Tag Archives: GDP growth

The new investments needed for the economy to reach the $ 5 trillion goal would amount to nearly Rs 500 million over the 7-year period from 2021 to 2027. Prime Minister Narendra Modi’s goal of turning India into a $ 5 trillion economy will now take a few more years. …

Rahul Gandhi tweeted again a data table originally shared by renowned economist Kaushik Basu (Archive) New Delhi: Congressman Rahul Gandhi this afternoon cited figures compiled by renowned economist Kaushik Basu, which project that India’s GDP is the fastest shrinking among a selection of 11 Asian nations, including China, to deal …

By: ENS Economic Bureau | New Delhi | Updated: October 15, 2020 7:49:33 pm Global growth is projected to contract 4.4 percent, an upward revision of 0.8 percent since its June update, the IMF said. Kaushik Basu, Cornell University economics professor and former World Bank chief economist Kaushik Basu, has …

Bangladesh is expected to overtake India in terms of gross domestic product (GDP) per capita this calendar year, thanks to a sharp contraction in the Indian economy due to Covid-19 and the economic lockdown. According to the International Monetary Fund (IMF) -World Economic Outlook (WEO), Bangladesh’s GDP per capita in …

The Reserve Bank of India (RBI) on Friday revised its GDP growth estimate for 2020-21 to -9.5%, down from the August estimate of -4.5% given in its annual report, indicating the pain that the economy is likely to suffer this year due to the coronavirus disease. RBI tends to be …

The Reserve Bank of India’s Monetary Policy Committee voted on Friday to keep key rates unchanged and maintained an accommodative stance, Governor Shaktikanta Das announced. With this repurchase rate it remains at 4.0% while the reverse repurchase rate remains at 3.35% The development comes amid signs of recovery in the …

Chandigarh | September 14, 2020 12:58:30 am Rajinder kumar (Written by Rajinder Kumar) The 23.9% contraction of the real Gross Domestic Product (GDP) of the Indian economy in the first quarter (Q1) of the current financial year compared to Q1 last year, as shown in the GDP data published by …

Written by George Mathew, Sandeep Singh, edited by Explained Desk | New Delhi | Updated: September 6, 2020 2:47:13 pm India’s foreign exchange (forex) reserves increased by $ 3.883 billion to hit an all-time high of $ 541.431 billion in the week ending August 28. (File photo) India’s foreign exchange …

The collapse of gross domestic product (GDP) growth by 23.9% for the period from April to June is not a surprise. The economy was under strict lockdown for most of the time to contain the pandemic. However, a little research turns up interesting trends. Mint take a look. What does …

The government will release gross domestic product (GDP) figures for the first quarter of the current financial year on Monday, which experts have said could be worse since the release of quarterly data in 1996. India’s economy is expected to contract mainly because the April-June 2020 quarter saw more of …