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Plans to source funds from hiked taxes, additional placement of domestic government debt bonds
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By Seela Subba Rao India is the second most populous country after China with about 1.38 billion people and is the seventh largest country in the world with an area of 3,28,700 km sq. The highly contrasted country has enjoyed a growth rate of up to 10% over many years in the pre-Covid 19 era […]
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Hyderabad: Notwithstanding the adverse impact of Covid-19 pandemic on the economic growth across the world, the economy of Telangana State has shown impressive resilience and the recovery is already underway. In 2020-21, Telangana recorded Gross State Domestic Product (GSDP) of Rs 9,80,407 crore with 2.4 per cent growth rate. In comparison, the economic output (Gross […]
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Quoting the World Investment Report 2021, the Finance Minister said FDI inflows into India rose by 25.4 per cent to reach USD 64 billion in 2020
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As per the CGA data for fiscal 2020-21, the tax revenue collection was 105.9 per cent of the Revised Estimates (RE) presented in the budget.
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However, the Asian Development Bank (ADB) cautioned that the surge in Covid-19 cases may put the country's economic recovery at risk.
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IMF says it expects this to fall to 80% as a result of economic recovery
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"India is bouncing back by opening up activities, starting vaccination and leading in vaccine production," Hans Trimmer, Chief Economist of World Bank.
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"India is already looking at 'V-shaped' recovery. Along with the green shoots in various sectors, in the month of February, FPI inflows were Rs 25,787 crore," Thakur said.
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Likewise, the NSE barometer Nifty settled with a gain of 232.40 points or 1.60 per cent at 14,761.55.
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The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday
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The meeting will be held virtually for the first time due to COVID-19 protocol, sources said.
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It said India entered the pandemic with little fiscal headroom from a rating perspective.
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Accordingly, the ratings agency's estimates showed that after recording negative growth during 9MFY21, GDP growth will finally turn positive at 0.3 per cent YoY in 4QFY21.
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India's GDP growth was forecast to dip in 2022 calendar year to 5.9 per cent, according to the report.
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Panaji: Goa’s tourism industry may have suffered a loss of between Rs. 2,000 to Rs. 7,200 crore and job losses in the range of 35 per cent to 58 per cent on account of the Covid-19 pandemic, an official report said. The report ‘Coping with COVID-19: Survival and Revival of Goa’s Tourism Industry’ compiled by […]
