The World Bank's projection for the current fiscal is lower than the Indian government's first advance estimate, as per which the GDP will likely grow by 9.2 percent.
January 12, 2022
According to the agency, the steady progress in vaccination has improved consumer sentiments.
November 26, 2021
Amid the waning possibility of a third Covid wave, the agency expects the economy to register better growth in the remaining part of the year.
November 9, 2021
The global economy is projected to grow 5.9 per cent in 2021 and 4.9 per cent in 2022 - a 0.1 percentage point lower for 2021 than in the July forecast.
October 12, 2021
New Delhi: India’s GDP contraction due to the impact of Covid pandemic is expected to narrow down to…
December 16, 2020
Due to a weaker-than-expected 2QFY21, we revise down our 3QFY21 and 4QFY21 growth forecasts.
November 30, 2020
The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by (-) 7.5 per cent from (-) 23.9 per cent in the preceding quarter.
November 27, 2020
Under the scheme, manufacturers in key sectors will receive incentives in the form of direct payments over five years.
November 20, 2020
New Delhi: As the economy recovers from the lows of pandemic-induced lockdown, the year-on-year contraction in India’s GDP…
November 20, 2020
The IMF report, however, foresees a sharp recovery for India in 2021, which will get India ahead of Bangladesh once again in per capita GDP.
October 15, 2020
Citing World Bank assessment, Das said that recovery globally would take a longer route as it is not fully entrenched.
September 16, 2020
The Congress has been attacking the Prime Minister and his government for “failing to control” the spread of the coronavirus disease, with India surpassing Brazil to record the second-highest number of Covid-19 cases in the world
September 12, 2020
New Delhi, Sep 11 : Moody’s Investor Service on Friday enhanced the contraction rate of India’s FY21 GDP…
September 11, 2020
‘Country’s prosperity has vanished’: Congress attacks Modi govt on jobs issue; demands end to privatisation
The Congress again attacked the central government on Friday over what it called increasing unemployment and bad condition of the Indian economy and demanded creation of jobs and an end to privatisation.
September 4, 2020
Rahul Gandhi's attack picked up from where party colleague P Chidambaram left off yesterday. Mr Chidambaram told NDTV that the country should not "blame God for a man-made disaster" - a two-in-one swipe at Finance Minister Nirmala Sitharaman's "act of God" remark and the sharp fall in GDP.
September 2, 2020
India's GDP growth rate dropped to -23.9 per cent in the first quarter of the current fiscal due to COVID-19 induced lockdown.
September 2, 2020
RBI MPC meet: More protracted spread of the pandemic, deviations from the forecast of a normal monsoon, and global financial market volatility are the key downside risks, said Das
August 6, 2020
"We estimate the fiscal cost of this package at 1.2 per cent of GDP, which is lower than what we had assumed in our earlier estimate (when we foresaw a growth in GDP)," it said.
May 26, 2020
The government announced 9 measures with focus on welfare measures for bottom-of-pyramid population. Most of these are extension of old schemes,
May 15, 2020
The CEA said the industry had to hire local workers even at higher costs and invest in safety and skills of the migrant workers. He said the government was trying to help the migrant workers by introducing a national ration card.
May 13, 2020
The report, however, said that a strong sequential recovery in the second half of the fiscal year is expected based on three assumptions.
April 9, 2020
A stop on the construction activities will accelerate the problems of the real estate sector which is still struggling to access funding in the middle of a meltdown in the NBFC and banking sectors.
March 30, 2020
United Nations, Jan 20 Drastically slashing India’s growth estimate to 4.8 per cent for the current fiscal year,…
January 20, 2020
On Tuesday, the Central Statistics Office (CSO) pegged the 2019-20 growth at an 11 year low of 5 per cent.
January 8, 2020
Government must recognise that fear and enterprise don’t go together. Keep the ED and the CBI at bay and ensure that income tax authorities act within the law. Enterprise alone can help fuel our economy. Otherwise the Ides of March are not far away.
