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Nomura cuts FY22 growth estimate to 10.8% due to lockdowns
Nomura said its cut in the GDP growth estimate is reflective of a larger lockdown-led loss of sequential momentum in the June quarter
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India’s sovereign rating to remain at current level for next 2 years: S&P
S&P saw GDP growth rate dropping to 9.8% under the 'moderate' scenario, where infections peak in May, and falling to as low as 8.2% in 'severe' scenar
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Impact of COVID-19 second wave on economy to remain muted: FinMin report
Admitting that the second wave of the pandemic has posed a downside risk to economic activity in the first quarter of FY2021-22, the report said "ther
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India to breach fiscal deficit target in FY22: Fitch Solutions
Fitch Solutions said its less optimistic view on the Indian economy was also reflected in its real GDP growth forecast of 9.5 per cent in FY22
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Economic disruption gains momentum as Covid-19 cases surge: SBI Report
India has been witnessing a severe second wave with daily new cases more than 3.5 lakh for the past 9 days
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Second wave of Covid-19 pandemic may derail India’s economic recovery
The ongoing mobility curbs coupled with fears of extension of curfews and lockdowns have compelled economists to downgrade their GDP forecast for the
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Help nations to prevent health crisis from becoming economic crisis: FM to ADB
Finance Minister Nirmala Sitharaman underlined the need for a "coordinated and inclusive" global strategy to avoid the long-term debilitating impact o
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Normal monsoon should help contain food price pressures: Shaktikanta Das
RBI Governor Shaktikanta Das said the overall outlook for the economy is highly uncertain and is clouded with downside risks
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Goldman Sachs lowers India growth forecast for FY21 to 11.1%
Overall, most indicators still suggest that the impact has been less severe than it was in Q2 (April-June) last year, Goldman Sachs said
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75 lakh people lose jobs in April; unemployment at 4-month high: CMIE
The situation on the employment front is expected to continue to remain challenging going forward as well, CMIE's managing director and chief executiv
