Tag: Indian Economy

FM May Release Sops For Realty, Export Sectors

New Delhi: Finance Minister Nirmala Sitharaman is scheduled to announce further relief measures for the economy on Saturday to reverse the current economic slowdown. Though the agenda of her conference is not detailed, sources said that the focus of the announcements could be on measures to boost the realty and export sectors. The Finance Minister […]

  • Sunday, 25 April 2021
People Well-Versed In Macroeconomics Can Only Revive Economy: Swamy

New Delhi: BJP MP Subramanian Swamy, who has often criticised the government’s economic policies, believes only people with solid grounding in macroeconomics can pull the economy out of its current tailspin. He is of the opinion that the government today needs a crisis management team of experienced politicians and professional but politically-savvy economists who are […]

  • Sunday, 25 April 2021
India Inc. Double Cheers Govt's Rs 1.45L Cr Stimulus

New Delhi: India Inc. on Friday double cheered the government’s Rs 1,45,000 crore stimulus, which includes slashing corporate tax to 22 per cent for domestic companies, lower tax of 15 per cent for new manufacturing firms and measures to boost the capital market. “We welcome the Finance Minister’s proposition of slashing corporate tax, scrapping surcharge […]

  • Sunday, 25 April 2021
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai
Sensex, Nifty Rally For 2nd Day On Tax Booster; Close At 2-Month High

Mumbai: Market benchmark BSE Sensex skyrocketed by 1,075 points to close at more than two-month high on Monday, extending its bull run for a second straight day on the back of gains in financial, banking and FMCG stocks after the tax booster by the government. The broader NSE Nifty zoomed by 326 points or 2.89 […]

  • Sunday, 25 April 2021
Near-term outlook of Indian economy fraught with risks: RBI

New Delhi: The Indian economy which has largely been subdued in the past few quarters and signs of a slowdown have cropped up, is likely to face several more risks in the near term, according to the Reserve Bank of India (RBI). The RBI in its Monetary Policy Report, October 2019, has also said that […]

  • Saturday, 24 April 2021
Private Consumption Slows, Indian Economy Seen 'Fraught With Risks'

New Delhi: The Indian economy, which has been witnessing slowdown over last few quarters, is likely to face several more risks in the near future, with one of the major factors being drop in private consumption, according to the Reserve Bank of India (RBI). The RBI in its Monetary Policy Report, October 2019, has also […]

  • Saturday, 24 April 2021
India Still Fast-Growing Economy With Lot Of Potential: World Bank Economist

Washington: India has been relatively hit hard by the recent global slowdown resulting in its projected growth dropping to 6.0 per cent in 2019, but it’s still a fast-growing economy with a lot of potential, a top World Bank economist said on Sunday. “It’s still a fast-growing economy. So even with the recent slowdown, it […]

  • Saturday, 24 April 2021
Indian Economy In Tailspin Warns Nobel Laureate Banerjee

New York: The newly-minted economics Nobel laureate Abhijit Banerjee has warned that the Indian economy is going into “a tailspin” and his prescription for the government is to focus on increasing demand rather than deficits or stability. “The economy going into a tailspin is the time when you don’t worry so much about monetary stability […]

  • Saturday, 24 April 2021
Further Demand Slowdown On The Cards: NCAER

Mumbai: Economic think-tank, National Council of Applied Economic Research (NCAER) on Saturday said India is likely to see a further slowdown in aggregate demand and GDP growth during 2019-20. NCAER also anticipated a recurrence of the large shortfall in tax revenue observed in 2018-19 but also added that its impact on the total revenue will […]

  • Friday, 23 April 2021
India Still Projected As Fastest-Growing Economy: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Monday said in the Lok Sabha that growth has decelerated, but there is no slump and India is still projected to be the fastest-growing economy in FY20 among the G-20 nations. She said the government has been taking several measures to address moderate levels of fixed investment rate […]

  • Friday, 23 April 2021
Govt On Track To Make India $5 Trillion Economy By 2024: Principal Secy Pramod Misra

Sambalpur: The government is working hard to realise Prime Minister Narendra Modi’s dream of making the country a five trillion dollar economy by 2024 and has taken steps to overcome the phase of economic slowdown, Principal Secretary to the Prime Minister Pramod Kumar Misra said on Friday. The nation is witnessing a new sense of […]

  • Thursday, 22 April 2021
Indian Economy May Grow At 6% In 2020

New Delhi: Fears of an economic crisis in India are likely to decrease and the country may recover from decelerating growth in 2020, a new report said on Tuesday. According to US-based private equity firm Blackstone, this year the Modi government is likely to continue business-friendly growth reforms, and the Indian economy is likely to […]

  • Wednesday, 21 April 2021
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…

  • Tuesday, 20 April 2021
COVID-19 causes severe disruption to Indian economy, says World Bank
COVID-19 causes severe disruption to Indian economy, says World Bank

Washington: The World Bank on Sunday said the coronavirus outbreak has severely disrupted the Indian economy, magnifying pre-existing risks to its outlook. In its South Asia Economic Update: Impact of COVID-19 , the World Bank estimated the Indian economy to decelerate to 5 per cent in 2020 and projected a sharp growth deceleration in fiscal […]

  • Sunday, 18 April 2021
RBI Unleashes More Firepower; Cuts Reverse Repo

Mumbai: To mitigate the impact of economic fallout on financial liquidity due to COVID-19 pandemic, the Reserve Bank of India on Friday announced a set of new measures including a reduction in reverse repo rate. Accordingly, the rate now stands at 3.75 per cent of Liquidity Adjustment Facility (LAF). The reverse repo is an important […]

  • Saturday, 17 April 2021