Tag: Indian economy
17 Results
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India’s November retail inflation slips to 6.93%, food prices cool down
The Consumer Food Price Index, increased at a slower rate of 9.43 per cent in November from 11 per cent in October.
December 15, 2020 -
India’s GDP contracts by 7.5 per cent in Q2FY21
The economy had shrunk by an unprecedented 23.9 per cent in the first quarter of this fiscal due to the coronavirus pandemic and resultant lockdowns.
November 27, 2020 -
RBI Guv Das says country’s economic recovery stronger than expected
It can be noted that the Indian economy contracted by 23.9 per cent in the first quarter of the fiscal year, and the RBI expects the economy to shrink by 9.5 per cent in FY21.
November 26, 2020 -
India’s WPI inflation rises 8-month high of 1.48% in October
In the manufactured products category, inflation stood at 2.12 per cent in October, compared to 1.61 per cent in September.
November 16, 2020 -
India enters into historic technical recession: RBI report
The contraction is ebbing with gradual normalisation in activities and expected to be short-lived.
November 12, 2020 -
‘Economy likely to enter into technical recession for first time in history’: RBI
The RBI also said that the NSO estimates for the second quarter expected at the end of November 2020 will formally bear out the extent of improvement that occurred in the quarter gone by.
November 12, 2020 -
India’s economy expected to bounce back from next fiscal, says SBI chairman Khara
The corporate sector will become "very careful about borrowings" and use their internal resources initially.
November 7, 2020 -
Technology in agriculture
There is a wide gap between the technologies developed in the research institutions and their applicability at the farmers field. Awareness among farmers as to technologies must be created for better transfer of research technologies.
October 31, 2020 -
India at the doorstep of economic revival, says RBI Guv Das
He further said that the central bank has asked all the banks and NBFCs to undertake stress test internally.
October 22, 2020 -
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