May 07, 2021 09:07 AM IST
The Swiss brokerage has also warned that it will delay the economy reaching potential growth rate by an additional two-three years beyond 2022-23.
- May 06, 2021 02:36 PM IST
The sudden and steep surge in the number of coronavirus cases – the highest-ever 4,12,262 new infections and a record 3,980 daily death toll in a day – has swamped the health system, which seemed to have collapsed.
- May 05, 2021 01:36 PM IST
The US-based rating agency in March had a 11 per cent GDP growth forecast for India for the April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus.
- May 03, 2021 03:37 PM IST
If the ongoing localised lockdowns continue till June, it will lead to economic losses of USD 38.4 billion, it said.
- Apr 29, 2021 08:28 PM IST
While the centre has provided a vaccination budget of Rs 35,000 crore, the actual cost could be around Rs 60,000 crore, says Tanvee Gupta Jain, India Chief Economist at UBS, in this latest episode of Moneycontrol Macro Minutes.
- Apr 29, 2021 06:16 PM IST
But business reopenings and increased spending also pushed prices higher, with a key inflation measure jumping 3.5 percent in the January-March period, compared to an rise of just 1.5 percent in the prior quarter, the Commerce Department reported.
- Apr 28, 2021 05:01 PM IST
ICRA cautions that the localised restrictions have started to impede the sequential momentum in many sectors.
- Apr 23, 2021 01:17 PM IST
At a time when large parts of the country are experiencing tremendous pressure on medical infrastructure, the agency said it expects the second wave to start subsiding by mid-May.
- Apr 22, 2021 09:34 PM IST
It projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022 (FY22), moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 2020-21.
- Apr 18, 2021 11:55 AM IST
The country's economy is projected to contract by 8 per cent in 2020-21, as per official estimates.
- Apr 15, 2021 02:22 PM IST
Economists of other agencies like SBI and ICRA say that the impact of rising COVID cases and more localized lockdowns will have a significant impact on their GDP forecasts.
- Apr 13, 2021 08:26 PM IST
Speaking on the latest episode of “Moneycontrol Macro Minutes” podcast, Subramanian said that the government had been deliberately conservative in its forecasts for the current financial year. While not ruling out an economic intervention like last year should the need arise, Subramanian said any further measures announced would likely be on the fiscal support and capital expenditure side.
- Apr 07, 2021 04:04 PM IST
The IMF report predicted that the US will be the second biggest contributor to global growth, followed by India, Japan and Germany.
- Apr 07, 2021 10:28 AM IST
The RBI said the projection of real GDP growth for 2021-22 consists of 26.2 percent in Q1, 8.3 percent in Q2, 5.4 percent in Q3 and 6.2 percent in Q4.
- Apr 06, 2021 09:48 PM IST
While data points like GST, housing and vehicle sales indicate that the economy is still on a strong path to recovery, industrial production and manufacturing sentiment numbers show that there is still a cause of concern. As COVID numbers spike again, Moneycontrol takes a look at some key high-frequency data.
- Apr 06, 2021 06:04 PM IST
The RBI MPC is likely to keep the repo rate unchanged and maintain an accommodative stance over the near term, says Rakshit.
- Mar 31, 2021 07:38 PM IST
In the current fiscal, as the pandemic impacted trade, the current account had been in surplus in the previous two quarters, at $15.1 billion and USD 19 billion, respectively, as per the data on balance of payments released by the RBI on Wednesday.
- Mar 31, 2021 10:34 AM IST
.The Washington-based global lender, in its latest South Asia Economic Focus report released ahead of the annual Spring meeting of the World Bank and the International Monetary Fund (IMF), said that the economy was already slowing when the COVID-19 pandemic unfolded.
- Mar 25, 2021 09:09 AM IST
Productivity growth in sectors such as retail, hospitality, or transportation account for one third of welfare growth between 1987 and 2011
- Mar 21, 2021 01:57 PM IST
The household savings plunged as the pandemic has led to tens of millions losing jobs and almost all forced to take deep pay-cuts, forcing them to borrow more or dip into their savings to meet expenses.
- Mar 19, 2021 07:19 AM IST
Thomas shares his views on the outlook for the market, especially in the scenario of rising US bond yields, commodity prices and PSU privatisation. Read on
- Mar 10, 2021 10:20 AM IST
If the projected growth is “realised” it could allow India to “reclaim its status as the fastest growing major economy from China,” the OECD report said.
- Mar 09, 2021 02:42 PM IST
Crisil expects GDP growth to average 6.3 per cent between fiscals 2022-23 and 2024-25, which would be lower than the 6.7 per cent average growth seen in the decade preceding the pandemic.
- Mar 05, 2021 03:59 PM IST
Deputy Chief Minister and Finance Minister Ajit Pawar tabled the survey in the state Assembly, while Minister of State for Finance Shambhuraj Desai presented it in the Council.
- Mar 05, 2021 02:54 PM IST
The 'Monthly Economic Review' for February also stated that higher-than-expected subsidy outlay in 2020-21 has led to real GDP contraction projections to be larger than that of real GVA, an unusual occurrence in itself.