Leading investment banks revise GDP estimates for current fiscal – project less contraction

~ by Trinanjan Chakraborty Leading experts have revised their estimates for the growth trajectory of the Indian economy in the pandemic hit current fiscal with most projecting better performance than earlier predictions. The Indian economy suffered a sharp contraction of -23.9% in Q1 (Apr-Jun) of the current fiscal as the pandemic induced lockdown brought almost … Continue reading Leading investment banks revise GDP estimates for current fiscal – project less contraction

Wholesale price-based inflation hits an eight month high in October, Retail inflation at 6 year peak

~ Trinanjan Chakraborty The wholesale price (WPI) based inflation in the country rose to an eight-month high of 1.48% in October, data released by the Ministry of Industry & Commerce yesterday showed. The WPI inflation stood at 1.32% in Sep’20 and was 0.0% in Oct’19. The last time the WPI inflation was higher than in … Continue reading Wholesale price-based inflation hits an eight month high in October, Retail inflation at 6 year peak

RBI news-bulletin predicts Q2 GDP to shrink by 8.6%, economy to enter recession mode

~ by Trinanjan Chakraborty The Reserve Bank of India (RBI), in an article titled “State of the Economy” in its bulletin “Nowcast” has stated that the GDP is expected to shrink by 8.6% in the second quarter (Jul-Sep) of the current fiscal. “Nowcasting” is the prediction of the present or the very near future of … Continue reading RBI news-bulletin predicts Q2 GDP to shrink by 8.6%, economy to enter recession mode

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