economy

India's GDP may contract by 6.4% in FY21: Care Ratings

India's GDP may contract by 6.4% in FY21: Care Ratings

It said given that the nation is into a lockdown for July too with several restrictions on resumption of services in particular as well a...Read More

India needs Rs 50-60 lakh cr foreign investments to bolster coronavirus-hit economy: Gadkari

India needs Rs 50-60 lakh cr foreign investments to bolster coronavirus-hit economy: Gadkari

Emphasising that at this juncture Foreign Direct Investment (FDI) is the need of the hour, the senior minister said such funds would bene...Read More

Continued spread of Covid-19 poses risk to Indian economy: IMF official

Continued spread of Covid-19 poses risk to Indian economy: IMF official

"The main downside risk to India's growth forecast is the continued spread of the pandemic as the health crisis has not yet been containe...Read More

Indian economy in deep trouble: S&P

Indian economy in deep trouble: S&P

"India's economy is in deep trouble. Difficulties in containing the virus, an anemic policy response, and underlying vulnerabilities, esp...Read More

India's economy projected to contract by 4.5% in FY21: IMF

India's economy projected to contract by 4.5% in FY21: IMF

In the World Economic Outlook (WEO) forecast report, the IMF said that India's economy is expected to contract on the back of a longer l...Read More

India will transform into middle-income economy by 2030: Niti Aayog vice chairman

India will transform into middle-income economy by 2030: Niti Aayog vice chairman

Kumar also said that India will witness a recovery in investment cycle by April 2021 and beef up efforts on trade front as well.

Modi hint of Unlock 2.0

Modi hint of Unlock 2.0

New DelhiPM Modi on Wednesday dropped clear hints of forthcoming Unlock 2.0, telling the chief ministers of over a dozen states on the se...Read More

IMF may further slash economic outlook, cites 'profound uncertainty'

IMF may further slash economic outlook, cites 'profound uncertainty'

The Chief Economist of IMF, Gita Gopinath, said that although many countries begin to ease containment policies and gradually permit the ...Read More

Escalating new COVID-19 cases pose further downside risk to economy: IHS

Escalating new COVID-19 cases pose further downside risk to economy: IHS

"Consequently, the future path of lockdown measures remains highly uncertain, particularly if new daily cases continue to escalate," it ...Read More

Indian economy to grow at 9.5% in next fiscal: Fitch Ratings

Indian economy to grow at 9.5% in next fiscal: Fitch Ratings

The coronavirus pandemic will lead to shrinking of the already slowing economy in 2020-21 that started in April. Fitch Ratings forecast a...Read More

Aatmanirbhar Bharat – a self-reliant India, a self resilient India

Aatmanirbhar Bharat – a self-reliant India, a self resilient India

The modern-day agenda of Aatma Nirbhar Bharat comes with a tag line that reads ‘tough times require tough decisions’. And that said, the ...Read More

India's economy to contract by 3.2% in fiscal year 2020/21: World Bank

India's economy to contract by 3.2% in fiscal year 2020/21: World Bank

The Washington-based multilateral lender said that the COVID-19 pandemic and the multi-phased lockdown imposed to curb its spread has res...Read More

Economy to shrink 5% this year, fiscal stimulus not enough to support growth: S&P

Economy to shrink 5% this year, fiscal stimulus not enough to support growth: S&P

In a report on emerging markets titled 'Financial Conditions Reflect Optimism, Lockdown Fatigue Emerges', S&P said the services sectors, ...Read More

Consumer confidence collapses, economy may contract by 1.5 pc in FY21: RBI surveys

Consumer confidence collapses, economy may contract by 1.5 pc in FY21: RBI surveys

"Consumer confidence collapsed in May 2020, with the Current Situation Index (CSI) touching historic low and the one year ahead Future Ex...Read More

Economic aspect not higher than people's health: SC after RBI says interest waiver will affect banks

Economic aspect not higher than people's health: SC after RBI says interest waiver will affect banks

The top court on Thursday expressed strong displeasure over the way the RBI is treating people who had taken loans and wanted a waive off...Read More

Indian economy to contract 10% this fiscal: Former finance secy

Indian economy to contract 10% this fiscal: Former finance secy

Garg also said that the government's Rs 21 lakh crore stimulus package is actually of only Rs 1.4-1.5 lakh crore or about 0.7 per cent of...Read More

Indian economy on course for full-year contraction: DBS

Indian economy on course for full-year contraction: DBS

The comments came amid the release of key data that showed India's GDP growth tumbling to 3.1 per cent in the March quarter -- the slowes...Read More

Fiscal deficit widens to 7-year high of 4.6 pc in FY20 as revenue collection falls

Fiscal deficit widens to 7-year high of 4.6 pc in FY20 as revenue collection falls

The rise in the fiscal deficit, which is a reflection of the government's borrowing, was mainly on account of subdued tax collection.

India's economic growth slows to 3.1 pc, worst yet to come

India's economic growth slows to 3.1 pc, worst yet to come

The government began locking down Asia's third-biggest economy only towards the end of the March quarter to contain the spread of the cor...Read More

Indian economy to contract 5 pc in FY21: S&P says assuming COVID-19 peak by third quarter

Indian economy to contract 5 pc in FY21: S&P says assuming COVID-19 peak by third quarter

Stating that COVID-19 has not yet been contained in India, the rating agency in a statement said the government stimulus package is low r...Read More

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