Of the major economies, China is ahead with its economy expected to grow by 8.5 per cent during the current calendar year after the Bank revised it upwards from the 8.1 per cent projection in April.
According to the LinkedIn India - Labour Market Update (July 2021), India's job market is witnessing a steady recovery on the hiring activity.
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.
"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.
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.
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…
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…
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 […]
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, […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]