Indian economy picking pace again, says PM Modi at CII meeting
Addressing industry chamber CII's meeting, the PM said that the government stands by industry.
Aug 11, 2021, 17:49 PM IST
ADB lowers India's economic growth forecast for this fiscal to 10%
India's GDP growth recovered to 1.6 per cent in the last quarter of fiscal year ended March 2021, narrowing contraction in the whole fiscal year from 8 per cent estimated in April to a revised 7.3 per cent, the multilateral funding agency said in the Asian Development Outlook (ADO) Supplement.
Jul 20, 2021, 10:38 AM IST
Moody's cuts India growth forecast for 2021 to 9.6%
Earlier this month, Moody's had projected India to clock a 9.3 per cent growth in the current fiscal ending March 2022, but a severe second COVID wave has increased risks to India's credit profile and rated entities.
Jun 23, 2021, 14:56 PM IST
Second wave of COVID-19 rendered 22.7 million Indians jobless: Mahesh Vyas
Earlier this week it was reported that around 97 per cent of households' incomes have declined since the beginning of the COVID pandemic last year.
Jun 02, 2021, 14:46 PM IST
Indian economy to contract by only 3.8% in June quarter as compared with March: Nomura
The brokerage said vaccinations are trailing at present, but the pace of inoculation will pick up after June as its analysis indicates increased supply.
May 20, 2021, 15:02 PM IST
India's GDP to grow 7.5% in 2021, outlook fragile: UN
The surging Covid-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy, said the World Economic Situation and Prospects report.
May 12, 2021, 12:40 PM IST
Second COVID wave could crimp India's long-term growth: Moody's
India`s COVID-19 crisis showed little sign of easing on Tuesday, with a seven-day average of new cases at a record high and international health authorities warning the country`s variant of the virus poses a global concern.
May 12, 2021, 08:05 AM IST
Economic activity down in April, May but shock less severe than 2020: Fitch
India is facing the world's worst outbreak of COVID-19 cases with more than 3 lakh new daily COVID-19 cases being reported for two weeks now and the new cases reached more than 4 lakh new daily cases over the weekend.
May 10, 2021, 13:55 PM IST
COVID-19 resurgence bringing renewed challenges for India; GDP growth seen at 9.5%: Fitch
The sudden and steep surge in the number of coronavirus cases the highest-ever 4,12,262 new infections and a record 3,980 daily death toll in a day has swamped the health system, which seemed to have collapsed.
May 06, 2021, 14:19 PM IST
S&P forecasts 11% growth for India this fiscal, flags 'substantial' impact of broader lockdowns
In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy. New infections have spiked in recent weeks and the country is in the middle of a second pandemic wave.
Apr 22, 2021, 15:32 PM IST
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 Bank, said the Indian economy is expected to grow by 6.9 per cent in 2022.
Apr 07, 2021, 09:36 AM IST
Economic growth won’t be hit by second wave of COVID-19 infections: RBI Governor Shaktikanta Das
The RBI governor's assurance assumes significance amid apprehensions about surging new COVID-19 infections and resultant lockdowns being clamped in many cities.
Mar 25, 2021, 13:05 PM IST
Fitch revises India GDP growth to 12.8% for FY22
In its latest Global Economic Outlook (GEO), Fitch said revision is on the back of "a stronger carryover effect, a looser fiscal stance and better virus containment."
Mar 25, 2021, 12:07 PM IST
India’s GDP falls by 7.5% in July-September quarter of 2020-21
The next release of quarterly GDP estimates for the quarter October-December, 2020 (Q3 of 2020- 21) will be on February 2, 2021.
Nov 27, 2020, 18:08 PM IST
Moody's ups FY'21 India growth forecast to -10.6%; says stimulus to boost manufacturing, jobs
Moody's forecasts government debt to increase to 89.3 percent of GDP in fiscal 2020 and decline to 87.5 percent in fiscal 2021, from 72.2 percent in fiscal 2019. According to Moody's fiscal deficit would reach around 12 percent of GDP, with some upside risk, in fiscal 2020 and narrowing to about 7 percent of GDP over the medium term, still above the deficit of 6.5 percent of GDP in 2019.
Nov 19, 2020, 14:56 PM IST
India seen as worst affected economy among emerging markets from Covid-19 – Here’s what reports say
Covid-19 resulted in severe impact on Indian economy with the country's GDP contracting by 23.9 percent in April-June quarter.
Oct 30, 2020, 14:43 PM IST
India's GDP likely to contract 9.5% in FY'21, says RBI
RBI Governor Shaktikanta Da announcing the RBI Monetary Policy said growth is likely to pick up in the second half of the fiscal and enter into the positive zone in the January-March quarter.
Oct 09, 2020, 12:13 PM IST
Moody's projects Indian economy to contract 11.5% this fiscal
For 2021-22, it projected the economy to clock a growth of 10.6 per cent.
Sep 11, 2020, 17:59 PM IST
Indian economy to contract 10.5% in FY21 from -5% estimated earlier: Fitch
In the first quarter of current fiscal India's gross domestic product (GDP) contracted by a massive 23.9 per cent.
Sep 08, 2020, 14:02 PM IST
India's 2020-21 Q1 GDP growth contracts by 23.9%
India's Annual Gross Domestic Product (GDP) for April-June 2020 slowed down to 23.9 percent, government data showed on Monday.
Aug 31, 2020, 17:42 PM IST
