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.
Puri: With what is being touted as one of the ‘boldest measures’ in Indian economy, one year has passed since the decision by the Centre to demonetise high value currency notes of Rs 500 and Rs 1,000. One year on, OTV did a reality check on the effect of demonetisation at Nuagaon village under Satyabadi […]
"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.
New Delhi: India’s bankrupt companies offer a never-before opportunity to the global investors to ride the country’s exceptional growth trajectory, thanks to the Insolvency and Bankruptcy Code (IBC), Finance Minister Arun Jaitley said. “Given the future potential of the Indian economy and the fair process followed under the Code, it is a great opportunity for […]
Buenos Aires: Prime Minister Narendra Modi stressed on cooperation among G20 countries on issues related to global economy, trade tensions, crude oil prices and terrorism and fugitive economic offenders, India’s G20 sherpa has said. Addressing the media here, Shaktikanta Das on Saturday said the current challenges being faced by the global economy, especially emerging economy […]
New Delhi: The Congress on Tuesday accused the Narendra Modi government of playing with India’s economic sovereignty by trying to demolish the Reserve Bank of India (RBI) and seeking transfer of Rs 3.6 lakh crore or one-third of the central bank’s reserves. The Congress said if the “unprecedented” demand by the Modi government was allowed […]
New Delhi: Asserting the importance of banking as Indian economy gets more formalised, Finance Minister Arun Jaitley on Saturday said the regulator and the government need to be on their toes for quick action without exaggerating the emerging challenges. “When challenges come, we have a tendency to exaggerate them at times but then the banks, […]
New Delhi: Prime Minister Narendra Modi on Sunday said the Indian economy grew at a healthy 7.7 per cent in the fourth quarter of 2017-18 and the challenge now is to turn this to “double digits”. “The challenge now is to take this growth rate to double digits, for which many more important steps have to […]
New Delhi: NITI Aayog Member Ramesh Chand on Friday said while every sector of the Indian economy had undergone some sort of transformation in the last 25 years, the agriculture sector was largely ignored. “In last 25 years, particularly since the beginning of economic reforms in 1991, we have seen some sort of transformation in […]
New Delhi: A high-level meeting chaired by Finance Minister Arun Jaitley got underway here on Tuesday evening to review the economic situation and discuss measures, including a possible stimulus package, to be taken amidst an economic slowdown. The meeting is being attended by, among others, Railway Minister Piyush Goyal, Commerce Minister Suresh Prabhu, Chief Economic […]
Noida: The government is aiming at a $1 trillion digital economy by 2020 and Samsung India will spearhead this movement, Information and Technology Minister Ravi Shankar Prasad said on Wednesday as the South Korean giant announced Rs 4,915 crore investment in expanding its Noida manufacturing plant. The expansion of the plant on a 35-acre land adjacent […]
New Delhi: The Indian economy is poised to experience improvement in overall conditions during the ongoing first quarter owing to better external financial linkages, and growth in both funds available as well as domestic economic activity, industry chamber CII said on Sunday citing its survey. “The CII-IBA Financial Conditions Index at 56.9 for Q1 (April-June) […]
New Delhi: The Indian economy grew at 15-quarter high of 8.2 per cent in the April-June quarter of current fiscal on good show by manufacturing and farm sectors, according to the government data released today. The growth cemented India’s position as the fastest growing major economy, clocking higher expansion rate than China’s 6.7 in the […]