India’s economic growth slows in FY 21-22 fourth quarter; full year GDP growth at 8.7%

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Covid-related restrictions, global supply shortages and higher input costs due to uncertainties triggered by Russia’s invasion of Ukraines further slowed India’s economic growth in the fourth quarter of the 2021-22 fiscal (April-March) with full-year gross domestic product (GDP) growth hitting 8.7% after contracting by 6.6% in the previous financial year, government data showed. The GDP […]

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China’s GDP expands 4.8% in Q1 despite COVID-19 disruptions; outlook uncertain

China said its gross domestic product (GDP) expanded 4.8 percent year on year in the first quarter (Q1) of 2022 despite disruptions caused by the resurgence of COVID-19 cases and global uncertainties. The expansion is supported by a strong January-February economic recovery, the National Bureau of Statistics (NBS) said, adding retail sales grew by 6.7 […]

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CRISIL reiterates India’s 7.8% GDP growth next fiscal, with risks tilted to the downside

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Ratings agency CRISIL has reiterated its December 2021 forecast of India’s gross domestic product (GDP) growth at 7.8% in fiscal 2023, saying any potential upside due to the early end of a mild third wave of Covid-19 infections will be offset by the ongoing geopolitical strife stemming from Russia’s invasion of Ukraine, which is creating […]

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China’s recovery has broadened, economic growth seen reaching 8.5% in 2021 – World Bank

China’s recovery has broadened as economic activity has continued to normalise, the World Bank said, adding that its economic growth is projected to reach 8.5 percent this year before slowing to 5.4 percent in 2022, as low base effects dissipate and the economy returns to trend growth. Improved consumer and business confidence and better labor market […]

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Second Covid-19 wave throws cold water on Indian economy, says CRISIL, as it lowers GDP forecast to 9.5%

The second Covid-19 wave has thrown cold water over the Indian economy that was beginning to warm up after the most severe contraction since Independence, rating agency CRISIL said, adding that it was lowering it’s the country’s economic growth forecast by 150 basis points to 9.5 percent for the current fiscal. “The rash of afflictions […]

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India’s GDP contracts by 7.3% for 2020-21 financial year; grows by 1.6% in Jan-Mar quarter

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India’s Gross Domestic Product (GDP) for the fourth quarter (January to March) grew by 1.6%, but contracted by 7.3% for the full 2020-21 financial year, government data showed on Monday, after being severely hit by lockdowns triggered by the Covid-19 pandemic that ground all economic activity. The annual contraction was the worst in more than […]

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