Search For "fy21"
States' GSDP to contract up to 14 pc in FY21: Ind-Ra
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], June 29 (ANI): India Ratings and Research (Ind-Ra) expects the gross state domestic product (GSDP) of all states in India to contract during the current financial year in the range of 1.4 to 14.3 per cent.
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Asset quality pressures building in housing loan portfolio, NPAs to worsen
Updated : 5 years, 11 months ago IST
New Delhi [India], June 26 (ANI): Nearly 30 per cent of housing finance companies (HFCs) portfolio is under moratorium and their gross non-performing assets (GNPAs) are likely to increase to 2.5 to 3 per cent in FY21, rating agency ICRA said on Friday.
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India's economy in deep trouble, growth may contract 5 pc in FY21: S&P
Updated : 5 years, 11 months ago IST
Singapore, June 26 (ANI): S&P Global Ratings said on Friday that Indian economy is in deep trouble with growth expected to contract by 5 per cent in the current financial year 2020-21.
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GDP to contract by 5.3 pc in FY21 due to Covid-19 woes: Ind-Ra
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): India's gross domestic product (GDP) will contract by 5.3 per cent year-on-year in the current financial year (FY21), marking the lowest growth rate in the country's history and sixth instance of economic contraction, India Ratings and Research (I
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Indian economy to shrink 4.7 pc in FY21, inflation likely at 5 pc: Motilal
Updated : 5 years, 12 months ago IST
Mumbai (Maharashtra) [India], June 12 (ANI): India's real and nominal GDP could contract by 4.7 and 3.5 per cent this year due to the Covid-19 crisis, Motilal Oswal Financial Services Ltd (MOFSL) said on Friday.
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States' deficit, market borrowings to increase to 4.5 pc of GDP: Ind-Ra
Updated : 6 years ago IST
Mumbai (Maharashtra) [India], May 26 (ANI): India Ratings and Research (Ind-Ra) expects the aggregate fiscal deficit of states to now rise to 4.5 per cent of gross domestic product (GDP) in FY21 as against the agency's earlier forecast of 3 per cent.
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Equity indices in red after RBI rate cut, banking stocks down as loan mora
Updated : 6 years ago IST
Mumbai (Maharashtra) [India], May 22 (ANI): Equity benchmark indices closed lower on Friday due to underperformance by banking and financial stocks as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points to inject liquidity and extended the l
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Equity indices tumble by 1 pc on RBI rate cut, banking stocks suffer as mo
Updated : 6 years ago IST
Mumbai (Maharashtra) [India], May 22 (ANI): Equity benchmark indices fell by 1 per cent during the afternoon on Friday as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points and extended the loan repayment moratorium for another three months
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RBI cuts key interest rates, forecasts H1 FY21 GDP growth to contract on C
Updated : 6 years ago IST
Mumbai (Maharashtra) [India], May 22 (ANI): The Reserve Bank of India (RBI) on Friday unveiled a series of measures to minimise the impact of coronavirus (COVID-19) pandemic and subsequent countrywide lockdown which is likely to contract GDP growth rate in the first half of current financial
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Covid-19 to inflict loss of Rs 1 lakh crore on real estate sector in FY21:
Updated : 6 years ago IST
New Delhi [India], May 19 (ANI): The consequent loss of Covid-19 pandemic outbreak to India's real estate sector is estimated to be Rs one lakh crore by the end of current financial year, according to a new report by global professional services firm KPMG released on Tuesday.
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Dairy products output to grow 10 pc to Rs 2.83 lakh crore in FY21: Ind-Ra
Updated : 6 years ago IST
Mumbai (Maharashtra) [India], May 18 (ANI): The manufactured dairy products output is estimated to grow 10 per cent to Rs 2.83 lakh crore in the current financial year from Rs 2.56 lakh crore in FY20 as households continue to drive the consumption of milk and milk products, India Ratings and
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Increased government borrowing unlikely to translate into meaningful fisca
Updated : 6 years ago IST
New Delhi [India], May 16 (ANI): The government's announcement of enhancing gross borrowings to Rs 12 lakh crore from the budgeted Rs 7.8 lakh crore in FY21 will largely take care of the revenue shortfall, leaving little space for fiscal stimulus, unless the Centre sharply cuts the budgeted
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