GDP || Latest Expectations On India's GDP ||
India's economy may have contracted at a slower pace in the September quarter compared with the preceding three-month period, said economists surveyed by ET, pegging it a median 11.95%. They warned that the recovery will be patchy and uncertain though the worst may be over.
They called for a strong fiscal package to boost demand and even suggested monetisation if the bond market could not support a borrowings-funded stimulus. High Covid-19 cases and localised lockdowns to contain the spread are dampening demand, according to most of the respondents in an ET poll of 10 economists.
India's real gross domestic product (GDP) could have contracted 8-15.6% in the second quarter of FY21, they said. Nominal growth is seen shrinking around 7.5-9.5% in the quarter.
https://economictimes.indiatimes.com/news/economy/indicators/gdp-contraction-in-q2-likely-to-have-slowed-to-12-recovery-will-be-patchy-say-economists/articleshow/78356230.cms
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GDP || Latest Expectations On India's GDP || India's economy may have contracted at a slower pace in the September quarter compared with the preceding three-month period, said economists surveyed by ET, pegging it a median 11.95%. They warned that the recovery will be patchy and uncertain though the worst may be over. They called for a strong fiscal package to boost demand and even suggested monetisation if the bond market could not support a borrowings-funded stimulus. High Covid-19 cases and localised lockdowns to contain the spread are dampening demand, according to most of the respondents in an ET poll of 10 economists. India's real gross domestic product (GDP) could have contracted 8-15.6% in the second quarter of FY21, they said. Nominal growth is seen shrinking around 7.5-9.5% in the quarter. https://economictimes.indiatimes.com/news/economy/indicators/gdp-contraction-in-q2-likely-to-have-slowed-to-12-recovery-will-be-patchy-say-economists/articleshow/78356230.cms
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