India Economy

India expected to grow at 7.2 per cent in 2021 but could decelerate next year: UN report

The UNCTAD Trade and Development Report 2021, released here on Wednesday, sounded a cautiously optimistic note to say that the global economy is set for a strong recovery in 2021.

published on : 16th September 2021

Slump in Industrial loans drags overall credit growth

The share of these industries makes up for 80.5% in the total outstanding credit to industry.

published on : 3rd September 2021

Inflation eases, but India's economy not out of woods yet, feel experts

According to data released by the Ministry of Statistics and Programme Implementation on Thursday, food inflation fell to 3.96% last month from a high of 5.15% in June. 

published on : 13th August 2021

Asian Development Bank lowers India's economic growth forecast for this fiscal to 10 per cent

The Asian Development Bank has downgraded India's economic growth forecast for the current financial year to 10 per cent.

published on : 20th July 2021

Acquire land for industries, set aside Rs 3 lakh crore for revival, CII president to Centre

The newly elected CII president said that the government can create common infrastructure in these industrial parks whether it is effluent systems, utilities, etc. 

published on : 22nd June 2021

COVID fallout: World Bank cuts India’s FY22 growth forecast to 8.3 per cent

The multinational financier cited the country’s struggle with the second wave of the Covid-19 pandemic, which it says has hampered India’s economic recovery.

published on : 9th June 2021

World Bank projects Indian economy to grow at 8.3 per cent in 2021

It also projected growth at 7.5 per cent in 2022 even as its recovery is being hampered by an unprecedented second wave of the COVID-19.

published on : 8th June 2021

FY21 fiscal deficit lower than expected at 9.3 per cent, FY22 target a tough ask

The 0.2 per cent trim in final deficit numbers is due to the combination of compressed expenditure and higher revenue collections than initially estimated.

published on : 1st June 2021

Economists differ on Q4 GDP growth numbers; estimates vary from -1% to 2%

Rating agency ICRA forecasts the fourth quarter GDP growth to be 2% while Societe General Corporate & Investment Banking (SGCIB) sees a contraction of 1%. Other predictions are within this range.

published on : 31st May 2021

Bangladesh beats India in per capita income

The neighbouring country claims average income at $2,227, higher than India’s $1,947 in FY21

published on : 20th May 2021

Rupee under pressure as COVID hits hard

Importantly, in India, the second wave of the pandemic is keeping market risk sentiment light and the USD-INR spot float.

published on : 24th April 2021

As COVID-19 second wave once again threatens economy, Centre to continue austerity drive

Officials say that while the government is more prepared than last year, the second wave is worse than anticipated.

published on : 22nd April 2021

Inflation headche: Rising prices to disrupt India's economic recovery post COVID pandemic

A further surge in global commodity prices may hit consumption and have serious implications for India’s economy which is still struggling to come out of the Covid-19 impact.

published on : 3rd April 2021

Struggle, struggle and struggle again

The World Economic Forum says that Indians born in low-income families will take seven generations to even approach the country's mean income.

published on : 21st March 2021

New headache for Modi government? India’s tax collection shortfall pegged at Rs 10 lakh crore

Analysing the structural tax gap in India, the 15th Finance Commission pegged the shortfall in tax collections to be over 5% of GDP as against its potential.

published on : 3rd February 2021
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