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  • RBI Monetary Policy: GDP growth projected at -7.5% in FY21, says Governor Shaktikanta Das Dec 04, 2020 10:33 AM IST

    RBI Monetary Policy: GDP growth projected at -7.5% in FY21, says Governor Shaktikanta Das

    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.

  • India's next budget to focus on boosting growth, says Finance Minister Nirmala Sitharaman Dec 03, 2020 09:04 PM IST

    India's next budget to focus on boosting growth, says Finance Minister Nirmala Sitharaman

    Finance Minister Nirmala Sitharaman suggested the government could ease up on spending in the months ahead to boost the growth rate

  • Nomura ups India's 2020 GDP forecast to -7.1% from -9% Nov 28, 2020 07:29 PM IST

    Nomura ups India's 2020 GDP forecast to -7.1% from -9%

    Nomura has revised the GDP forecast for India to (-)8.2 percent from previously predicted (-)10.8 percent for FY21

  • GDP contracts by 7.5% in Q2; here's a look at how various sectors performed Nov 27, 2020 08:44 PM IST

    GDP contracts by 7.5% in Q2; here's a look at how various sectors performed

    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.

  • Q2 GDP at -7.5% beats estimates, full-year surprise possible on govt spending, vaccine, RBI Nov 27, 2020 07:58 PM IST

    Q2 GDP at -7.5% beats estimates, full-year surprise possible on govt spending, vaccine, RBI

    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

  • Trade, transport and tourism plunge 15.6% from 47% as GDP sees recovery Nov 27, 2020 07:51 PM IST

    Trade, transport and tourism plunge 15.6% from 47% as GDP sees recovery

    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.

  • Q2 GDP: COVID-hit economy still in negative, but data holds out promise for positive report soon Nov 27, 2020 07:42 PM IST

    Q2 GDP: COVID-hit economy still in negative, but data holds out promise for positive report soon

    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

  • Q2 GDP numbers surprise positively, likely to give impetus to market Nov 27, 2020 07:16 PM IST

    Q2 GDP numbers surprise positively, likely to give impetus to market

    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.

  • Agriculture clocks growth of 3.4 percent in Q2 as GDP contraction slows Nov 27, 2020 06:05 PM IST

    Agriculture clocks growth of 3.4 percent in Q2 as GDP contraction slows

    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.

  • Gross fixed capital formation share in GDP sees recovery at -7.3% Nov 27, 2020 05:57 PM IST

    Gross fixed capital formation share in GDP sees recovery at -7.3%

    It is imperative for developing countries like India to invest heavily in fixed assets to increase aggregate demand.

  • India Q2 GDP: Are signs of revival real and what do latest numbers mean for FY21? Nov 27, 2020 05:35 PM IST

    India Q2 GDP: Are signs of revival real and what do latest numbers mean for FY21?

    A recovery post-Covid will depend on how fast the vaccine is rolled out and consumer confidence is restored.

  • India enters recession as GDP contracts 7.5% in July-September Nov 27, 2020 05:33 PM IST

    India enters recession as GDP contracts 7.5% in July-September

    The Indian economy had contracted by 23.9 percent in the April-June quarter.

  • Q2 GDP Data Highlights | India enters recession as GDP contracts 7.5%, but experts see V-shaped recovery Nov 27, 2020 03:01 PM IST

    Q2 GDP Data Highlights | India enters recession as GDP contracts 7.5%, but experts see V-shaped recovery

    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.

  • All eyes on Q2 GDP data today: What to expect Nov 27, 2020 08:57 AM IST

    All eyes on Q2 GDP data today: What to expect

    Most GDP projections are much better than the 23.9 percent slump recorded for Q1FY21

  • India may attract $120-160 billion worth investments per year: CII and EY report Nov 24, 2020 02:54 AM IST

    India may attract $120-160 billion worth investments per year: CII and EY report

    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

  • EXCLUSIVE | Finance Commission likely to recommend doubling of public health expenditure by FY24 Nov 23, 2020 07:18 AM IST

    EXCLUSIVE | Finance Commission likely to recommend doubling of public health expenditure by FY24

    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.

  • India losing US $10.3 billion in taxes per year due to tax abuse by MNCs, evasion by individuals: Report Nov 21, 2020 03:26 PM IST

    India losing US $10.3 billion in taxes per year due to tax abuse by MNCs, evasion by individuals: Report

    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..

  • India’s GDP contraction in Q2 slowed to 9.5 percent: ICRA Nov 19, 2020 03:52 PM IST

    India’s GDP contraction in Q2 slowed to 9.5 percent: ICRA

    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.

  • Moody's ups India's growth forecast for FY21 to (-) 10.6% Nov 19, 2020 02:30 PM IST

    Moody's ups India's growth forecast for FY21 to (-) 10.6%

    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

  • Combined public health spend should rise to 2.5 per cent of GDP by 2024, says NK Singh Nov 18, 2020 05:08 PM IST

    Combined public health spend should rise to 2.5 per cent of GDP by 2024, says NK Singh

    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.

  • Japan GDP grows most on record after coronavirus-induced recession Nov 16, 2020 11:44 AM IST

    Japan GDP grows most on record after coronavirus-induced recession

    The 21.4 percent expansion in the GDP beat a median market forecast for an 18.9 percent gain, Cabinet Office data showed.

  • Explained: The real relevance of GDP numbers Nov 10, 2020 05:10 PM IST

    Explained: The real relevance of GDP numbers

    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.

  • 15th Finance Commission completes report, to submit to President on November 9 Oct 30, 2020 03:27 PM IST

    15th Finance Commission completes report, to submit to President on November 9

    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.

  • Economy getting back on track faster than expected, says PM Modi Oct 29, 2020 02:46 PM IST

    Economy getting back on track faster than expected, says PM Modi

    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.

  • Interview | GST has birth defects; positive nominal growth in FY21 possible: NR Bhanumurthy Oct 20, 2020 06:59 PM IST

    Interview | GST has birth defects; positive nominal growth in FY21 possible: NR Bhanumurthy

    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.

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