• OPEN AN ACCOUNT
Indian Indices
Nifty
22,147.00 151.15
(0.69%)
Sensex
73,088.33 599.34
( 0.83%)
Bank Nifty
47,574.15 504.70
( 1.07%)
Nifty IT
33,368.30 -130.35
( -0.39%)
Global Indices
Nasdaq
15,282.01 -319.49
(-2.05%)
Dow Jones
37,986.40 211.02
(0.56%)
Hang Seng
16,224.14 -161.73
(-0.99%)
Nikkei 225
37,068.35 -1,011.35
(-2.66%)
Forex
USD-INR
83.63 0.04
(0.05%)
EUR-INR
89.02 0.23
(0.26%)
GBP-INR
104.11 0.15
(0.15%)
JPY-INR
0.54 0.00
(0.05%)

EQUITY - MARKET SCREENER

ADB Upgrades India's FY22 Growth Estimate From 7% To 7.5%
20-Jul-21   13:16 Hrs IST
Asian Development Bank (ADB) stated in a latest update that India's GDP growth recovered to 1.6% in Q4 of fiscal year 2020 (FY2020, ended 31 March 2021), narrowing contraction in the whole fiscal year from 8.0% estimated in April to a revised 7.3%. Then a second wave of the pandemic induced many state governments to impose strict containment measures. New COVID-19 cases daily peaked at more than 400,000 in early May, then fell to a little over 40,000 in early July. Early indicators show economic activity resuming quickly after containment measures eased. The growth projection for FY2021, downgraded from 11.0% in ADO 2021 to 10.0%, reflects large base effects. The projection for FY2022, by which time much of India's population is expected to be vaccinated, is upgraded from 7.0% to 7.5% as economic activity normalizes.

Powered by Capital Market - Live News