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’
- Jan 11, 2021 03:30 PM IST
ICRA’s projection about India’s GDP comes after greater certainty on the durability of the awaited economic revival.
- Jan 08, 2021 05:04 PM IST
Real estate services being one of the important components of services sector is already showing promising signs of revival both in residential and commercial segments, say experts
- Jan 08, 2021 01:30 PM IST
On January 7, the central government projected the country's economy to contract by 7.7 percent in the current fiscal year 2020-21, as per the first advance estimates of gross domestic product released by the National Statistical Office
- Jan 08, 2021 11:16 AM IST
The government expects the economy to contract 7.7 percent in 2020-21, according to the first advance estimates of GDP released by the National Statistical Office.
- Jan 07, 2021 05:57 PM IST
The first advance estimates for a financial year is usually released before the Union Budget for the next year. This data, as well as projections for the coming year, are shared by NSO with the Finance Ministry and other departments, to aid in the budget making process.
- Jan 06, 2021 02:49 PM IST
In its latest January 2021 Global Economic Prospects report, the World Bank has projected a 9.6 percent contraction for the Indian economy in FY 2020-2021, 6.4 percentage points lower than its previous forecast in June 2020. Talking about the global economy, the World Bank has said although it is growing again after a 4.3 percent contraction in 2020, the pandemic has plunged millions into poverty, and may depress economic activity and incomes for a prolonged period. Here’s a 3 Point Analysis of the report.
- Jan 06, 2021 10:20 AM IST
The World Bank has forecast India's real gross domestic product growth to be 5.4 percent for fiscal year 2021-22, primarily due to the low base effect of the current year. However, unlike most other agencies, the multilateral organization has not upgraded its forecast for 2020-21, and still projects India's economy to contract by 9.6 percent this year.
- Jan 05, 2021 01:26 PM IST
According to the report, the management of the COVID-19 spread has been effective despite the festive season and onset of winter season. The downside risk, however, remains the spread of the UK variant and fatigue from social distancing guidelines.
- Dec 30, 2020 02:38 PM IST
20 charts that define 2020: From banned apps to most-downloaded apps and the most-searched terms to the people most tweeted about, check out the events that charted the course of the Indian economy this past year.
- Dec 25, 2020 04:23 PM IST
Gavi Secretariat report said India accounts for over 35 percent of the total AMC participants’ population.
- Dec 25, 2020 09:17 AM IST
The NITI Aayog can help by devising a national economic strategy (not plan) which will provide the road map for converting the entire country into a special economic zone instead of tinkering with select sectors
- Dec 22, 2020 04:15 PM IST
Finance Minister Nirmala Sitharaman seems to be preparing the markets for a budget with never before seen fiscal slippage and public spending outlay.
- Dec 18, 2020 10:29 PM IST
Four agencies have improved their FY21 GDP forecast for India in the past one week or so. These include Asian Development Bank, State Bank of India, Fitch, and India Ratings.
- Dec 16, 2020 06:11 PM IST
The Wholesale Price Index-based inflation in India has risen to a nine-month high to 1.55 percent in November. The retail inflation in India had eased to 6.93 percent in November against 7.61 percent in October.
- Dec 15, 2020 01:40 PM IST
S&P Global raises India's 2020-21 economic growth forecast to a contraction of 7.7 percent, as against -9 percent projected earlier, CNBC-TV18 reported.
- Dec 11, 2020 07:28 PM IST
RBI Governor Shaktikanta Das has given a clear signal to the markets that there is a possibility of more growth-supportive measures going ahead. He emphasised the part that the central bank is willing to do whatever necessary to make sure enough liquidity is available in the market, using all instruments at its disposal.
- Dec 08, 2020 11:08 AM IST
India's GDP contraction was previously projected to be 10.5 percent