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Tag: Indian Economy

COVID 2nd Wave: IMF Cuts India Growth To 9.5% Due To Delta Variant Surge
COVID 2nd Wave: IMF Cuts India Growth To 9.5% Due To Delta Variant Surge

The IMF stressed the importance of vaccinations in the economic recovery from the pandemic and noted that countries like India that lagged in the rate of vaccinations would suffer if more infectious variants developed.

RBI
Indian Economy To See 'Substantial Slack' In FY22 Despite Growth: RBI

"Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident," said te RBI Bulletin for July 2021.

Retail Inflation Cools To 3-Month Low Of 4.29% In April
Retail Inflation Cools To 3-Month Low Of 4.29% In April

The rate of price rise in the vegetables basket was (-) 14.18 per cent on an annual basis, sugar and confectionery (-) 5.99 per cent and cereals (-) 2.96 per cent.

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 […]

Momentum Of Economic Reforms Will Continue: FM Sitharaman
Momentum Of Economic Reforms Will Continue: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC’s […]

FM Sitharaman Announces Tax Relief On Some Home Deals
FM Sitharaman Announces Tax Relief On Some Home Deals

New Delhi: Finance Minister Nirmala Sitharaman on Thursday announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provide incentives for new job creation as the government widened stimulus measures to boost the economy. The measures, that also include additional fertiliser subsidy and already announced production-linked inventive scheme for […]

Nirmala-Sitharaman
Indian Economy Witnessing Strong Recovery: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Thursday said the Indian economy is witnessing a strong recovery after a long and strict lockdown. Addressing a press conference to announce more stimulus measures to boost growth, she said macro-economic indicators are pointing towards recovery. COVID-19 active cases have declined from over 10 lakh to 4.89 lakh […]

Economic Recovery Faster Than Expected, Confident Of Meeting $5-Trillion Target By 2024: PM Modi
Economic Recovery Faster Than Expected, Confident Of Meeting $5-Trillion Target By 2024: PM Modi

New Delhi: The Indian economy is getting back on track faster than expected as a timely lockdown and various relief measures announced by the government helped address issues faced by all sections of society and all economic sectors due to the COVID-19 pandemic, Prime Minister Narendra Modi has said. He also expressed confidence that the […]

India's Economic Recovery 'Broadened, Strengthened' In September: ICRA
India's Economic Recovery 'Broadened, Strengthened' In September: ICRA

New Delhi: India’s economic recovery has “broadened and strengthened” in September from the pandemic-induced lows seen in April 2020, ratings agency ICRA said on Tuesday. ICRA said that as many as nine of the tracked 15 non-financial high frequency indicators recorded growth in September 2020, while five posted a narrower year-on-year (YoY) contraction in that […]

Indian Economy To Contract By 10.3% In 2020, To Bounce Back With 8.8% Growth In 2021: IMF
Indian Economy To Contract By 10.3% In 2020, To Bounce Back With 8.8% Growth In 2021: IMF

Washington: The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday. However, India is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging […]

P-V-Narasimha-Rao
Congress Lauds Narasimha Rao As 'Pride Of The Party'

Hyderabad: Describing former Prime Minister P V Narasimha Rao as a dedicated Congress leader, AICC President Sonia Gandhi on Friday said the grand old party takes pride in his accomplishments and contribution, even as another former Prime Minister Manmohan Singh praised him as a “great son” of this country. “Shri P V Narasimha Rao’s tenure […]

Retail-Trade
COVID-19 Impact: India's Retail Trade Loses Rs 15 Lakh Cr In 100 Days

New Delhi: The ongoing pandemic has hit every sector of the Indian economy hard and the retail trade in the country has lost about Rs 15.5 lakh crore in the past 100 days. In a statement, the Confederation of All India Traders (CAIT) said that the traders across the country are highly depressed because of […]

RBI-Guv
Economy Showing Signs Of Getting Back To Normalcy: RBI Governor

Mumbai: India’s economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday. In a keynote address at the 7th SBI Banking and Economics Conclave, Das noted that medium term outlook still remains uncertain. “Despite the substantial impact of pandemic in our daily lives, the financial system […]

Minister of State For Finance Anurag-Thakur
Aatmanirbhar Package To Have Multiplier Effect On Economy: Anurag Thakur

New Delhi: The Finance Ministry is swiftly implementing various schemes announced under the Rs 20.97 lakh crore Aatmanirbhar Bharat Abhiyan package which is going to have a multiplier effect on the Indian economy, Minister of State for Finance Anurag Singh Thakur said on Tuesday. Emphasising that India’s resilience will sail the country through these testing […]

Nitin-Gadkari
India Needs Rs 50-60 Lakh Cr Foreign Investments To Bolster COVID-Hit Economy: Union Min Nitin Gadkari

New Delhi: India needs foreign direct investments worth Rs 50 to 60 lakh crore and the money can be tapped mainly through infrastructure projects as well as MSME sector to accelerate the wheels of the COVID-hit economy, according to Union minister Nitin Gadkari. Emphasising that at this juncture Foreign Direct Investment (FDI) is the need […]

PM-modi
India Returning To Normal Business Activity; Consumption, Demand Rising: PM Modi

New Delhi: Prime Minister Narendra Modi on Thursday said business activity in India is fast returning to normal levels with consumption and demand approaching pre-COVID levels as visible in macro data on power, fuel and other consumption. India faced a recession-like scenario after a national lockdown was imposed on March 25 to curb spread of […]