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Feb 26, 2021 09:12 PM IST Gross domestic product grew 0.4% in October-December compared with the same period a year earlier, data released by the National Statistics Office on Friday showed. That compared with revised contractions of 7.3% in July-September and 24.4% in April-June.
Feb 26, 2021 08:59 PM IST After contracting for two quarters in a row, the Indian economy grew by 0.4 per cent in the October-December quarter amid coronavirus pandemic, official data showed on Friday. The gross domestic product (GDP) had expanded by 3.3 per cent in the corresponding period of 2019-20.
Feb 26, 2021 07:56 PM IST A major factor that is taken into account while calculating GDP and GVA is the Index of Industrial Production (IIP).
Feb 26, 2021 07:44 PM IST With opening up of the economy in a phased manner, construction activities resumed and this was evidently visible during the last quarter of 2020. Similarly, the leasing activities in commercial real estate and sales and launches in residential segment reflected robust signs of recovery.
Feb 26, 2021 06:42 PM IST The 2.6 percent growth in investment demand during October-December is a turnaround from the 6.7 percent contraction seen in the second quarter.
Feb 26, 2021 06:02 PM IST The Agriculture Ministry attributed the increased food grain production to good monsoons last year.
Feb 26, 2021 05:56 PM IST In a sign of recovery, demand for loans picked up in January based on Reserve Bank of India data.
Feb 26, 2021 05:46 PM IST Growing 0.4 per cent in the October-December quarter of FY21, India's GDP managed to marginally overcome record level contractions that had gripped it over the previous two quarters. But going forward, uncertainties in private consumption and slow growth in manufacturing, key services sectors pushed down FY21's official forecast to an 8 percent contraction.
Feb 25, 2021 12:33 PM IST While the economy has shrunk by as much as 15.7 per cent in the first half (April-September) period, it needs to register atleast a slight growth to cushion the ongoing contraction and stick to the government's first advance estimate of an overall 7.7 per cent GDP fall for 2020-21, economist and analysts stressed.
Feb 25, 2021 10:50 AM IST The National Statistical Office (NSO) will release gross domestic product (GDP) growth estimates for the third quarter (October-December) of 2020-21 on Friday. Here’s what to expect
Feb 23, 2021 05:24 PM IST India posted de-growth of 24 percent and 7.5 percent in GDP in first and second quarters ended June and September 2020, respectively.
Feb 11, 2021 01:08 PM IST Aggregate consensus PAT of nearly 360 stocks, as per the brokerage firm, is expected to rise from 4.6 trillion in FY20 to 9.6 trillion (about 5 percent of GDP) in FY23 which is a CAGR of 27 percent.
Feb 10, 2021 12:34 PM IST India-Ratings expects the industrial and services sector to grow at 11.5% and 11.4% YoY, respectively, in FY22.
Feb 01, 2021 01:59 PM IST The Centre's net tax revenue for FY22 has been pegged at Rs 15.45 lakh crore. Corporate tax collection for FY22 has been pegged at Rs 5.47 lakh crore, personal income tax at Rs 5.61 lakh crore and revenue from Goods and Services Tax (GST) at Rs 6.3 lakh crore.
Feb 01, 2021 12:31 PM IST For FY21, the revised fiscal deficit estimate now stands at 9.5 percent of the GDP, from a budgeted estimate of 3.5 percent.
Jan 29, 2021 04:10 PM IST India has one of the highest levels of out-of-pocket expenditure (OOPE) in the world, contributing directly to the high incidence of catastrophic expenditures and poverty.
Jan 29, 2021 03:33 PM IST Since 2014-15, construction of approximately 1.94 crore rural houses have been completed, out of which 1.22 crore houses have been constructed under the revamped scheme of PMAY-Gramin
Jan 29, 2021 01:33 PM IST The Economic Survey 2020-21 batted for a counter-cyclical fiscal policy, recommended a massive increase in healthcare spending in light of the COVID-19 pandemic and regulator for the sector, and criticised credit rating agencies, saying their assessment does not match India's fundamentals.
Jan 28, 2021 01:28 PM IST Budget 2020 was presented before the countrywide lockdown was imposed in response to the pandemic.
Jan 26, 2021 03:38 PM IST The annual median growth forecast by the industry body is based on responses from leading economists representing industry, banking and financial services sector. The survey was conducted in January.
Jan 25, 2021 01:41 PM IST The government must prioritise spending in areas with strong and quick multiplier effects such as MSMEs, affordable housing, rural economy and infrastructure
Jan 22, 2021 12:42 PM IST The absence of adequate demand may jeopardise the recovery and may even lead to a second-round impact, Ind-Ra said in a report.
Jan 15, 2021 09:35 AM IST BSE market capitalisation is up by nearly 75 percent since March 2020.
Jan 12, 2021 08:20 PM IST High inflation has been a worry for MPC. But, any immediate change in the MPC’s monetary stance looks unlikely
Jan 12, 2021 10:35 AM IST In order to promote investments in infrastructure and other sectors that require long-term capital, the government should reduce the tax rate for locked-in, closed-ended structures that invest in such key sectors. This can be our ‘Atmanirbhar capital’
