The central government announced on Monday a ₹Demand for Rs 73 billion pushes the economy ahead of the holiday season, following the lead of the Reserve Bank of India (RBI), which tried to support an economic recovery in its October monetary policy. While measures to boost consumer spending, as well …
Read More »FM presents proposals to stimulate demand in the economy
Finance Minister Nirmala Sitharaman addresses the media on key economic issues. Earlier this month, Finance Minister Sitharaman said the revival of the economy after the Covid shutdown was clearly visible and that the indicators looked positive. This view was also shared by the Reserve Bank of India Shaktikanta Das last …
Read More »India will be the world’s third largest economy by 2050, study finds
The Indian economy will become the third largest in the world by 2050 after the United States and China, according to a study published in the Lancet. India is currently in fifth place followed by France and the United Kingdom. The researchers studied the trends in the working-age population of …
Read More »The worst is over, the economic recovery is faster than expected: Keki Mistry, CEO of HDFC
New Delhi: HDFC Ltd mortgage lender chief executive Keki Mistry said on Saturday that “the worst is over” and that the economic recovery has been faster than expected. Stating that growth in the December quarter could outpace the expansion seen in the corresponding quarter a year ago, Mistry said the …
Read More »The World Bank expects a steeper cut in India’s GDP for fiscal year 21, estimating a 9.2% drop from 3.2%
NEW DELHI: The World Bank on Thursday projected a 9.2% contraction for the Indian economy, steeper than the 3.2% estimated in June, highlighting the impact of the pandemic-induced lockdown and the income impact experienced by households and small businesses. urban service companies. “However, there is substantial uncertainty related to the …
Read More »India may have passed peak coronavirus cases, finance ministry says
India has recorded more than 65 lakh of coronavirus cases. New Delhi: India may have “crossed the peak of the coronavirus case burden,” the Finance Ministry said in its September economic review report, emphasizing that “the consequent resurgence in demand is palpable in many sectors,” as the The country eases …
Read More »From economic council prime minister to Niti Aayog, growing concern over government’s clenched fist
Written by P Vaidyanathan Iyer | New Delhi | Updated: October 2, 2020 7:06:48 am Minister of Finance, Nirmala Sitharaman. (Proceedings) Speaking to The Indian Express on September 26, Union Finance Minister Nirmala Sitharaman said that she is open to “the need for more encouragement” and its moment. That may …
Read More »Manufacturing activity expands at the fastest pace in 8 years in September: PMI
India’s manufacturing activity expanded at its fastest pace in more than eight years in September, as a relaxation in coronavirus lockdown restrictions fueled a surge in demand and production, a private survey showed Thursday, though layoffs continued. Signs of recovery are good news for Asia’s third-largest economy, which is expected …
Read More »India’s manufacturing activity in September grew at the fastest rate in more than eight years
India’s manufacturing activity expanded at its fastest pace in more than eight years in September, as a relaxation in coronavirus lockdown restrictions fueled a surge in demand and production, a private survey showed Thursday, though layoffs continued. Signs of recovery are good news for Asia’s third-largest economy, which is expected …
Read More »ExplainSpeaking: What should farmers demand instead of MSPs?
Written by Udit Misra, edited by Explained Desk | New Delhi | Updated: September 27, 2020 8:01:30 am Farmers shout slogans as they block a train track in protest against new agricultural laws, in the village of Devi Dass Pura, about 20 kilometers from Amritsar (AP) Dear readers, Looking back, …
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