\"We have revised our forecast for GDP growth for FY22 as the underlying conditions have changed rapidly in the last 30 days or so. It stands now at 10.2 per cent,\" Care Ratings said

Nomura has downgraded projections of economic growth for the fiscal year ending March 2022 to 12.6 per cent from 13.5 per cent earlier, JP Morgan now projects GDP growth at 11 per cent from 13 per cent earlier

Saying that the second wave presents a risk to India's growth forecast, Moody's said the Indian economy is still likely to grow in double-digits in 2021.

Sensex crashed 1,707  points or 3.44 per cent to end at 47,883 and Nifty plunged 524.05 points or 3.53 per cent to finish at 14,310

Nomura says revision in GDP forecast reflects impact second Covid-19 wave could have on Indian economy. It expects second wave to result in weaker sequential momentum in Q2 (Q1FY22)

The second wave could dent the sluggish recovery in consumer and corporate confidence, and further, suppress banks' prospects for new business, the global credit rating agency said on Friday

The International Monetary Fund (IMF) on Tuesday raised its growth forecast for Indian economy by 100 basis points to 12.5 per cent for fiscal year 2021-22. The IMF said it expects India's GDP to grow 12.5 per cent in FY22, the highest among emerging and advanced economies. GDP growth for FY23 is pegged at 6.9 per cent. The projections also say that India is the only country expected to register a double-digit growth this fiscal. But how will the projections play out considering the country is witnessing an unprecedented surge in COVID cases all across the country. To answer this, IMF chief economist in conversation with India Today, tells us how she arrived at this number and what gives her confidence that India would be the fastest growing emerging economy in the world. Watch the video for details.

IMF this week raised its growth forecast for the Indian economy by 100 basis points to 12.5 per cent for the fiscal year 2021-22. It expects India's GDP to grow 12.5 per cent in FY22, the highest among emerging and advanced economies

India's debt to GDP ratio increased from 74 percent to 90 percent during the COVID-19 pandemic, the International Monetary Fund has said

Ahead of the annual spring meeting of the International Monetary Fund (IMF) and the World Bank, IMF Chief Economist Gita Gopinath acknowledged there is evidence of normalisation of economic activities in India. The change in the 2021 forecast for India is minuscule compared to earlier projections, the IMF chief economist said. Earlier this week, the IMF raised its growth forecast for India to 12.5 per cent for 2021-22 in its latest edition of the World Economic Outlook. However, the Washington-based global lender pegged India's GDP growth at 6.9 per cent for FY23 and noted that India is the only Asian country expected to register double-digit growth in the current fiscal. Watch the video for more.Also Read: IT skills in top demand! Jobs aplenty for professionals with these expertise

International Monetary Fund (IMF) on Tuesday raised its growth forecast for Indian economy by 100 basis points to 12.5 per cent for fiscal year 2021-22; Billionaire Gautam Adani's ports-to-energy conglomerate has become India's third group to cross $100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high; President Joe Biden has announced that he's bumping up his deadline by two weeks for states to make all adults in the US eligible for coronavirus vaccines. This and more on News Blast.Also Read: IT skills in top demand! Jobs aplenty for professionals with these expertise

RBI Governor Shaktikanta Das says MPC kept its estimate for economic growth unchanged at 10.5 per cent for FY22. MPC also saw inflation edging up to 5.2 per cent in first half of new fiscal from 5% in January-March period and moderate to 4.4 per cent in Q3

The change in the 2021 forecast for India is minuscule compared to earlier projections, IMF chief economist Gita Gopinath said

RBI MPC meet announcements: GDP growth forecast for FY2021-22 has been retained at 10.5 per cent, consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4

Oxford-AstraZeneca pauses COVID-19 vaccine trial in children The University of Oxford said on Tuesday it had paused a small UK trial testing the Covid-19 vaccine it developed with AstraZeneca Plc in children and teenagers, as it waits for more data on rare blood clotting issues in adults who received the shot. The trial disruption is the latest blow to the vaccine, once hailed as a milestone in the fight against the pandemic IMF raises India's growth forecast for FY22 to 12.5% Internat...

Reserve Bank of India's Monetary Policy Committee decides to retain its 'accommodative' policy stance; projection of real GDP growth for 2021-22 is retained at 10.5%

India is the only country expected to register a double-digit growth this fiscal.

Private equity and overseas companies are taking over domestic healthcare chains, creating a new pecking order

In January 2020 before the pandemic, World Bank had pointed to virtually same growth in real GDP in India (5.8%) and China (5.9%) in 2020. By January 2021, its revised estimates suggest -9.6% degrowth for India and 2% growth for China

Recovery is broad based but at varying speed as the services sector in particular still operates with significant restrictions which look unlikely to be fully eased through the first half of FY22, CARE said