The country's GDP growth can be 5.8 percent in the October-December quarter. This estimate has been expressed in the research report Ecowrap of State Bank of India (SBI). It said that the country's economy grew at a rate of 8.4 percent in the second quarter of 2021-22. However, the GDP growth rate in July-September was lower than the 20.1 percent growth in the previous quarter.
NSO forecast on February 28
Significantly, the National Statistical Office (NSO) will announce the GDP estimates for the third quarter of the current financial year on February 28. According to this research report released by SBI on Friday, according to the SBI Nowcasting model, the estimated GDP growth rate for the third quarter of the financial year 2021-22 will be 5.8 percent. In this, the GDP growth forecast for the full year (FY 2021-22) has been reduced from 9.3 percent to 8.8 percent.
Poor can get 50 thousand rupees
The Nowcasting model is based on 41 high-frequency indicators related to industrial activities, service activities, and the global economy. Along with this, the report states that the government can offer livelihood loans up to Rs 50,000 to the rural poor.
States' fiscal deficit is 3.6%
Rating agency India Ratings has revised the fiscal outlook for states from 'neutral' to 'improving' for 2022-23. Said that based on revenue growth, the total fiscal deficit of the states can come to 3.6 percent of their GDP. Earlier, the agency had projected the fiscal deficit to be 4.1 percent of GDP in the next financial year.
It has been forecast to be 3.5 percent of GDP in 2021-22. The agency said that the gross market borrowing of the states in 2021-22 is estimated at Rs 6.6 lakh crore and net market borrowing at Rs 4.6 lakh crore. This is lower than the previous estimates of Rs 8.2 lakh crore and Rs 6.2 lakh crore, respectively.
Climate Change: Weather forecast in India has become difficult due to climate change
Climate change has made weather forecasting difficult in India. To improve the forecast, the Mete
India's Foreign Minister S Jaishankar had said in an interview – Gone are the days when the
An MoU has been signed between the CICA Secretariat and the Eurasian Economic Commission (EEC) of
Work From Home: On Tuesday (July 19), some guidelines related to working from home have been issu
India has the potential to become a world leader in footwear, and leather: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal said on Tuesday that India has the potential to
Nepal Earthquake: People in panic due to the earthquake in Nepal, one woman died due to a landslide
Nepal Earthquake: Last Tuesday (September 3), there was an earthquake in Nepal whose intensity wa
America has said in a report that China has threatened its officials. He has warned American offi
Shoaib Akhtar surprised to see team India ODI World Cup Squad: Former Pakistan fast bowler Shoaib
Anil Kapoor shooting with Marvel's Hawkeye, reality series will come on Hotstar!
Although Anil Kapoor and Jeremy Renner worked together for the 2011 film Mission Impossible - Gho
The thumping majority won by the BJP in the Gujarat elections has been seen by the international
