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 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.
- 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 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.
- 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.
- 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 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.
- Oct 14, 2020 08:47 PM IST
This projection is even grimmer than what the Reserve Bank of India (RBI) predicts. How long will the economy take to recover?
- Oct 09, 2020 10:20 AM IST
RBI Monetary Policy: Following the MPC meeting in August, Governor Shaktikanta Das had projected a negative real GDP growth in FY21.
- Oct 08, 2020 12:51 PM IST
The World Bank added that it expected growth to return to 5.4 percent in FY22, assuming COVID-19-related restrictions are completely lifted by 2022.
- Sep 29, 2020 01:10 PM IST
ICRA cited the continued rise in COVID-19 cases across the country as the reason for the change in GDP forecast.
- Sep 25, 2020 11:37 AM IST
Centre weeks away from announcing measures aimed at boosting demand and creating jobs. Plans include an urban job scheme and a massive infrastructure push.
- Sep 09, 2020 06:50 PM IST
Watch this edition of Big Story to find out why top rating agencies expect a steeper contraction in India's FY21 GDP and how soon they expect a rebound.
- Sep 08, 2020 06:20 PM IST
India’s real GDP growth fell to -23.9 percent year-on-year (YoY) in Q2CY20 against 3.1 percent YoY in Q1CY20.
- Sep 08, 2020 02:14 PM IST
Fitch Ratings too on September 8 projected a massive 10.5 percent contraction of India's GDP in the current financial year.
- Aug 31, 2020 08:12 PM IST
The CEA has said that while the trend is of a V-shaped recovery, there is still residual uncertainty, and this will persist until the pandemic is brought under complete control.
- Aug 31, 2020 07:26 PM IST
The real GDP shrank 22.6 percent in the said quarter, marking the sharpest drop in the country's growth numbers in the last 41 years.
- Aug 31, 2020 06:23 PM IST
GDP Data Q1FY21: With the economy now officially entering contraction, the focus should be to revive growth. Experts believe that greater capital expenditure has a higher multiplier effect
- Aug 27, 2020 06:37 PM IST
Moneycontrol's Sakshi Batra does a 3-point analysis to find out why India's government debt is rising continuously and what does this growing debt crisis mean for the economy