December 12, 2019
Mumbai, Dec 5 : Bankers and industry were surprised and disappointed on Thursday at the RBI maintaining its…
December 5, 2019
New Delhi, Dec 2 : The Finance Ministry is not accounting any proceeds from the AGR dues of…
December 2, 2019
NIFTY made a new lifetime high on Tuesday, November 26, and did so again two days later. Friday…
December 2, 2019
New Delhi, Nov 30 : Senior Congress leader and Rajya Sabha MP Ahmed Patel accused the Modi government…
November 30, 2019
Bhubaneswar, Nov 29 : Principal Secretary to the Prime Minister Pramod Kumar Mishra on Friday said the government…
November 29, 2019
New Delhi/Singapore, Nov 28 : Moody’s Investors Service on Thursday said that credit conditions for most of India’s…
November 28, 2019
"The credit squeeze for the MSME sector has been aggravated following the default by IL&FS, which hit the NBFCs. We are, therefore, likely to see a further slowdown in aggregate demand and GDP growth during 2019-20 compared to 2018-19,"
November 16, 2019
The country's growth slumped to a six-year low of 5% in the April-June quarter.
October 12, 2019
Mumbai, Oct 4 : The fifth successive rate cut failed to cheer Indian investors as the Reserve Bank…
October 4, 2019
Mumbai: To reverse the consumption slowdown and shore-up growth, the Reserve Bank of India on Friday reduced key…
October 4, 2019
Commenting on the Prime Minister's recent 'Howdy Modi' US tour, Vallabh said the visit was "hyped", full of gaffes and a failure.
September 28, 2019
"The Indian economy is likely to slow down further to 5.7 per cent in April-June from a five-year low of 5.8 per cent in January-March," Nomura analysts Sonal Varma and Aurodeep Nandi said in their client note.
August 21, 2019
What went by: Bonds continued their positive run with the 10-year bond yield falling by 51 basis points…
August 9, 2019
Pointing at the figures, Subramanian said: "If this chart is right, then my understanding of India needs revision."
July 10, 2019
The Survey points out that Uttar Pradesh, Bihar, Odisha and West Bengal need special attention in the appointment of additional judges.
July 4, 2019
New Delhi, June 11 (IANS) The government on Tuesday rebutted former Chief Economic Adviser Arvind Subramanian’s contentions regarding…
June 11, 2019
New Delhi, May 26 (IANS) Impacted by a consumption slowdown, India’s economy faces another peril, that of rising…
May 26, 2019
New Delhi, May 9 (IANS) Congress leader P. Chidambaram on Wednesday alleged that the BJP-led government had tried…
May 9, 2019
The scheming BJP is a master of one scheme -Headlines management!
March 13, 2019
In this national election year, the concept of a universal basic income has become a political football. The…
March 8, 2019
New Delhi, Feb 28 (IANS) India is estimated to grow at a slower pace of 7 per cent…
February 28, 2019
United Nations, Jan 9 : Fuelled by policy reforms and rebound in credit, India’s economy is forecast to…
January 9, 2019
"Districts experiencing more severe demonetization had relative reductions in economic activity, faster adoption of alternative payment technologies, and lower bank credit growth," the study said.
December 19, 2018
"In addition, any further distress in the Indian NBFI sector will pose significant downside risks to India's growth outlook."
December 14, 2018
"Through my new book, I am drawing attention to the puzzle, the big puzzle of 86 per cent reduction in cash after demonetisation, and yet the impact on the economy was much less," he said.
December 9, 2018
Mumbai, Dec 6 : Global ratings agency Fitch Ratings on Thursday lowered India’s growth forecasts to 7.2 per…
December 7, 2018
Mumbai, Dec 3 :The RBI is expected to keep its key interest rate unchanged at its penultimate monetary…
December 3, 2018
Chidambaram said going forward, it was likely that the October-December (Q3) and January-March (Q4) quarters would register similar growth rates unless there were unexpected shocks.
December 1, 2018
Principal Economic Adviser to the Finance Ministry Sanjeev Sanyal said while the "unofficial" back-series had a kink and the official one did not, it may still have "some issues regarding the use of certain data streams that they have used".
