notably from high commodity pr...
- India's economy may have grown 6% in the third quarterestimate of 6%. India's gross domestic product had grown 20.1% and 8.4% in the first and second quarters, respectively, and 0.5% a year ear...
- Barclays pegs India's Q3 GDP growth at 6.6%"Given the quick containment of infections and fast removal of movement restrictions, we see the impact on activity being mild, especially ...
- UBS slashes FY22 GDP forecast by 40 bps to 9.1 pc; ups projection for FY23 to 8.2 per centThe country has been reporting a massive surge in the coronavirus infections led by Omicron, the new variant of the virus, which has risen ...
- RBI's policy normalisation may get delayed to April: Kaushik Das'You will not get a broad-based kind of support the way we got in 2021 because we are learning to live with the virus. To some extent, peop...
- How India's Covid-hit economy can ride out the Omicron variant waveThe impact of the third wave on the economy, therefore, in our view will be lower than on earlier occasions. Moreover, once the third wave ...
- Will Omicron trip India’s $5-trillion economy plans? Nomura’s Aurodeep Nandi explains“We have downgraded our GDP growth projection for FY22. It was earlier 9.2%. We brought that down to 8.7%, particularly in the last quarter...
- Domestic ratings agencies lower FY22 growth estimate to 8.5-9.3% on 3rd waveBrickwork Ratings revised its estimate on India's GDP to 8.5-9% from 10%, while India Ratings & Research cut its forecast to 9.3% from 9.4%.
- Economists see Omicron forcing RBI to delay policy normalisationThe country has reported a single-day rise of 58,097 new COVID-19 cases as of Wednesday morning--the highest in around 199 days-- of which ...
- Oil climbs above $80 as OPEC+ agrees output increaseBrent crude was up $1.50, or almost 2 per cent, at $80.48 a barrel by 1450 GMT and U.S. West Texas Intermediate (WTI) crude rose by $1.48, ...
- Economists feel an uptick in investment and demand in FY23 will broad-base growth“While we are watchful of the economic impact of global spread of Omicron, we are cautiously optimistic economic recovery in India will be ...
- Wall Street Week Ahead: 'Santa Claus' stocks rally? Investors look to Omicron for directionOverall, the S&P 500 is down only 0.1% since the Omicron variant was identified on Nov. 24. Travel and tourism stocks that would be most af...
- MPC is debating policy normlisation, latest minutes indicateThe MPC kept the policy repo rate unchanged at 4.0 per cent. The reverse repo rate too was maintained at 3.35 per cent.
- Import demand push, possible fall in exports due to Omicron may keep trade gap elevated, say analystsGrowth in exports eased to 26.5 per cent year-on-year in November from 43.1 per cent in October, while import growth was at 57.2 per cent y...
- India to log double-digit growth this fiscal: CEA K V SubramanianThe government estimates fiscal deficit at 6.8 per cent of the gross domestic product (GDP) for the current financial year ending on March ...
- India's Q2 GDP grows at 8.4% as economic activity recovers after second virus waveThe bounce back in the second quarter is led by improvement in private consumption and investment. Private consumption forms the majority o...
- MSME, microfinance, unsecured loans to be worst hit by new NPA norms for NBFCs: CrisilImpact of the new RBI norms on unsecured loans NPA is expected to be in the range of 1.5-3.0%, for MSME finance it is expected to be in the...
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