Tag: Indian Economy

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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…

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 […]

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 […]