GDP,

India's GDP to contract by 3% in FY21: BofA

India's GDP to contract by 3% in FY21: BofA

BofA Securities also said the RBI will monetise the fiscal deficit through purchase of government bonds of up to USD 95 billion through o...Read More

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

Fiscal deficit may rise 6.8% of GDP in FY21: Report

Fiscal deficit may rise 6.8% of GDP in FY21: Report

With economic disruptions set for a long haul due to Covid-19 pandemic, India could see its fiscal deficit this year to balloon to over 6...Read More

Amid COVID-19, India's GDP likely to contract by 5.3% in FY21, says India Ratings and Research

Amid COVID-19, India's GDP likely to contract by 5.3% in FY21, says India Ratings and Research

India's economy is likely to shrink by 5.3 per cent this fiscal, the lowest GDP growth in the Indian history and the sixth instance of ec...Read More

Moody's cuts GDP To (-) 3.1% for 2020

 

Moody's cuts GDP To (-) 3.1% for 2020  

Global ratings agency Moody's Investor Services on Monday pruned its calendar year 2020 economic growth forecast for India to (-)3.1 per ...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

Interest-free moratorium will lead to loss close to 1% of GDP: RBI to SC

Interest-free moratorium will lead to loss close to 1% of GDP: RBI to SC

The Reserve Bank of India has opposed waiving off the interest during the moratorium period, insisting that the aim and object of allowin...Read More

Vietnam aims to make 5G service universal by 2030

Vietnam aims to make 5G service universal by 2030

The country also targets to be among the world's top 35 countries in Global Innovation Index by 2025

Reopen economy with necessary ifs and buts

Reopen economy with necessary ifs and buts

Slowly but certainly the authorities are veering round to the view that reopening the economy might be unavoidable despite the war agains...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

'India's Q1 GDP may contract 40%, states to lose Rs 30 lakh cr on Covid'

'India's Q1 GDP may contract 40%, states to lose Rs 30 lakh cr on Covid'

It also estimated that total Gross State Domestic Product (GSDP) loss due to Covid-19 for states stands at Rs 30.3 lakh crore, which is 1...Read More

PM's economic package 'jumla', less than 1pc of GDP: Prithviraj Chavan

PM's economic package 'jumla', less than 1pc of GDP: Prithviraj Chavan

Mumbai: Senior Congress leader Prithviraj Chavan on Monday called Prime Minister Narendra Modi's Rs 20 lakh crore economic package to tid...Read More

India's GDP growth rate likely to be in negative due coronavirus pandemic, says RBI Guv Shaktikanta Das

India's GDP growth rate likely to be in negative due coronavirus pandemic, says RBI Guv Shaktikanta Das

He added that some pick-up in growth impulses is expected in second half of the year

Barclays pegs USD 20 bn current account surplus in FY21

Barclays pegs USD 20 bn current account surplus in FY21

The country has been perennially struggling with huge current account deficits.

Eight most affected states account for 60 pc of GDP

Eight most affected states account for 60 pc of GDP

The eight states, which include Maharashtra, Gujarat and Tamil Nadu, among others also account for 58 per cent of the employment, domest...Read More

India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

India's 'mammoth' COVID-19 package much smaller than it seems, says Fitch Solutions

"The frugal fiscal crisis intervention will likely impede a rapid economic recovery and accordingly, tax revenues, and we are revising ou...Read More

Is central govt’s COVID-19 fiscal response only 1.8% of GDP as opposed to claim of 10% of GDP?

Is central govt’s COVID-19 fiscal response only 1.8% of GDP as opposed to claim of 10% of GDP?

The government's Rs 20.97 lakh crore COVID-19 package lacks in addressing immediate concerns of the economy as the actual fiscal impact o...Read More

Indian economy to contract 5 pc in FY21: Goldman Sachs

Indian economy to contract 5 pc in FY21: Goldman Sachs

A slew of watchers are expecting a contraction in the Indian economy in FY21, some even after the Rs 20 lakh crore stimulus announced by ...Read More

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