The economic research team of the State Bank of India (SBI) released its Ecowrap report on January 08, 2022. India’s gross domestic product (GDP) is expected to grow more than 9.5 % in FY21-22, according to SBI research report-Ecowrap. The economy registered an 8.4 % growth in the second quarter of the current fiscal (FY22), as per […]
India’s Real GDP projected to grow at around 9.5% in FY22: SBI Ecowrap Read More »
The ratings agency India Ratings and Research (Ind-Ra) has downgraded the GDP of India for the current fiscal FY 2021-2022. For the entire FY22, the GDP is expected to clock a growth rate of 9.3% y-o-y, 10bps lower than our earlier estimate of 9.4%.” Meanwhile, Brickworks Ratings has also revised India’s GDP growth forecast for
Ind-Ra lowers India’s GDP growth forecast by 10 basis points to 9.3% in FY22 Read More »
As per the data released by the Ministry of Finance, the gross GST (Goods and Services Tax) revenue collected in December 2021. The gross GST(Goods and Services Tax) revenue collected in December 2021 stood at ₹1,29,780 crore, which is slightly lower than the revenue collected in November. The revenues collected in December 2021 is 13 percent higher than
GST Collection in December 2021 stands at over Rs 1.29 crore: FinMin Read More »
Asian Development Bank has trimmed its 2021 growth forecast for India to 9.7% from 10% but left the 2022 growth forecast unchanged at 7.5%. The inflation forecast of developing Asia was revised to 2.1% for 2021 and unchanged at 7% for 2022. Asian Development Outlook Supplement Report 2021-22: In its Asian Development Outlook Supplement Report of December 2021, the Asian Development Bank (ADB) has trimmed the growth forecasts for
ADB projected growth forecast for 2021-2022 for India at 9.7% Read More »
Wall Street brokerage, Goldman Sachs has estimated India’s GDP growth at 9.1 % in 2022. After India’s economy contracted by a sharp 7% in 2020, Goldman Sachs pegged the economy to grow at 8% in 2021 and 9.1% in 2022. It earlier estimated India’s economic growth to 11.1% in the fiscal year to March 31, 2022.
The rating agency, India Ratings and Research (Ind-Ra) expects India’s Gross Domestic Product (GDP) in the Second Quarter of Financial Year-2022 (Q2 FY22) at 3%and in FY22 at 9.4%. Workplace mobility in Q1 FY22 was 26% lower than the baseline and 16% lower year-on-year than the baseline at The government’s capital expenditure (capex) grew 51.9% in Q2 FY22 as against
Moody’s Investors Service has projected the GDP growth rate of the Indian economy as follows: India’s GDP growth rate prediction for FY22 as per Moody’s : 9.3%. India’s GDP growth rate prediction for FY23 as per Moody’s : 7.9%. In terms of Sovereign ratings, Moody’s has estimated a ‘Baa3’ rating on India with a negative outlook. The economy rebounded quickly
Moody’s Projects India’s GDP growth forecast in FY22 at 9.3%; FY23 at 7.9% Read More »
Goldman Sachs on November 23 forecast India’s GDP to grow to 9.1% year-on-year in 2022 from 8% in 2021, following a sharp contraction of 7% in 2020, driven by consumption. Earlier this was estimated at 11.1 percent. Goldman Sachs pegged the economy to grow at 8 percent in Calendar Year 2021 and 9.1 percent in Calendar
Goldman Sachs projects India’s GDP at 9.1% in FY22 Read More »
SBI Research has revised upwards India’s GDP growth projection to a range of 9.3%-9.6% for FY 22 (2021-22) as the country recorded only an 11% increase in Covid cases during July-September (Q3) 2021 period, second-lowest among the top 15 most affected countries. Earlier this was estimated in the range of 8.5%-9%. The reason for the
SBI Ecowrap report projects India’s GDP for FY22 between 9.3%-9.6% Read More »
UBS Securities has made the following GDP growth rate projections for India for various years: For 2021-22 (FY22)= 9.5% For 2022-23 (FY23)= 7.7% For 2023-24 (FY24)= 6.0% UBS Securities is a swiss brokerage firm.
UBS projects India’s GDP growth forecast at 9.5% for FY22 Read More »
