Focus Merit

Category: Economy

UNCTAD forecasts India’s GDP at -5.9% for 2020, 3.9% in 2021

September 25, 2020
GDP
  • The United Nations Conference on Trade and Development (UNCTAD) forecasted India’s GDP Growth Rate at -5.9% percent for the year 2020 and 3.9 percent in 2021.

Fitch Solutions projects India’s GDP growth at -8.6% in FY21

September 20, 2020
GDP
  • Fitch Solutions has revised its forecast for Indian economic growth and now estimates that India’s GDP will contract by 8.6% in 2020-21 (FY21). Earlier this was estimated at -4.5%. It has also forecasted a 5% year-on-year growth in 2021 and 2022.

ADB forecasts India’s economy to contract by 9% in FY2020-21

September 17, 2020
GDP
  • The Asian Development Bank (ADB) has forecast a 9 per cent decline in the Indian economy in the current financial year 2020-21.

UBS Securities projects India’s GDP to contract by 8.6% in FY21

September 17, 2020
GDP
  • UBS Securities has projected India’s GDP  for 2020-21 (FY21) to contact by 8.6%.
  • For FY22, UBS Securities projects India’s GDP to grow by 10%.

OECD projects India’s GDP at -10.2% in FY21

September 17, 2020
GDP
  • The Organisation for Economic Cooperation and Development (OECD) expects the Indian economy to contract by 10.2% in FY21 (2020-21) as compared to its previous estimate of 16.7% in June. For FY22 (2021-22), the Paris-based OECD projects India’s gross domestic product (GDP) to grow at 10.7%.

CARE ratings projects India’s GDP to contact between 8-8.2% in FY21

September 16, 2020
GDP
  • The Indian rating agency, CARE Ratings has projected the GDP of India to contract in the range 8 to 8.2% for 2020-21 (FY21). This is more than its earlier projection of -6.4%.

S&P Global Ratings Projects India’s GDP at -9% in FY21

September 16, 2020
GDP
  • According to S&P Global Ratings Projects India’s GDP to contract by 9% in the fiscal year 2020-21 (FY21), as against its previous estimate of a 5% contraction, due to the impact of the COVID-19 pandemic.
  • For the FY22 (2021-22), S&P expects GDP growth of 6% and for the FY23 (2022-23), GDP growth is projected at 6.2%.

ADB: India’s economy to shrink by 9 percent in 2020

September 15, 2020
ADB
  • The Asian Development Bank (ADB) announced that India’s economy is expected to contract by 9% in 2020-worse than the 4% contraction which the bank had forecasted three months ago.

CARE ratings projects India’s GDP to contact between 8-8.2% in FY21

September 14, 2020
GDP
  • The Indian rating agency, CARE Ratings has projected the GDP of India to contract in the range 8 to 8.2% for 2020-21 (FY21). This is more than its earlier projection of -6.4%.

Five Star Villages Scheme for 100% rural coverage launched by Indian Post

September 12, 2020
indian post
  • With an aim to achieve 100% rural coverage a five-star scheme launched by Indian Post.
  • The objective of the scheme is to bridge the gaps in public awareness and reach of postal products and services, especially in interior villages.