November 30, 2018
"Faced with utter and complete rejection of the ‘voodoo economics' of Modi and Jaitley duo, they are resorting to malicious and fraudulent jugglery of GDP figures to hide the enormous body blow caused by them to India's economy,"
November 29, 2018
"...But when a shock like demonetisation occurs, that primarily affects the informal sector, relying on formal indicators to measure overall activity will overstate GDP.
November 28, 2018
New Delhi, Aug 31 : With the Indian economy registering a GDP growth of 8.2 per cent in…
August 31, 2018
Mumbai, Aug 29 : Global credit ratings, research and risk analysis firm Moody’s Investors Service on Wednesday said…
August 30, 2018
New Delhi, Aug 18: Senior Congress leader and former union minister Kapil Sibal on Saturday took to twitter…
August 18, 2018
New Delhi, April 12 (IANS) The Confederation of Indian Industry (CII) on Thursday said it expects India’s gross…
April 12, 2018
New Delhi, Jan 6: Launching a scathing attack on Modi-led government over the estimate of India’s GDP growth…
Congress leader Anand Sharma also lashed out at the government, accusing it of “monumental mismanagement” of the economy…
Congress President Rahul Gandhi on Saturday attacked the Centre for the economic slump in the country and described…
Mumbai, Dec 4: The Reserve Bank of India (RBI) is expected to keep its key interest rate unchanged at…
December 4, 2017
New Delhi, Nov 30: Former Finance Minister P Chidambaram on Thursday said he was happy that the economy has…
November 30, 2017
Strong govt spending and data revisions in India led to an upward revision of 2016 growth to 7.1 per cent.
October 10, 2017
Mumbai, Oct 2, 2017: International ratings agency Fitch on Monday lowered India’s growth forecast to 6.9 per cent,…
October 3, 2017
With informal and small-scale sectors accounting about 40 per cent of the USD 2.5 trillion economy, Singh said that the decision of demonetisation, coupled with GST, had an adverse impact on the economy.
September 19, 2017
The Congress on Friday said that the drop in growth rate has been 3 per cent, which means a loss to the country to the extent of Rs. 4 to 4.5 lakh crore.
September 1, 2017
Attaining 6.75-7.5 per cent GDP growth projected previously will be difficult:Econimic survey part 2
Finance ministry on Friday(11th August) released 2nd part of the economic survey which highlighted the new issues related…
August 11, 2017
According to the Central Statistics Office that brings out data on GDP, no direct data is available to measure the effect of demonetisation on GDP
July 18, 2017
The role of interest rate in Indias growth is grossly underplayed. The movement of interest rates has been…
June 21, 2017
June 2, Friday : BJP leader Subramanian Swamy attacked centre by saying government Should defer implementation of Good…
June 2, 2017
New Delhi, June 1, 2017: Senior Congress leader P Chidambaram on Thursday attacked Modi government’s demonetisation move by…
June 1, 2017
It will take time for this message to reach people, for the false claims made by the government to be understood in totality.
April 15, 2017
At 19, Dinesh Manjhi is the breadwinner for his family–three siblings and a 55-year-old mother. But his tryst…
March 25, 2017
New Delhi, March 6, 2017: Former Union minister and senior Congress leader Kapil Sibal in an interview to…
March 6, 2017
New Delhi, February 28: The Central Statistics Office on Tuesday revealed the growth stats during the quarter running…
February 28, 2017
Washington, February 23: Due to disruptions caused by Modi government’s demonetisation drive, International Monetary Fund has yet again estimated…
February 23, 2017
New Delhi, Feb 17 : Reserve Bank Governor Urjit Patel today said India’s economic growth will make a “sharp…
February 17, 2017
New Delhi, Feb 13 The government is working towards increasing exports to China to balance a wide trade…
February 13, 2017
New Delhi, Jan 6 : The Indian economy is expected to grow at 7.1 per cent this fiscal —…
January 6, 2017
Given great uncertainty about outlook and policies of others in these times, a country like India should try…
May 22, 2016
Jairam Ramesh also questioned the credibility of the current GDP growth figure of 7.6 per cent, claiming that…
May 11, 2016