Sitharaman vs Chidambaram on India becoming 3rd largest economy
Sitharaman termed Chidambaram "arithmetic inevitability" remarks as "misleading" and explained her rationale.
Sitharaman termed Chidambaram "arithmetic inevitability" remarks as "misleading" and explained her rationale.
Citing the deteriorating global scenario, the World Bank on Thursday downgraded India's GDP forecast for the current fiscal to 6.5 per cent.
Besides, it has excluded the impact of the release of food subsidy arrears in FY2021, based on the clarification provided by the National Statistical Office (NSO).
PHDCI Economy GPS Index was 103 in February 2020, with an improvement of 19 points in February 2021 over February 2020.
The GVA in Q3 2020-21 from the manufacturing sector grew 1.6 per cent, as compared to a de-growth of (-) 1.5 per cent in Q2FY21.
For the Asia Pacific region in general, SMBs continue to make progress in their digitalisation journeys, despite challenges.
A base case is the most probable case or expected case. While a bear case means a typically pessimistic case.
Fitch said its forecasts are subject to considerable risks due to the continued acceleration in the number of new COVID-19 cases as the lockdown is eased gradually.
Two other global rating agencies - S&P and Fitch - too has projected Indian economy to shrink by 5 per cent in the current fiscal.
An economist poll conducted by Reuters had pegged GDP growth at 2.1 per cent in the last quarter of FY 2019-20.
