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NSA Ajit Doval said India's GDP would rise from USD 4.015 trillion to USD 38 trillion in the next 20 years while addressing IIT Roorkee's convocation. He urged students to be courageous, decisive and develop their own doctrine to become leaders
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Real wages, per capita income, jobs, private investment, and consumption may offer a better measure of broad-based growth
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CII president asserted that the country must pursue bilateral trade pacts with key trading partners to protect national interests in the backdrop of increasing trade barriers
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The new tariffs may adversely impact India’s booming exports in various sectors, but it could still remain competitive as China, Vietnam, Taiwan and Thailand face even higher tariffs
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India, however, is likely to be relatively less impacted among Asian economies as other countries have been hit by higher tariff rates or run a larger trade surplus with the US
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RBI’s change in stance is aimed at supporting growth but expectations must be tempered, given the uncertainties of the global economic environment
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"The conditions are shaping up for an extension of a trend upshift in India's real GDP growth, backed by strong investment demand and upbeat business and consumer sentiments," the report states.
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New Delhi: India’s gross domestic product during fiscal year 2021-22 is estimated at 8.7 per cent as compared to a contraction of 6.6 per cent in 2020-21, official data showed on Tuesday. The GDP grew 4.1 per cent year on year in Q4FY22, data showed. In the same quarter of FY21, it was 1.6 per […]
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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.
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Flagging low innoculation rate, it said faster vaccination progress will be paramount in restricting economic losses to the current quarter.
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The association also stressed upon the need for immediate and appropriate measures by authorities to control further damage.
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Crisil said that the second Covid wave has thrown cold water over the Indian economy that was beginning to warm up after witnessing the most severe contraction since Independence.
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The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20.
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State Bank of India (SBI) has developed a 'nowcasting model' with 41 high-frequency indicators associated with industry activity, service activity, and global economy.
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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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Cuts GDP growth projection to 10.2% in FY22 from an earlier projection of 10.7-10.9%
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Assam, once known for agitation and violence, is marching forward on the path of development under the leadership of the prime minister, Sonowal and Sarma, he said.
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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 economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the COVID-19 pandemic.
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The SBI business activity index showed continuous improvement and expected Q3 numbers to be even better.