Dr. Niranjan Hiranandani, National President, NAREDCO What are the reasons for positive sentiments? There is a positive sentiment visible across the economy, and as GDP growth happens through the V-shaped recovery, the aspect of recovery in commercial real estate, especially office spaces, rem... Read more...
India's GDP may turn positive at 1.3 percent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government will release the GD... Read more...
Nomura’s India Business Resumption Index (NIBRI), a measurement for tracking the extent of normalisation in the economy, has hit 98.1 points during the fortnight ended February 14. The measure may very well hit the 100 mark, which will signify full recovery by the end of this month. “The cont... Read more...
Expectations that the country's GDP would record growth in the third and fourth quarters of 2020-21 are getting stronger on account of various reforms undertaken by the government in the last ten months, PHDCCI said that out of the 10 indicators of QET (Quick Economic Trends) of economic and busines... Read more...
Bahrain’s economic growth is projected at 3.3 per cent in 2021 and is expected to remain flat at around 3 per cent over the medium term, according to the International Monetary Fund (IMF). “Bahrain moved quickly to address the health and economic effects of the COVID-19 pandemic, protecting l... Read more...
India Ratings and Research said it estimates the gross domestic product (GDP) growth to bounce back to 10.4% year on year (YoY) in FY22, driven by the base effect. Although the recovery in FY22 on a YoY basis will be V-shaped, the size of the GDP will barely surpass the level attained in FY20 a... Read more...
Finance Minister Nirmala Sitharaman said on 1st February the fiscal deficit for FY21 has been pegged at 9.5 per cent of the GDP and will come down to 6.8 per cent in FY22. The fiscal deficit will reach below 4.5 per cent by FY26, she said while presenting the Union Budget 2021-22. Sitharaman said wh... Read more...
Finance minister Nirmala Sitharaman is all set to present her next budget in the Lok Sabha today. She has assured a budget “like never before”. There is expectation that the budget could be transformational in its measures for health care, on job creation and for the Micro Small and Medium Enter... Read more...
The Budget Session of the Parliament began on January 29th and Finance Minister Nirmala Sitharaman tabled the Economic Survey 2020-21 in the Lok Sabha. The annual document by the Ministry of Finance under the guidance of Chief Economic Advisor KV Subramanian provides a summary of annual economic dev... Read more...
Harsh Jain, Co-founder and COO, Groww The Economic Survey forecasts the GDP growth to be back to 6-7% levels by FY 24. The survey also predicts a GDP growth of 11% in FY 22 based on the economy's inherent strengths and low base effect. The survey has recommended expansionary fiscal policy, i... Read more...