Tag Archives: indian economy

India’s economy showed signs of stabilization in August and manufacturing and services gradually improved even as coronavirus cases spiked across the country. Five of the eight high-frequency indicators compiled by Bloomberg News gained last month, while two were unchanged and one deteriorated. That kept the needle on a dial that …

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 Udit Misra, edited by Explained Desk | New Delhi | September 13, 2020 7:56:41 am Migrant workers who had left Maharashtra during the lockdown returned to the state when restrictions were eased. (Express photo by Pradip Das) Dear readers, This week began with several economists dating their revised …

Former Congress President Rahul Gandhi continued his attack on the government on Saturday over declining Gross Domestic Product (GDP), job losses, and the growing number of Covid-19-related cases and deaths in the country. After mocking the Modi government, he said that its “well-planned fight against Covid-19 has put India in …

NEW DELHI: Moody’s Investors Service cut Friday growth projection for the current fiscal to (-) 11.5 percent, from (-) 4 percent previously estimated, saying that the economic contraction would be more pronounced due to the lockdown and the continued increase in coronavirus cases. The US-based rating agency also projected that …

India plans to offer incentives for value ₹1.68 trillion ($ 23 billion) to attract companies to establish manufacturing in the South Asian nation, people with knowledge of the matter said. The government of Prime Minister Narendra Modi will offer production-linked incentives to automakers, solar panel makers and specialty steel to …

Mumbai: The Indian economy will contract 9% in 2020-21 as coronavirus infections are still at their peak and the government is not providing adequate direct fiscal support, the Crisil rating agency said Thursday. In May, Crisil had estimated that the economy would contract 5%. The latest projection comes days after …

Goldman Sachs and Fitch Ratings on Tuesday forecast a deeper-than-previously estimated economic recession for India in fiscal year 21, arguing that limited fiscal support, fragilities in the financial system and a continued rise in coronavirus cases are hampering a rapid normalization of economic activity. Investment bank Goldman Sachs anticipates that …

MUMBAI : Finance Minister Nirmala Sitharaman said on Wednesday that banks will be the catalysts for economic recovery. “At this stage, the catalysts for economic reactivation, the catalysts that have the pulse of each of its clients, are the banks,” said the finance minister. He spoke after launching PSB Alliance-Doorstep …

Global rating and research houses such as Fitch and Goldman Sachs have cut their estimates of growth for India’s gross domestic product (GDP) for the current fiscal year 2020-21 (FY21). While Fitch now expects the country’s GDP to contract 10.5 percent in fiscal year 21 compared to its previous estimate …