The decline in the GDP narrowed to 7.5 per cent in the second quarter of this financial year, over 23.9 per cent in April-June quarter.
"One factor holding back private economic activity is the continued escalation of the Covid-19," said Vishrut Rana, Asia Pacific Economis...Read More
According to the ratings agency, with the pandemic's peak not yet in sight and the government not providing adequate direct fiscal suppor...Read More
It had earlier estimated that the economy of the country, which is now home to the second-largest number of COVID-19 infections, to contr...Read More
Congress leader Rahul Gandhi on Wednesday hit out at Prime Minister Narendra Modi over the state of the economy, rise in COVID-19 cases a...Read More
During this data heavy week, the investor focus will also remain on global market trends and COVID-19 updates like the number of infectio...Read More
It is the worst result since comparable data became available in 1980, said NHK World, as personal consumption plunged while people staye...Read More
More worryingly, it said, the rural recovery is unlikely to support the pace of growth in subsequent quarters as the per capita monthly e...Read More
He also pitched for developing a new system that should allow every player in every sector of the country's economy to operate at full st...Read More
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
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
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
"The first quarter (April to June 2020) will suffer a staggering 25 per cent contraction," it said in its assessment of India's GDP.
"We estimate that the actual fiscal impact on the budget will be only Rs 1.5 lakh crore (0.75 per cent of GDP), based on our calculations...Read More
The country's economic and social development witnessed overall stability in Q1, the NBS said at a press conference, while acknowledging ...Read More
India is expected to overtake Germany to become fourth-largest economy in 2026 and Japan to become third largest in 2034, according a rep...Read More
By FPJ Web Desk
Nishikant Dubey's comments come at a time when the Modi govt has been pushing to make India a $5% trillion economy.
New Delhi: The economic growth slowed to 4.5 per cent in the July to September quarter from 7.1 per cent in the corresponding period of l...Read More
New Delhi: Former President Pranab Mukherjee said here on Thursday that Gross Happiness is no less important than Gross Domestic Product ...Read More
The government rebutted former CEA Arvind Subramanian's contention regarding over-estimation of the GDP data and stated that proper metho...Read More