"economy"

Chief Economic Advisor Krishnamurthy Subramanian said the second wave of COVID-19 is unlikely to have a very significant on the economy

He also said the financial system is on the front foot to aid recovery, but the priority is to maintain and preserve financial stability.

GDP growth in the current fiscal was estimated to be in double digits initially, but a severe second wave of pandemic has led to various agencies cut growth projections.

According to an assessment by the Reserve Bank, the second wave has cost the nation about Rs 2 lakh crore in terms of output lost.

The association also stressed upon the need for immediate and appropriate measures by authorities to control further damage.        

"India's recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic," the World Bank said.

The government must lead the investment cycle but focus on completing the several projects that are underway and not start new ones.

Painting a rosy picture based on April's GST collections could be a miscalculation as all indicators point to a grim picture of the economy

The economist said the current localized reversal of unlocks has successfully bent the curve.

Regional markets shrugged off data showing Japan's economy contracted at 5.1% annual pace in the last quarter as numbers of new coronavirus cases surged.

Manufacturing, auto sales and other consumer activity have revived to above pre-pandemic levels.

Reserve Bank of India on Wednesday expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat.

The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained accommodative policy stance to support growth.

More and more women being pushed out of the agriculture sector points to a disturbing trend

Out of the 10 indicators of QET (Quick Economic Trends) of economic and business activity tracked by the industry body PHDCCI, 7 have performed positive in February 2021.

Banks and non-banks must use liquidity windows and newfound demand for credit to push economic revival aggressively

Premier Li also set a target for urban unemployment rate of around 5.5 per cent, with a goal of more than 11 million new urban jobs, up from nine million last year.

The economy would have been even worse if not for the country's technology exports, which saw increased demand driven by personal computers and servers.

On Friday, the BSE Sensex had crashed 1,939.32 points or 3.80 per cent to end at 49,099.99 – its worst one-day fall since May 4 last year.

The economy expanded 1 per cent in the fourth quarter, a second consecutive quarter of growth.