Indian economy to grow at 9.2% in FY22, surpass pre-Covid level: Centre data
The improvement in the economy comes over a GDP contraction of 7.3 per cent during 2020-21 due to the pandemic and resultant lockdown imposed to curb the spread of the deadly coronavirus.
Jan 07, 2022, 19:03 PM IST
Global economy to top $100 trillion in 2022 for the first time: Report
The global economic output is expected to exceed $100 trillion for the first time next year, according to a report by Cebr.
Dec 26, 2021, 08:28 AM IST
GDP growth to accelerate further to 9.8% in FY23: Goldman Sachs
GDP had contracted by 7.3 per cent in the pandemic-hit FY21, and is widely expected to grow at a faster pace due to the base effect in 2021-22.
Nov 23, 2021, 22:29 PM IST
India poised to become $5 trillion economy by 2024-25: Hardeep Singh Puri
Union Minister Hardeep Singh Puri said that India will become a USD five-trillion economy by 2024-25 and USD 10-trillion by 2030.
Oct 21, 2021, 18:03 PM IST
IMF projects India to be fastest growing economy in the world, keeps India's 2021-22 GDP growth at 9.5%
The global economy is projected to grow 5.9 per cent in 2021 and 4.9 per cent in 2022 - a 0.1 percentage point lower for 2021 than in the July forecast.
Oct 12, 2021, 22:23 PM IST
Moody's upgrades outlook on India to stable from negative; maintains Baa3 rating
Moody's said India's decision to keep the financial institutions flush with liquidity also reduced the risk to the country from the financial sector.
Oct 05, 2021, 20:59 PM IST
India's GDP grows 20.1% in April-June quarter
The government had imposed a nationwide lockdown at the onset of the COVID-19 pandemic last year.
Aug 31, 2021, 18:37 PM IST
Indian economy picking pace again, says PM Modi at CII meeting
Addressing industry chamber CII's meeting, the PM said that the government stands by industry.
Aug 11, 2021, 17:49 PM IST
China trying to paint dark outlook for Indian economy, warns Global Times
The mouthpiece is known to have a pessimistic view of India and recently faulted India's manufacturing sector.
Jul 25, 2021, 22:42 PM IST
India's exports rise to $95 billion in Q1 of 2021: Piyush Goyal
Giving hope to the industry sentiments, Goyal said that every possible measure is being taken to make sure that the Indian economy recovers from the dastardly effects of the COVID-19 pandemic.
Jul 02, 2021, 16:01 PM IST
Billionaire Rakesh Jhunjhunwala says there won’t be any third wave of COVID-19. Here’s why
Jhunjhunwala further added that there won’t be any severe impact on the economy, however, some corrections can definitely be expected.
Jun 21, 2021, 19:27 PM IST
World Bank projects India to grow at 8.3 per cent in 2021
In 2020, India's economy is estimated to have contracted by 7.3 per cent while in 2019, it registered a growth rate of four per cent, the World Bank said, adding that in 2023, India is expected to grow at 6.5 per cent.
Jun 08, 2021, 19:23 PM IST
Global economy expected to expand 5.6 per cent in 2021, says World Bank
Among major economies, US growth is projected to reach 6.8 per cent this year, reflecting large-scale fiscal support and the easing of pandemic restrictions. Growth in other advanced economies is also firming, but to a lesser extent.
Jun 08, 2021, 19:15 PM IST
Indian economy contracts 7.3%, Q4 GDP grows 1.6%
In the first quarter, the Indian economy contracted 24.4 percent due to COVID-19 forced lockdown, and that heavily affected the manufacturing of essential goods and provision of essential services. With ease in lockdown from June 8, the scenario remained bleak as several service sector industries were shut down.
May 31, 2021, 17:50 PM IST
Indian economy to contract by only 3.8% in June quarter as compared with March: Nomura
The brokerage said vaccinations are trailing at present, but the pace of inoculation will pick up after June as its analysis indicates increased supply.
May 20, 2021, 15:02 PM IST
RBI Governor Shaktikanta Das: Second wave of Coronavirus affected Indian Economy
The Reserve Bank of India on Wednesday asked banks to give more time to some borrowers to repay their loans, among other support measures, after another lockdown was imposed in several states amid the second wave of COVID-19 infections in the country.
May 05, 2021, 12:06 PM IST
S&P forecasts 11% growth for India this fiscal, flags 'substantial' impact of broader lockdowns
In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy. New infections have spiked in recent weeks and the country is in the middle of a second pandemic wave.
Apr 22, 2021, 15:32 PM IST
Exports jump 60% to $34.45 billion in March on growth in pharmaceuticals, engineering goods sectors
Imports too grew by 53.74 per cent to USD 48.38 billion in March, but dipped by 18 per cent to USD 389.18 billion during April-March 2020-21, according to the Commerce Ministry data released on Thursday.
Apr 15, 2021, 23:06 PM IST
Indian economy to grow at historic 12.5%: IMF
The WEO projected India`s gross domestic product (GDP) growth to moderate to 6.9 percent in the next fiscal year, while still retaining the top growth rate spot. Any elation over the historically high rate is, however, moderated by the fact of India`s negative growth rate of 8 percent during 2020-21.
Apr 06, 2021, 22:05 PM IST
PM Narendra Modi emphasises on working hard to make manufacturing in India globally competitive
PM Narendra Modi said that the increased manufacturing capacity results in increased job opportunities and the government has taken reforming measures to boost manufacturing. He stressed the fact that speed and scale have to be increased in order to boost manufacturing.
Mar 05, 2021, 12:33 PM IST
