Tag Archives: GDP

India entered an unprecedented recession with the economy contracting in the three months to September due to the lingering effects of the shutdowns to contain the Covid-19 outbreak. Gross domestic product fell 7.5% in the last quarter from a year earlier, the Statistics Ministry said on Friday. That was milder …

India’s gross domestic product or GDP contracted 7.5% in the quarter ending September compared to the same period last year, data released by the Union’s Ministry of Statistics and Program Implementation showed (Mospi) on Friday. India’s GDP fell 23.9% in the April-June quarter, the worst in decades, amid the coronavirus-induced …

The broader markets were outperforming the benchmarks. Share market news today | Sensex, Nifty, stock prices LIVE: National benchmarks ranged between gains and losses on Friday morning. S&P BSE Sensex started trading at 44,325 points, while the 50-share Nifty was above 13,000, but the indices soon gave up gains to …

The National Statistical Office (NSO) will release GDP statistics for the quarter ending September today (November 27). There is near unanimity that they will mark a significant improvement from the massive 23.9% contraction seen in GDP figures for the quarter ending in June. The internal model of the Reserve Bank …

There has been a significant improvement in the economy during the second quarter, said Dinesh Khara, president of the State Bank of India. Khara spoke at the Hindustan Times Leadership Summit 2020. “I will relate the improvement to the unlock situation. Unlocks lead to increased demands, which leads to significant …

Goldman Sachs on Tuesday revised India’s GDP target for fiscal year 21 to a 10.3% contraction compared to the previous forecast of a 14.8% contraction. He believes that GDP growth will recover to 13% in fiscal year 22 on the low base and benefits of the vaccine. The US-based firm …

What did the RBI warn about falling GDP amid the pandemic and what awaits us? The story so far: The latest monthly newsletter of the Reserve Bank of India (RBI) features an article by an official in its Monetary Policy Department titled ‘An Index of Economic Activity for India’, where …

To ease home buyers, the government on Thursday doubled the tax exemption limit on the price differential between the circular rate and the deal value to 20%, a key component of the new economic stimulus package of 2.65 crore which also includes easy working capital for loans to 26 sectors …

Finance Minister Nirmala Sitharaman said Thursday that global rating agency Moody’s has reassessed the country’s growth figures after noting the rapid recovery from Covid-19 in the country. “I would like to announce some new measures in the series of stimulus announcements that we have been making … there are quite …

Image for representation. The central bank has “predicted” that the Gross Domestic Product (GDP) for the July-September quarter is set for a contraction of 8.6 percent. News18.com Last update: November 12, 2020 12:14 PM IST FOLLOW US: For the first time in history, India’s economy entered a “technical recession” in …