India economy

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

Recovery faster than expected, need to keep growth momentum: Principal economic advisor

Speaking at a webinar organised by the Bharat Chamber of Commerce, he said the country needs to keep the growth momentum and it is the only means to create employment and reduce poverty.

published on : 2nd March 2021

People hit by 'double whammy' of low growth, high inflation: Congress on third quarter data

Congress' chief spokesperson Randeep Surjewala said the third quarter GDP data proves yet again that fault lines in the Indian economy are more visible than ever before.

published on : 26th February 2021

FM Nirmala Sitharaman urges industry to unleash animal spirits; make India fastest growing economy

Nirmala Sitharaman said that disinvestment does not mean the government wants those undertakings to be closed down but wants those companies to be run better, improve productivity.

published on : 20th February 2021

Centre, states need to work closely to boost economic growth: PM Narendra Modi

PM Narendra Modi said that the initiatives taken by the government would provide opportunity to everyone to participate in nation building to its full potential.

published on : 20th February 2021
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