economy

Care Ratings revises India's GDP growth forecast to 10.2 pc for FY22

Care Ratings revises India's GDP growth forecast to 10.2 pc for FY22

This is the third revision by the rating agency in the last one month. "We have revised our forecast for GDP growth for FY22 as the under...Read More

Need complete trust between industry, govt to sustain growth amid Covid situation: Sitharaman

Need complete trust between industry, govt to sustain growth amid Covid situation: Sitharaman

Sitharaman, addressing a seminar organised by the Merchants' Chamber of Commerce & Industry here, said the Centre has taken several steps...Read More

Icra cuts its FY22 GDP estimate by 0.5%, sees economy expanding by 10.5%

Icra cuts its FY22 GDP estimate by 0.5%, sees economy expanding by 10.5%

Meanwhile, Nomura, a Japanese brokerage on Monday said the 'Oxford Stringency Index' for India has risen to 69.9 as of April 13, from a r...Read More

New Covid-19 surge may upend fuel demand recovery

New Covid-19 surge may upend fuel demand recovery

Rising coronavirus infections, prompting a slew of local lockdowns across the country, are threatening to slow recovery in fuel demand as...Read More

Government working to save lives, livelihood: FM Nirmala Sitharaman tells India Inc amid COVID-19 surge

Government working to save lives, livelihood: FM Nirmala Sitharaman tells India Inc amid COVID-19 surge

Finance Minister Nirmala Sitharaman on Monday said she has taken inputs from various industry chambers on concerns of India Inc with rega...Read More

Brokerages downgrade India's GDP growth projections for FY'22 amid resurgence of Covid cases

Brokerages downgrade India's GDP growth projections for FY'22 amid resurgence of Covid cases

While Nomura has downgraded projections of economic growth for the fiscal year ending March 2022 to 12.6 per cent from 13.5 per cent earl...Read More

Second wave of COVID-19 poses risk to economic recovery; Q4 GDP to be hit: Report

Second wave of COVID-19 poses risk to economic recovery; Q4 GDP to be hit: Report

Noting that a month-long nationwide lockdown can shave off 100-200 basis points off the GDP, the brokerage said growth is still weak, amp...Read More

China's economic growth surged to 18.3 per cent as activity revived

China's economic growth surged to 18.3 per cent as activity revived

China's economic growth surged to 18.3 per cent over a year ago in the first quarter of 2021 after factory and consumer activity returned...Read More

Rupee becomes Asia's worst-performing currency; falls 17 paise against US dollar amid a surge in COVID-19 cases

Rupee becomes Asia's worst-performing currency; falls 17 paise against US dollar amid a surge in COVID-19 cases

From being a better performing currency in the previous quarter to turning into a weak one, has made Indian rupee turned into the worst-p...Read More

COVID-19 impact: Lockdowns to shave $1.25 billion a week off economy

COVID-19 impact: Lockdowns to shave $1.25 billion a week off economy

Amid surging pandemic cases forcing many states to curb mobility and businesses, a report has said these localised lockdowns in key econ...Read More

59% firms in India intend to give salary increments in 2021

59% firms in India intend to give salary increments in 2021

According to staffing company Genius Consultants '10th Hiring, Attrition and Compensation Trend 2021-22', with this impressive growth rat...Read More

Lockdown destroys the very backbone of the society and economy, says Reliance Capital's Anmol Ambani

Lockdown destroys the very backbone of the society and economy, says Reliance Capital's Anmol Ambani

Reliance Group chairman Anil Ambani's son and nephew of Mukesh Ambani, Anmol Ambani expressed his view on the lockdown that was imposed i...Read More

Repo rate to remain unchanged, says RBI Governor Shaktikanta Das

Repo rate to remain unchanged, says RBI Governor Shaktikanta Das

The monetary policy committee (MPC) voted unanimously to keep the repo rate unchanged, stated RBI Governor Shaktikanta Das. He stated the...Read More

IMF projects India's growth rate to jump to impressive 12.5% in 2021

IMF projects India's growth rate to jump to impressive 12.5% in 2021

The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World...Read More

India well prepared to combat second wave of COVID-19: FinMin report

India well prepared to combat second wave of COVID-19: FinMin report

"After battling a historic pandemic in FY 2020-21, the Indian economy is poised to build back better and stronger as is reflected in the ...Read More

India's inflation "uncomfortably high": Moody's Analytics

India's inflation "uncomfortably high": Moody's Analytics

Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody's Analytics...Read More

'Economic headwinds might emerge from higher inflationary prospects'

'Economic headwinds might emerge from higher inflationary prospects'

According to the latest 'EY Economy Watch' report, persistently high domestic fuel prices on account of steadily rising global crude pric...Read More

India's economy on path of gradual recovery: IMF

India's economy on path of gradual recovery: IMF

India's economy is on the path of gradual recovery, the International Monetary Fund has said ahead of its next month's spring meeting wit...Read More

Steps taken by govt during pandemic yielding results; economy on 'V-shaped' recovery: Anurag Singh Thakur

Steps taken by govt during pandemic yielding results; economy on 'V-shaped' recovery: Anurag Singh Thakur

Steps taken by the government to deal with COVID-19 pandemic are resulting in 'V-shaped' economic recovery and the country is likely to w...Read More

India's economy projected to record stronger recovery in 2021: UNCTAD

India's economy projected to record stronger recovery in 2021: UNCTAD

India's economy, estimated to contract by 6.9 per cent in 2020 due to the coronavirus pandemic, is forecast to record a "stronger recover...Read More

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