Amid a sharp debate between the pro- and anti-lockdown camps, the size and nature of the fight on India's hands will become clear tomorrow when the government releases the GDP data for the January-March quarter and the full FY20. CRISIL estimates Q4 GDP growth at 0.5 per cent while ICRA has forecast the economy to grow at 1.9 per cent in the same period. A Reuters poll of 52 economists points to GDP growing at 2.1 per cent, its weakest in at least eight years. All macroeconomic indicators so far project a sombre picture for the economy. Among economists, there's a consensus that India is likely to register a negative growth in the current fiscal. The only difference in opinion is the extent to which it could contract. Even as India recovers from a crippling lockdown, it's hard to say how long it will take before the economy gets back to pre-Covid levels of production. Here are five key areas which, after tomorrow's data, will likely mark the onset of what could be a very dismal … [Read more...] about Five pointers that make Friday’s GDP data hard to miss
How can nominal gdp increase and real gdp decreased
This will be the most widespread contraction India has ever seen: GDP is a sum of income generated in various sectors of the economy. India has seen four instances of contraction in GDP since 1951-52, the earliest period for which GDP data is available in the 2004-05 GDP series. These took place in the years 1957-58, 1965-66, 1972-73 and 1979-80. … [Read more...] about What does a GDP contraction in FY 2020-21 entail for India?
"The prospects for FY21 in terms of consumption, investment and growth would depend on how soon the nation relaxes the rules of the lockdown and permits economic activity to commence. Second, the response of individuals would be critical on the resumption of this consumption cycle. The reverse migration and unemployment would be major pain points here," it said. … [Read more...] about COVID-19 impact | GDP growth in Q4FY20 seen at 3.6%: CARE Ratings
Home buyers are spending more time online looking for homes and buyer traffic remains strong in Virginia. According to ShowingTime, the number of buyers scheduling showings for homes has steadily increased in the last month. Showings are up 12% compared to January 2020 and we are getting closer to last year's numbers as well. Buyers who wanted to "wait and see" are now back in the market. … [Read more...] about How is COVID-19 Impacting the Alexandria Real Estate Market?
In the second scenario, with the country quenching the pandemic in the second half of April and its major investment and trade partners doing this in the fourth quarter, GDP is forecast to expand by 3.6-4.4 per cent on-year in this year, which is 2.4-3.2 per cent lower than the initial target of 6.8 per cent. Of this, the agro-forestry-fishery sector will likely rise 2.1-2.5 per cent on-year, while the industrial and construction sector will grow 5.8-6.7 per cent, and the service sector 1.8-2.8 per cent. … [Read more...] about Revised Vietnam’s GDP goals to buttress growth
Mr Ellis, who oversees the nation’s third largest real estate network - with 450 offices in Australia and New Zealand - said the coronavirus pandemic hadn’t so much resulted in a reordering of consumers priorities with their home at the top of the list. But rather had provided clarity on what was most important. … [Read more...] about End of COVID-19 epidemic in traditional real estate selling season of spring is set to boost market