Petrol and diesel prices have shot up to record highs across the country after relentless price increases since early May.
While the macroeconomic numbers continue to recover, it is the right time to provide a big push to measures that would generate demand and sustain the growth momentum
The road to economic recovery, economists and policy makers aver, must be paved with increased government spending on infrastructure.
The pandemic has devastated India's economy, bringing financial calamity to millions at the mercy of its chronically underfunded and fragmented healthcare system.
The Indian economy will grow in double digits for the April-June period on the low base of 2020-21 but will still be short of the levels observed in the first quarter of FY20, it said.
All six MPC members had unanimously voted to keep the rates unchanged at 4 per cent during its April meeting, amid rising uncertainty regarding the impact of the second wave on growth.
The seven-component BofA India activity indicator slowed to 1 per cent in February from 1.3 per cent in January as 4 of the 7 constituents of the India activity index slowed.
As economy recovers, survey shows 59 per cent firms in India intend to give salary increments in 2021
The study found that the southern market will lead in terms of new job opportunities with 37 per cent hiring, followed by the western zone with 33 per cent.
Ahead of G20 talks, India denounces attempts to link climate issues to economic recovery amid pandemic
The US administration has been pushing for a strong climate agenda as part of the process of recovery from the pandemic.
However, the general optimism in the report is not shared by all amid increasing cases and fears of another lockdown which may impact business and economic activities.
Odisha CM Naveen Patnaik on Saturday said the state is on the path of economic revival in the post-pandemic period.