Tag Archives: indian economy

The collection of taxes on goods and services (GST) by the Center and the states exceeded the ₹$ 1 trillion for the fifth consecutive month in February, helped by an aggressive push to improve business compliance and recovery. The sustained rise in GST collections, which recovers after a sharp drop …

NEW DELHI: The GST collection in February this year stood at Rs 1.13 lakh crore, according to data released by finance Minister Monday. This is the fifth month in a row of GST’s collection to exceed the 1 lakh crore rupee mark. The current cleaning is a 7 percent increase …

India’s economic growth in the December quarter is “a reflection of a further strengthening of the V-shaped recovery that began in the second quarter of 2020-21,” the Finance Ministry said on Friday. After contracting for two consecutive quarters, India’s gross domestic product (GDP) posted marginal growth of 0.4% year-on-year in …

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 …

India’s economy is poised for its biggest annual contraction in records dating back to 1952, as the rapid spread of coronavirus cases and measures to contain them hurt businesses and households. Gross domestic product will contract 7.7% in the financial year ending March 2021, the statistics ministry said in its …

NEW DELHI: Indicating a rebound in economic activity, imports increased for the first time since February, increasing 7.6% to $ 42.6 billion in December, while exports were 0.8% lower to $ 26.9 billion due to lower shipments of oil products to UAE and parts of Europe. As a result, the …

The stupendous recovery of the stock markets after a 36% drop between February and March 23, 2020, surprised many as it coincided with the spread of the coronavirus, and recently with the appearance of a more powerful mutant form of the virus just when the promise of a vaccine since …

In just over a month, the Finance Minister, Nirmala Sitharaman, will present what she has announced as “a Budget like never before.” As a year ends like never before, there are questions about the way forward, even if the budget, or any political intervention by the government in the coming …

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 …

India, which appears to have been rejected for becoming the world’s sixth-largest economy in 2020, will once again overtake the United Kingdom to become the fifth-largest in 2025 and race to third place in 2030, an expert group said on Saturday. India had overtaken the UK in 2019 to become …