Dec 04, 2020 10:33 AM IST
RBI Monetary Policy: Reserve Bank of India Governor Shaktikanta Das said that there were nascent signs of economic recovery seen in second half of FY21.
- Dec 03, 2020 09:04 PM IST
Finance Minister Nirmala Sitharaman suggested the government could ease up on spending in the months ahead to boost the growth rate
- Nov 28, 2020 07:29 PM IST
Nomura has revised the GDP forecast for India to (-)8.2 percent from previously predicted (-)10.8 percent for FY21
- Nov 27, 2020 08:44 PM IST
It is a significant improvement in comparison to India’s GDP in the April-June quarter of the current fiscal which saw an unprecedented 23.9 percent drop during the early stages of nationwide lockdown induced by novel coronavirus pandemic. Sectors such as agriculture, fishing continues to grow in the second quarter of FY21.
- Nov 27, 2020 07:58 PM IST
Experts feel the GDP print for FY21 could see a contraction of 6-7.5 percent, much lower than current expectations of 10-11 percent
- Nov 27, 2020 07:51 PM IST
According to the NSO data released on Friday, the gross value added (GVA) from trade, hotel, transport, communication & services related to broadcasting fell by 15.6 percent at constant prices in July - September quarter year-on-year against a 7 percent year-on-year decline in the overall real GVA for the second quarter.
- Nov 27, 2020 07:42 PM IST
The COVID-19 pandemic’s effect on the Indian economy has been brutal and debilitating. A disaggregated analysis of the Q2 GDP numbers, however, held out hope amid the piling rubble of ruin with many sectors including manufacturing, agriculture, and electricity reporting smart rebound
- Nov 27, 2020 07:16 PM IST
The Indian economy, which witnessed a contraction of 23.9 percent in the June quarter, shrank 7.5 in the September quarter, according to official data released by the National Statistical Office on November 27.
- Nov 27, 2020 06:05 PM IST
Agriculture appeared to be one of the few bright spots for the second straight quarter amid a grim GDP performance clocking a growth of 3.4 percent at constant prices in the July- September quarter as per the data released by the National Statistical Office on November 27.
- Nov 27, 2020 05:57 PM IST
It is imperative for developing countries like India to invest heavily in fixed assets to increase aggregate demand.
- Nov 27, 2020 05:35 PM IST
A recovery post-Covid will depend on how fast the vaccine is rolled out and consumer confidence is restored.
- Nov 27, 2020 05:33 PM IST
The Indian economy had contracted by 23.9 percent in the April-June quarter.
- Nov 27, 2020 03:01 PM IST
CEA Krishnamurthy Subramanian stated that each of the high frequency indicators were doing well till February until COVID-19 hit, while CSO Kshatrapati Shivaji sees V-shaped recovery.
- Nov 27, 2020 08:57 AM IST
Most GDP projections are much better than the 23.9 percent slump recorded for Q1FY21
- Nov 24, 2020 02:54 AM IST
As per the CII and EY report, ‘FDI in India: Now, Next and Beyond', India's GDP growth could also improve to 7-8 percent growth if the investments come in
- Nov 23, 2020 07:18 AM IST
In its report for 2021-22 to 2024-25, the Fifteenth Finance Commission (15th FC) has also likely recommended that governments move to a fiscal deficit target range rather than a fixed number.
- Nov 21, 2020 03:26 PM IST
The State of Tax Justice report said USD 10.3 billion, or 0.41 per cent of the USD 3 trillion GDP, is lost in taxes every year to global tax abuse..
- Nov 19, 2020 03:52 PM IST
ICRA reports robust recovery in key construction sectors such as cement and steel and healthy central government awards in roads and railways during Q2 FY2021.
- Nov 19, 2020 02:30 PM IST
Moody’s said the latest measures aim to increase the competitiveness of India’s manufacturing sector and create jobs, while supporting infrastructure investment, credit availability, and stressed sectors
- Nov 18, 2020 05:08 PM IST
The central and state governments should increase their spending on the country's healthcare sector to 2.5 percent of GDP over the next four years, Finance Commission chairman N.K. Singh said on Wednesday.
- Nov 16, 2020 11:44 AM IST
The 21.4 percent expansion in the GDP beat a median market forecast for an 18.9 percent gain, Cabinet Office data showed.
- Nov 10, 2020 05:10 PM IST
The hue and cry over the large negative numbers during the pandemic underscores a understanding of why these GDP numbers matter in the first place. Here is how you should evaluate growth numbers.
- Oct 30, 2020 03:27 PM IST
The Commission’s recommendations will reflect in the Modi government’s 2021-22 Union Budget. The Finance Minister is likely to table the Commission’s report, and an action taken report signifying which recommendations of the Commission have been accepted, along with the budget documents.
- Oct 29, 2020 02:46 PM IST
In an interview with the Economic Times, the Prime Minister also said that with regards to further stimulus measures, the government will ensure that all required measures needed to continue stimulating the economy are undertaken in a timely manner while ensuring overall macro-economic stability.
- Oct 20, 2020 06:59 PM IST
Outdated data may be leading into some problems for India when fixing the Goods and Services Tax rates, said the senior economist. Meanwhile, contrary to other estimates, he expects nominal growth to be positive as demand recovers.