Tag: Indian economy
17 Results
-
ADB expects India’s economy to contract 9% in 2020-21; Projects recovery in next fiscal
The ADB expects that the inflation to fall in the remainder of FY2020 to 4.5 per cent with tamed food prices and decreased economic activity.
September 15, 2020 -
Rating agency S&P projects Indian economy to contract 9% in fiscal 2021
It said the 23.9 per cent contraction in the April-June quarter was larger than expected.
September 14, 2020 -
WPI inflation accelerates to 0.16% in August
The Reserve Bank of India (RBI) in its policy review last month kept interest rates unchanged and said it sees upside risk to inflation..
September 14, 2020 -
Moody’s projects Indian economy to contract 11.5% this fiscal
It said persistent growth challenges including weak infrastructure, rigidities in labour, land and product markets, and rising financial sector risks continue to constrain the economy's potential.
September 12, 2020 -
Indian economy to contract 10.5% instead of 5%: Fitch Ratings
India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdown.
September 8, 2020 -
India’s GDP declines sharply by 23.9% for Q1 in FY 2020-21; worst contraction on record
As per the National Statistical Office, Gross Value Added (GVA) came in at -22.8 per cent.
August 31, 2020 -
‘Messenger of God’: Chidambaram jibes at Nirmala Sitharaman over ‘Act of God’ remark at GST Council meet
Briefing reporters after the 41st meeting of the GST Council on Thursday, Finance Minister Nirmala Sitharaman said the economy is facing an extraordinary 'Act of God' situation, which may result in economic contraction.
August 29, 2020 -
Extreme risk aversion can be self-defeating, says RBI Guv Shaktikanta Das warns banks
The governor said, rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, and also build sufficient resilience.
August 27, 2020 -
India wants reciprocal trade with other countries: Goyal
According to him, it is time that the Indian industry stood up as one to ensure that it gets a level playing field.
August 11, 2020 -
Equity market geared up to aid India achieve $5 trillion economy mark, says Sebi chief
The Narendra Modi government plans to make India a $5 trillion economy by 2025.
July 22, 2020 -
IIT Roorkee organises CK Prahalad Memorial Lecture on Indian economy
The objective of the initiative was to recognize and commemorate the contribution of Prof CK Prahalad, a renowned business thinker, and give a direction to tackle the current distressed economic scenario for a progressive society.
July 15, 2020 -
Economy showing signs of getting back to normalcy, but medium term outlook still uncertain: RBI Guv
Shaktikanta Das added that COVID-19 pandemic perhaps represents so far the biggest test of robustness and resilience of our economic and financial system.
July 11, 2020 -
Unreal optimism
Standard & Poor’s has already observed that the recession caused by the pandemic will have a deeper and longer impact on lenders than apprehended earlier and that gross NPAs may jump to 14 per cent in the current financial year, up from 8.5 per cent.
July 9, 2020 -
Indian economy in deep trouble: S&P
In its report titled 'Asia-Pacific losses near USD 3 trillion as balance sheet recession looms', S&P projected the region's economy to shrink by 1.3 per cent in 2020, but grow by 6.9 per cent in 2021.
June 27, 2020 -
Distressing apathy of the urban middle-class
When reality becomes too gruesome to tolerate, apathy of the urban middle class takes a backseat.
June 17, 2020 -
Risks to growth trajectory could exert downward pressure on India’s rating: S&P
S&P had projected India's economy to shrink by 5 per cent in the current fiscal, and the growth to recover to 8.5 per cent next fiscal.
June 12, 2020 -
Indian economy to grow at 9.5% in next fiscal: Fitch Ratings
India on March 25 instituted the world's largest lockdown to combat the novel coronavirus, halting almost all economic activities.
June 10, 2020