Tag: Indian Economy

RBI Announces Loan Recast For Individuals, Small Borrowers
RBI Announces Loan Recast For Individuals, Small Borrowers

Mumbai: RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers, hospitals and COVID-related health infrastructure…

India To Be Third Contributor To Global GDP By 2040: US Report
India To Be Third Contributor To Global GDP By 2040: US Report

New Delhi/Washington: While China will overtake the United States as the largest economy in the world by 2040, India will be a distant third contributor to the global GDP. This…

Indian Economy Grows By 0.4 In October-December
Indian Economy Grows By 0.4 In October-December

New Delhi: After contracting for two quarters in a row, the Indian economy grew by 0.4 per cent in the October-December quarter amid coronavirus pandemic, official data showed on Friday. GDP growth in Financial Year 2021 to contract by 8 per cent :National Statistical Office (NSO) pic.twitter.com/vF9hPkCjBD — ANI (@ANI) February 26, 2021 The gross […]

Govt Pursuing Reforms To Make India One Of World's Top Economies: FM Sitharaman
Govt Pursuing Reforms To Make India One Of World's Top Economies: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Saturday said that the government, undeterred by the COVID-19 pandemic, has been pursuing reforms for achieving sustained long-term growth in a bid to make India one of the top economies of the world in the coming decades. Replying to debate on Budget 2021-22 in Lok Sabha, she said, […]

IMF Projects Indian Economy To Be Fastest-Growing Next Financial Year At 11.5%
IMF Projects Indian Economy To Be Fastest-Growing Next Financial Year At 11.5%

New York: The International Monetary Fund (IMF) projects India’s economy to bounce back by 11.5 per cent in the next financial year, making it the fastest-growing major economy, and attributed it to the effect of easing of lockdown measures last year. The World Economic Outlook (WEO) Update released in Washington last week increased the forecast […]

Coal Sector To Play Crucial Part In Achieving USD 5 Trillion Economy Target: Amit Shah
Coal Sector To Play Crucial Part In Achieving USD 5 Trillion Economy Target: Amit Shah

New Delhi: Union Home Minister Amit Shah on Monday said coal sector will play a very important role in achieving the target of USD five trillion economy by 2022, the year marking the completion of 75 years of the country’s Independence. Launching a single window clearance system for the coal sector, he said commercial coal […]

Indian Economy Expected To Contract By 9.6%, Global Economy Likely To Expand By 4% In 2020-21: World Bank
Indian Economy Expected To Contract By 9.6%, Global Economy Likely To Expand By 4% In 2020-21: World Bank

Washington: India’s economy is estimated to contract by 9.6 per cent in the fiscal year 2020-21, reflecting a sharp drop in household spending and private investment, and the growth is expected to recover to 5.4 per cent in 2021, the World Bank said on Tuesday. In its Global Economic Prospects report, the World Bank said […]

Indian Economy Affected By COVID-19 Pandemic Is Gradually Recovering: IMF
Indian Economy Affected By COVID-19 Pandemic Is Gradually Recovering: IMF

Washington: India’s economy, severely affected by the coronavirus pandemic, is gradually recovering, the International Monetary Fund said on Thursday. India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. […]

Indian Economy Claws Back Faster Than Expected In Q2
Indian Economy Claws Back Faster Than Expected In Q2

New Delhi: India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter […]

Indian Economy Exhibited Stronger Pick Up Than Expected: RBI Guv Shaktikanta Das
Indian Economy Exhibited Stronger Pick Up Than Expected: RBI Guv Shaktikanta Das

Mumbai: The Indian economy has exhibited stronger pick up in momentum of recovery than expected, said Reserve Bank of India Governor Shaktikanta Das on Thursday. Addressing the 4th Annual Day of Foreign Exchange Dealers’ Association of India (FEDAI), he cited that a multi-speed normalisation of activity in Q2FY21, after the country witnessed a sharp contraction […]