Gdp Data Revision

The International Monetary Fund on Tuesday revised India's 2023 growth forecast upwards to 6.3 per cent - in line with its unchanged outlook for 2024 - to reflect "stronger-than-expected consumption" in the April-June quarter.

The lower-than-expected growth was led by an upward adjustment in the base year GDP, Pranjul Bhandari, chief India economist at HSBC said, adding that the level of output compared to pre-pandemic quarters continued to improve.

The National Statistical Office (NSO) on Tuesday revised GDP growth data for the past three years -- 2019-20, 2020-21 and 2021-22 and also released the second advance estimates of GDP for 2022-23.

Fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised Budget Estimates, according to government data released on Tuesday.

India GDP Forecast 2021-22: The World Bank revised the country's growth forecast to 8.3 per cent for the current financial year 2021-22, compared to the earlier estimate of 10.1 per cent.

Domestic credit rating agency India Ratings and Research (Ind-Ra) revised the gross domestic product (GDP) growth forecast for the financial year 2021-22 to 9.4 per cent

Q4 GDP Data Preview: According to a poll conducted by news agency Reuters, economists warned the outlook is either 'weak and prone to further downgrades' or 'fragile, with a limited downside.'

The real GDP in the financial year 2021-22 is estimated to be Rs 148.2 lakh crore which is 10.7 per cent lower than the fiscal year's trend value.

India Ratings said it expects the country's GDP to rebound, and expand at 9.9 per cent year-on-year in financial year 2021-22.

India's gross domestic product (GDP) contracted 23.9 per cent in the April-June period - much worse than economists' estimates, official data showed on Monday, as the coronavirus pandemic brought key industries to a halt and rendered millions of people jobless. That marked the worst incidence of negative growth for the economy since 1996, when Indi...

Credit ratings major Moody's on Tuesday cut its forecast for GDP or gross domestic product expansion in India on account of the economy fallout from the coronavirus (COVID-19) pandemic, which has pushed world business into a standstill. Moody's Investors Service now projects the country's economy to grow 0.2 per cent in 2020, marking a sharp downwa...

India's gross domestic product (GDP) grew 4.7 per cent in October-December, in line with economists' estimates, official data showed on Friday. The government said the latest GDP estimate indicates that the economy has bottomed out.The National Statistical Office's estimates on GDP growth in the country come days after Finance Minister Nirmala Sith...

For the fiscal 2019-20 (till March 31, 2020), the fiscal deficit has been revised to 3.8 per cent now.

India's growth forecast has been slashed by the International Monetary Fund or IMF for the financial year 2019-20, however the country still retains its rank as the world's fastest-growing major economy, tying with China. The IMF said the Indian economy is set to grow 6.1 per cent in 2019 and 7 per cent in 2020, stating that the downward revision f...

The slump will put the onus on the RBI to continue cutting interest rates after 110 basis points of easing already this year, the economists said.

The International Monetary Fund on Tuesday revised India's 2023 growth forecast upwards to 6.3 per cent - in line with its unchanged outlook for 2024 - to reflect "stronger-than-expected consumption" in the April-June quarter.

The lower-than-expected growth was led by an upward adjustment in the base year GDP, Pranjul Bhandari, chief India economist at HSBC said, adding that the level of output compared to pre-pandemic quarters continued to improve.

The National Statistical Office (NSO) on Tuesday revised GDP growth data for the past three years -- 2019-20, 2020-21 and 2021-22 and also released the second advance estimates of GDP for 2022-23.

Fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised Budget Estimates, according to government data released on Tuesday.

India GDP Forecast 2021-22: The World Bank revised the country's growth forecast to 8.3 per cent for the current financial year 2021-22, compared to the earlier estimate of 10.1 per cent.

Domestic credit rating agency India Ratings and Research (Ind-Ra) revised the gross domestic product (GDP) growth forecast for the financial year 2021-22 to 9.4 per cent

Q4 GDP Data Preview: According to a poll conducted by news agency Reuters, economists warned the outlook is either 'weak and prone to further downgrades' or 'fragile, with a limited downside.'

The real GDP in the financial year 2021-22 is estimated to be Rs 148.2 lakh crore which is 10.7 per cent lower than the fiscal year's trend value.

India Ratings said it expects the country's GDP to rebound, and expand at 9.9 per cent year-on-year in financial year 2021-22.

India's gross domestic product (GDP) contracted 23.9 per cent in the April-June period - much worse than economists' estimates, official data showed on Monday, as the coronavirus pandemic brought key industries to a halt and rendered millions of people jobless. That marked the worst incidence of negative growth for the economy since 1996, when Indi...

Credit ratings major Moody's on Tuesday cut its forecast for GDP or gross domestic product expansion in India on account of the economy fallout from the coronavirus (COVID-19) pandemic, which has pushed world business into a standstill. Moody's Investors Service now projects the country's economy to grow 0.2 per cent in 2020, marking a sharp downwa...

India's gross domestic product (GDP) grew 4.7 per cent in October-December, in line with economists' estimates, official data showed on Friday. The government said the latest GDP estimate indicates that the economy has bottomed out.The National Statistical Office's estimates on GDP growth in the country come days after Finance Minister Nirmala Sith...

For the fiscal 2019-20 (till March 31, 2020), the fiscal deficit has been revised to 3.8 per cent now.

India's growth forecast has been slashed by the International Monetary Fund or IMF for the financial year 2019-20, however the country still retains its rank as the world's fastest-growing major economy, tying with China. The IMF said the Indian economy is set to grow 6.1 per cent in 2019 and 7 per cent in 2020, stating that the downward revision f...

The slump will put the onus on the RBI to continue cutting interest rates after 110 basis points of easing already this year, the economists said.