"indian-economy"

Stating that India needs many things to be right for its recovery to continue, S&P said the country needs to quickly and thoroughly vaccinate most of its 1.4 billion people

He noted that the idea of a bad bank is to buy bad loans and other illiquid holdings of another financial institution and by transferring such bad loans to bad bank, the original institution can clear its balance sheet.

The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers.

While one can take comfort in IMF’s praise for India’s “very decisive” steps to deal with the pandemic, several challenges need to be overcome

Recovery could have been much faster if the government has spent more, says an expert.

The report, however, expected the gross domestic product (GDP) to dip in 2022-23 fiscal year to 6.8 per cent.

India's GDP growth was forecast to dip in 2022 calendar year to 5.9 per cent, according to the report.

The subsequent lockdown brought with it several new problems including stopping of construction activities, unavailability of labour, muted sales and tepid buyer sentiment.

In the current fiscal, manufacturing sector is likely to see a contraction 9.4 per cent whereas growth was almost flat at 0.03 per cent in the year-ago period.

The monthly bulletin of the central bank for December said the more evidence has emerged since the last bulletin which shows that the Indian economy is coming out of the Covid-induced slowdown.

In a session titled ‘Transformation of India with a focus on the entrepreneur ecosystem’ Kant said that India has grown as a technology country.

The decline in the GDP narrowed to 7.5 per cent in the second quarter of this financial year, over 23.9 per cent in April-June quarter

We have now shrugged off the negative impact of the pandemic and are moving towards a sustained high growth trajectory in the coming years, said Niti Aayog Vice-Chairman

S&P projected the Indian economy to grow at 10 per cent in the next fiscal

Though this is a rebound from the earlier quarter but with this contraction Indian economy has hit technical recession for the first time

Eight consecutive quarters of slowdown landed in the lockdown which resulted in a recession period, says Minister

Addressing a press conference to announce more stimulus measures to boost growth, she said macro-economic indicators are pointing towards recovery

Contributes 40 per cent to overall launches across top seven cities of India, says JLL

The International Monetary Fund in its annual World Economic Outlook significantly downgrades India's growth for the fiscal year 2020 to minus 10.3 per cent. At the same time, IMF said that India is likely to bounce back with an impressive

India is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, IMF said