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India only key nation with double-digit growth in FY22: IMF

-The Indian Express In its latest World Economic Outlook Update, released Tuesday, the IMF predicted that China would grow 8.1 per cent in 2021, followed by Spain (5.9 per cent) and France (5.5 per cent). The Indian economy will stage a strong rebound and grow as much as 11.5 per cent on year in FY22, the International Monetary Fund (IMF) said on Tuesday, revising up its earlier forecast of an 8.8 per...

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Why we must listen to farmers -Sudeshna Maya Sen

-IDROnline.org Agriculture value-chains can only be strengthened by listening to multiple actors; most importantly, farmers. India has been witnessing a spate of month-long farmer protests across the country, particularly in the national capital, against the recently introduced farm bills by the central government. One of the major reasons behind these agitations, including calls for repealing the law, is that farmers were not actively involved in the policymaking cycle of these laws, which...

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RBI Warns Gross NPAs of Banks May Escalate to 14.8% in September in Absence of Adequate Capital

-Moneylife.in While highlighting the need for proactive building up of adequate capital for banks to withstand possible asset quality deterioration, the Reserve Bank of India (RBI) has warned that the gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) may escalate to 14.8% under a severe stress scenario. In its financial stability report (FSR), the central bank says, "Macro stress tests incorporating the first advance estimates of gross domestic product (GDP) for...

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India's real GDP to expand by 10.1% in FY2022: Icra

-Livemint.com/ PTI Icra expects the headline CPI inflation to decline to 4.6% in FY2022 from 6.4% in FY2021, while exceeding the mid-point of the Monetary Policy Committee's medium target of 4%, for the third consecutive year MUMBAI: Domestic rating agency Icra Ratings on Monday said it expects the country's real gross domestic product (GDP) to grow by 10.1% in FY2022. It, however, said the value of GDP in the next financial year will...

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Seven key takeaways from India’s latest GDP data -Udit Misra

-The Indian Express India’s GDP 2020-21: This year, India’s per capita GDP, per capita private consumption and the level of investments in the economy — all will fall to levels last seen in 2016-17 or earlier, reveals latest official GDP data. On Thursday, the Ministry of Statistics and Programme Implementation released the First Advance Estimates (FAE) for the current financial year. According to MoSPI, India’s gross domestic product (GDP) — the total...

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