WASHINGTON: The International Monetary Fund (IMF) on Tuesday projected an impressive 11.5 percent growth rate for India in 2021, making the country the only major economy in the world to record double-digit growth this year in middle of the coronavirus pandemic. The IMF’s growth projections for India in its latest …
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Dear readers, Throughout the year at ExplainSpeaking, we have strived to make sense of the most important developments in the Indian economy. As the year ends, here are the 2020 highlights and five things to look out for in 2021. The 2020 calendar year started on a rather weak note …
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NEW DELHI: India, which appears to have returned to being the world’s sixth-largest economy in 2020, will once again overtake the UK to become the fifth-largest in 2025 and rush to third place in 2030, an expert group said Saturday. India had overtaken the UK in 2019 to become the …
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NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday it said there were visible signs of recovery, but India gross domestic product (GDP) could be in negative zone or close to zero in the current fiscal year in the wake of the ongoing coronavirus pandemic. Speaking at CERAWeek’s India Energy Forum, …
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NEW DELHI: India’s record contraction in the last quarter delays economic progress by several years and puts Prime Minister Narendra Modi’s ambitious goals of doubling the size of the economy to $ 5 trillion almost out of reach. The 23.9% drop in gross domestic product in the June quarter from …
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India’s growth in the first quarter of the current financial year is likely to be “the worst” among the four quarters of fiscal year-21 due to economic disruptions caused by the Covid-19 pandemic, according to a report by EY India that indicates a better economic performance since the second quarter. …
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