World Bank projects India to grow at 8.3 per cent in 2021

In 2020, India's economy is estimated to have contracted by 7.3 per cent while in 2019, it registered a growth rate of four per cent, the World Bank said, adding that in 2023, India is expected to grow at 6.5 per cent.

Jun 08, 2021, 19:23 PM IST

Economic recovery to start from June, GDP growth projection to be revised to 10-10.5%, says NITI Aayog VC

Niti Aayog VC Rajiv Kumar's predictions came after the country’s apex bank RBI lowered the country's growth forecast for the current fiscal by a percentage point to 9.5% from 10.5%.

Jun 05, 2021, 16:17 PM IST

Indian economy resilient, Congress leaders clueless: Anurag Thakur’s rebuttal to Chidambaram

Thakur said that the economy will rebound in the times ahead based on consistent reforms that have ensured strong fundamentals.

Jun 02, 2021, 18:53 PM IST

Indian economy contracts 7.3%, Q4 GDP grows 1.6%

In the first quarter, the Indian economy contracted 24.4 percent due to COVID-19 forced lockdown, and that heavily affected the manufacturing of essential goods and provision of essential services. With ease in lockdown from June 8, the scenario remained bleak as several service sector industries were shut down.

May 31, 2021, 17:50 PM IST

GDP growth may be below 9% in FY22 due to 2nd COVID-19 wave: Survey

According to the study, the majority of respondents expect the lockdown announced by several states will stay till May-end. Altogether, 54 percent of the people, who participated in the survey, believe that the lockdown is a solution to the current COVID-19 situation in the country, it said.

May 16, 2021, 19:37 PM IST

Surging India virus cases may derail recovery but ratings outlook stable: S&P

The rating agency, however, said the second wave should not hit the economy as hard as the first wave did in the April-June quarter of the 2020/21.

May 07, 2021, 17:11 PM IST

Europe's economy shrinks in first quarter as US rolls ahead

Figures announced Thursday showed the U.S. Economy grew 1.6 per cent during the first quarter. 

Apr 30, 2021, 17:39 PM IST

India's 2021 GDP growth forecast to come down to 10.2%: Oxford Economics

India is struggling with a second wave of the pandemic with more than 3,00,000 daily new coronavirus cases being reported in the past few days, and hospitals in several states are reeling under a shortage of medical oxygen and beds 

Apr 26, 2021, 19:08 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

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

Starting with Maharashtra, a slew of other pockets in the country like Delhi have been taking to localised lockdowns to arrest the climbing COVID-19 cases, which derails economic activity.

Apr 20, 2021, 17:55 PM IST

You may actually be 'dissaving' by putting money in savings instruments

As per the latest RBI data, household financial savings had declined sharply to 10.4 percent of the nation’s gross domestic product (GDP) in the July-September period of FY21, down from 21 percent of the GDP in Q1 of FY21. It is estimated to have further declined in the December quarter as consumption intensified and options to save were disincentivised.

Apr 17, 2021, 17:25 PM IST

Indian economy to grow at historic 12.5%: IMF

The WEO projected India`s gross domestic product (GDP) growth to moderate to 6.9 percent in the next fiscal year, while still retaining the top growth rate spot.  Any elation over the historically high rate is, however, moderated by the fact of India`s negative growth rate of 8 percent during 2020-21.

Apr 06, 2021, 22:05 PM IST

Largest budget so far passed in Uttar Pradesh Assembly

The Uttar Pradesh Assembly has adjourned sine die on Thursday (March 4) after the House passed the annual budget for 2021-22, the largest budget so far in the history of the state. The government presented the last budget of its current tenure last week with an outlay of Rs 5,50,270.78 crore.

Mar 04, 2021, 17:13 PM IST

India's economy turns positive, grows 0.4% in Oct-Dec quarter

Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40% of industrial output, fell by 8.8% in the 10 months through January from a year earlier, the data showed. In the July-September quarter, India's GDP contracted 7.5% year-on-year. 

Feb 26, 2021, 18:00 PM IST

DNA: Your sleep is affecting the GDP of the country?

According to a report in the year 2020, after the Corona epidemic, the sleep of the people of India has been severely affected. In this part of DNA, we will know how this effect is also affecting the GDP of the country.

Jan 07, 2021, 23:18 PM IST

Deshhit Exclusive Economy Edition : V shape in economy gives signs of good recovery

Watch this super exclusive edition on Economy.

Dec 01, 2020, 21:50 PM IST

DNA: Asteroid more precious than GDP of all countries!

A recent study has found that the Asteroid 16 Psyche, which orbits between Mars and Jupiter, may be entirely made of metal and is estimated to be worth $ 10,000 Quadrillion - more than the Earth's entire economy. Is more.

Nov 23, 2020, 23:22 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

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

Economic Advisory Council of 15th Finance Commission to meet on Friday; discuss GDP, GST

India's Annual Gross Domestic Product (GDP) for April-June 2020 slowed down to 23.9 percent.

Sep 03, 2020, 16:08 PM IST