India growth

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

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

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

PM Modi turns 70: Here are his 5 landmark economic policies that changed the life of ordinary Indians

Prime Minister Narendra Modi turned 70 on Thursday.

Sep 17, 2020, 10:40 AM 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 among large emerging mkt sovereigns to have highest debt burden by 2021: Moody's

The coronavirus pandemic-induced deterioration in growth and fiscal dynamics will leave most large emerging market sovereigns with higher debt burdens over the next few years, it said.

Sep 01, 2020, 18:07 PM IST

India`s overall growth projected at minus 4.5% for 2020-21: RBI

RBI said global growth is projected at (-) 6.0 per cent in the single hit scenario and (-) 7.6 per cent in the double hit scenario.

Aug 25, 2020, 14:30 PM IST

Fitch revises India's outlook to negative from stable, affirms IDR at BBB-

Moody's earlier this month downgraded India's sovereign rating by a notch to lowest investment grade of 'Baa2' for the first time in 22 years.

Jun 18, 2020, 10:23 AM IST

India's growth potential at 6.5-7%, needs to push reforms for recovery: S&P

Days after keeping India's rating at lowest investment grade for 13th year in a row, the rating agency in a webinar said despite the contraction in GDP this year, the country continues to be an outperformer among the peer groups.

Jun 12, 2020, 17:03 PM IST

FY21 fiscal deficit likely at 5.8%, growth to slip to 0.5% says report

In a report, analysts at Bank of America also revised down their GDP growth estimate to 0.5 percent for the current fiscal year, as against the earlier estimate of 1.5 percent adding that they fear that the lockdown my extend beyond May.

May 11, 2020, 17:52 PM IST

Crisil cuts India's FY 2020 GDP growth forecast to 6.3%

Just a week back, a plunge in domestic private consumption demand, slump in manufacturing, halving of merchandise exports growth, and a high-base effect from last year gnawed away at first-quarter growth which came in at 5 per cent.

Sep 05, 2019, 12:37 PM IST

FM Sitharaman announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB

Her press conference comes just a little ahead of the release of India's latest Gross Domestic Product (GDP) growth numbers.

Aug 30, 2019, 16:35 PM IST