May 07, 2021 11:49 AM IST
The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March 2022).
- Apr 09, 2021 05:56 PM IST
The Reserve Bank of India (RBI) held its policy repurchase (repo) rate unchanged at 4 percent at its monetary policy meeting on April 7.
- Dec 21, 2020 06:15 PM IST
India, it said, has one of the largest vaccine manufacturing capacities in the world (including the largest vaccine producer Serum Institute India, SII) and has secured authorisation to mass-produce the AstraZeneca, Novavax and Gamaleya Research Institute vaccines.
- Nov 30, 2020 06:13 PM IST
Consumer spending is forecast to have contracted by 12.6 percent in 2020.
- May 19, 2020 03:00 PM IST
Prime Minister Narendra Modi on May 12 announced a stimulus package of Rs 20 lakh crore, or nearly 10 per cent of GDP, to deal with the economic fallout of COVID-19. The contents of the package were broad-based and announced in five tranches.
- Apr 22, 2020 09:44 AM IST
"We at Fitch Solutions have revised down our forecast for India's FY2020-21 (April 2020 to March 2021) real GDP growth to 1.8 per cent, from 4.6 per cent previously," it said in a note on Wednesday.
- Apr 21, 2020 02:40 PM IST
"In the light of a widening interest rate corridor as well as other aggressive monetary easing measures by the RBI, we have revised our expectations to 75 bps worth of cuts by March 2021, which imply a repo rate of 3.65 per cent and a reverse repo rate of 3.00 per cent," it said.
- Apr 20, 2020 11:42 AM IST
For India, it said the real GDP growth rate for 2020-21 (April 2020 to March 2021) has been revised down to 1.8 per cent from 4.6 per cent, previously.
- Apr 01, 2020 02:59 PM IST
With businesses disrupted due to the lockdown and its ripple effects, revenue will come under "heavy pressure" and may force the government to look towards additional borrowing and/or a higher central bank dividend to fund its expenditure, Fitch Solutions said.
- Apr 01, 2020 11:57 AM IST
Despite mining activities remaining operational in India during its 21-day lockdown, most mines are operating at capacities of 40 per cent or less according to local news reports, it said.
- Mar 31, 2020 02:35 PM IST
The Reserve Bank of India (RBI) cut benchmark repurchase (repo) rate by 75 basis points and its reverse repurchase rate by 90 basis points at an emergency meeting on March 27, bringing the rates to 4.40 per cent and 4.00 per cent, respectively, from 5.15 per cent and 4.90 per cent, previously.
- Mar 30, 2020 02:43 PM IST
The growth estimate for 2020-21 fiscal (April 2020 to March 2021) compares with a 4.9 per cent forecast in the current 2019-20 that ends on Tuesday.
- Mar 24, 2020 01:57 PM IST
Over the short-term horizon, the ongoing global risk-off sentiment and likely steep monetary easing will pressure the rupee weaker, although this would be partially counteracted by a sharp improvement in India's terms of trade due to the plunge in oil prices as a result of the ongoing oil price war.
- Mar 18, 2020 10:52 AM IST
This would take the policy repurchase (repo) rate to 3.40 percent and 3.00 percent, respectively, from 5.15 percent and 4.75 percent at present.
- Mar 02, 2020 01:12 PM IST
India's real GDP growth decelerated to 4.7 percent in the third quarter (October-December) from an upwardly revised 5.1 percent in the second quarter owing to slower government consumption, a steeper contraction in gross fixed capital formation and a smaller net exports contribution.
- Sep 02, 2019 03:05 PM IST
Fitch Solutions said it was revising its growth forecast to 6.4 percent in FY19/20, down from 6.8 percent previously.
- Apr 25, 2019 06:23 PM IST
The state-led clean energy push will also impact the fuels sector, where consumption trends are increasingly shifting in favour of lower-sulfur, lower-emission fuels.