• Latest
  • Trending
Barclays cuts FY 2021-22 growth forecast for India by 80 bps to 9.2%

Barclays cuts FY 2021-22 growth forecast for India by 80 bps to 9.2%

After China central bank vows to crack crypto trade, Bitcoin slips

A glimpse of Cryptoverse DEX, and a brief accounting

FTX invested $300 million in Bahamas property as “personal fiefdom”

FTX invested $300 million in Bahamas property as “personal fiefdom”

Ant group sees fine from China over $1 bln, suggesting overhaul is almost done

Ant group sees fine from China over $1 bln, suggesting overhaul is almost done

Africa calls for climate finance tracker

COP27 agreement achieves a milestone on “damage and loss,” but not more

Budweiser World Cup advertising is limited by Qatar’s liquor ban; not destroyed

Budweiser World Cup advertising is limited by Qatar’s liquor ban; not destroyed

UK trade policy : A comprehensive strategy for a new beginning

British insurers serve as a trial run for the post-Brexit “unshackling”

STARLINK satellite internet service gets 500,000 preorders, Musk says

Musk claims he was engaged in revitalizing Tesla while upholding his $56 bln package

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

In a long-awaited trial, Roche’s Alzheimer’s medicine falls short of its objective

Electric vehicle manufacturers struggle financially—struck by exorbitant prices

Electric vehicle manufacturers struggle financially—struck by exorbitant prices

After China central bank vows to crack crypto trade, Bitcoin slips

Bahamas investigators are looking into the FTX collapse

Volatility is most essential for crypto ecosystem

Morning Bid: Crypto a disaster, Congress looking different ways

Binance registers with Italy’s regulator amid plans to expand in Europe

Cryptocurrencies drop after FTX-Binance dispute worries investors

Global Business Review Magazine
Tuesday, February 7, 2023
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

Barclays cuts FY 2021-22 growth forecast for India by 80 bps to 9.2%

Barclays cuts FY 2021-22 growth forecast for India by 80 bps to 9.2%

Barclays cut its full-year 2021-22 economic growth forecast for India by 80 basis points to 9.2%. The toll from stringent lockdowns imposed to curb rising COVID-19 infections appeared to be bigger than its earlier expectation.

The devastating second wave of coronavirus infections has forced nearly two-thirds of the country to introduce tough curbs. This slows the economic activity and prompting a host of major banks and ratings agencies to cut their economic forecasts. Barclays said in a note that although India’s second wave in Covid has started to recede, the related economic costs have been larger. This owes to the more stringent lockdowns implemented to contain the outbreak.

YOU MAY ALSO LIKE

Ant group sees fine from China over $1 bln, suggesting overhaul is almost done

Wall Street declines as jobs data dampens expectations for Fed rate easing

The brokerage cut its baseline full-year 2021-22 gross domestic product growth forecast. This lowers it to 9.2% year-on-year from 10% earlier and 11% before the outbreak of the second wave. Barclays warned that India’s slow vaccination drive might pose medium risks to economic growth. This is especially if the country experienced a third wave of this pandemic. GDP growth would be lowered by another 150 basis points in such case. This may drag the year’s growth to 7.7%.

The Reserve Bank of India (RBI) governor said at its last policy meeting that he did not expect any significant change to the RBI’s economic forecasts made in April. This is when it projected 2021/22 GDP would grow by 10.5%.

Tags: BarclaysGrowth ForecastIndiaPandemic
ShareTweetShare

Search

No Result
View All Result

Recent News

After China central bank vows to crack crypto trade, Bitcoin slips

A glimpse of Cryptoverse DEX, and a brief accounting

FTX invested $300 million in Bahamas property as “personal fiefdom”

FTX invested $300 million in Bahamas property as “personal fiefdom”

Ant group sees fine from China over $1 bln, suggesting overhaul is almost done

Ant group sees fine from China over $1 bln, suggesting overhaul is almost done

Africa calls for climate finance tracker

COP27 agreement achieves a milestone on “damage and loss,” but not more

Budweiser World Cup advertising is limited by Qatar’s liquor ban; not destroyed

Budweiser World Cup advertising is limited by Qatar’s liquor ban; not destroyed

UK trade policy : A comprehensive strategy for a new beginning

British insurers serve as a trial run for the post-Brexit “unshackling”

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • A glimpse of Cryptoverse DEX, and a brief accounting
  • FTX invested $300 million in Bahamas property as “personal fiefdom”
  • Ant group sees fine from China over $1 bln, suggesting overhaul is almost done
  • COP27 agreement achieves a milestone on “damage and loss,” but not more
  • Budweiser World Cup advertising is limited by Qatar’s liquor ban; not destroyed

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2022 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2022 Global Business Review Magazine - All Rights Reserved.

Go to mobile version