Economic Growth

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Economic Growth - Total results - 620
India's GDP may turn positive at 1.3% in Dec quarter of FY2020-21: DBS Bank report
India

India's GDP may turn positive at 1.3% in Dec quarter of FY2020-21: DBS Bank report

The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday

After gains on Wall Street, Asian shares mostly on the rise ahead of Joe Biden's inauguration
World

After gains on Wall Street, Asian shares mostly on the rise ahead of Joe Biden's inauguration

Janet Yellen, Biden's nominee to be treasury secretary, told the Senate Finance Committee that the incoming administration would lay out a $1.9 trillion stimulus package proposal

World Bank says Indian economy may contract by 9.6% in 2020-21, estimates severe income losses in informal sector
India

World Bank says Indian economy may contract by 9.6% in 2020-21, estimates severe income losses in informal sector

In the rest of South Asia, the economic impact of COVID-19 has been somewhat less severe but still significant. Economies that depend heavily on tourism and travel have been especially hard hit

Indian CEOs less confident about economic growth after pandemic; 62% took salary cuts: KPMG Survey
India

Indian CEOs less confident about economic growth after pandemic; 62% took salary cuts: KPMG Survey

Only 33% of CEOs are confident of the economy and 42% are optimistic about growth of their companies, as against 78% and 84% in the January survey, respectively

Narendra Modi says consumption and demand approaching pre-COVID-19 levels, economy fast preparing to bounce back
India

Narendra Modi says consumption and demand approaching pre-COVID-19 levels, economy fast preparing to bounce back

Narendra Modi cited rise in electricity demand and fuel consumption among others to point to recovery.

GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening
Business

GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening

The country's GDP growth is likely to be at 3.6 percent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report

Govt may need to pump $20 bn into coronavirus-hit state banks; soured assets likely to double: Report
Business

Govt may need to pump $20 bn into coronavirus-hit state banks; soured assets likely to double: Report

The government has already pumped in Rs 3.5 lakh crore to shore up state-owned banks in the last five years.

Coronavirus Lockdown: India faces worst recession in current fiscal; economy to shrink by 5%, says CRISIL
Business

Coronavirus Lockdown: India faces worst recession in current fiscal; economy to shrink by 5%, says CRISIL

India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, CRISIL said on Tuesday as it predicted the economy to shrink by 5 percent in the current fiscal because of coronavirus lockdown

Indian economy to contract in FY21; lockdown compounds economic challenges, says Moody's
Business

Indian economy to contract in FY21; lockdown compounds economic challenges, says Moody's

Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity

Coronavirus Lockdown: Indian economy to contract 5% in FY21, worst-ever performance by country, says Goldman Sachs
Business

Coronavirus Lockdown: Indian economy to contract 5% in FY21, worst-ever performance by country, says Goldman Sachs

American brokerage Goldman Sachs expects the Indian economy to contract by 5 percent in FY21, making it the worst performance by the country ever

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis
Business

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis

The auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percent last fiscal year to 21.5 million vehicles due to an economic slowdown.

COVID-19 impact: Informal economy workers excluded from most govt measures, be it cash transfers or tax benefits
Business

COVID-19 impact: Informal economy workers excluded from most govt measures, be it cash transfers or tax benefits

Like demonetisation, the current lockdown has exposed millions of workers and their families to starvation, hunger, death and very bleak future prospects.

Adani Gas Q4 profit up 61% at Rs 122 cr; pandemic impacts current demand for CNG, PNG from industrial segment
Business

Adani Gas Q4 profit up 61% at Rs 122 cr; pandemic impacts current demand for CNG, PNG from industrial segment

Adani Gas said it will ensure that during this period of crisis, the supply of PNG and CNG is maintained without any interruption.

Moody's pegs FY21 GDP expansion at 0%; says India's rating outlook reflects rising risk of slower growth, low policy effectiveness
Business

Moody's pegs FY21 GDP expansion at 0%; says India's rating outlook reflects rising risk of slower growth, low policy effectiveness

Moody's had, in November 2019, downgraded India's outlook to negative from stable on concerns of lower economic growth.

Adani Power reports Rs 1,312 cr loss during Q4, total income declines; FY20 net loss widens to Rs 2,275 cr
Business

Adani Power reports Rs 1,312 cr loss during Q4, total income declines; FY20 net loss widens to Rs 2,275 cr

Adani Power had posted a consolidated net profit of Rs 634.64 crore in the year-ago quarter, Adani Power said in a BSE filing.

Quarterly earnings, coronavirus case trends, Fed rate decision to drive equities: Analysts
Sports

Quarterly earnings, coronavirus case trends, Fed rate decision to drive equities: Analysts

The US Fed's two-day meeting begins on 28 April and interest rate decision will be announced on 29 April 2020.

Coronavirus Outbreak: Fitch Solution cuts India's FY21 GDP growth forecast to 1.8%; says pvt consumption to contract
Business

Coronavirus Outbreak: Fitch Solution cuts India's FY21 GDP growth forecast to 1.8%; says pvt consumption to contract

Fitch Solutions on Monday cut India's economic growth forecast for the financial year 2020-21 to 1.8 percent saying private consumption is likely to contract due to large-scale loss of income in the face of worsening domestic outbreak of COVID-19

Coronavirus Outbreak: Asia to see zero percent growth in 2020, worst performance in 60 years, says IMF
Business

Coronavirus Outbreak: Asia to see zero percent growth in 2020, worst performance in 60 years, says IMF

Asia is expected to witness zero percent growth in 2020 due to COVID-19 pandemic, its worst growth performance in almost 60 years, but still the world's largest and most populous continent is likely to fare better than other regions in terms of activity, the International Monetary Fund (IMF) has said

Lockdown: Realtors hail govt move to allow construction with limited labour force, say raw materials availability an issue
Business

Lockdown: Realtors hail govt move to allow construction with limited labour force, say raw materials availability an issue

The real estate industry on Wednesday said the government''s decision to allow construction on those projects where labourers are already available on sites will solve the problem of migrant daily wage workers but said availability of raw materials may be an issue

Coronavirus Outbreak: Analysts flag economic growth concerns post-lockdown extension
Business

Coronavirus Outbreak: Analysts flag economic growth concerns post-lockdown extension

The 19-day extension of the lockdown on Tuesday by Prime Minister Narendra Modi led analysts to flag concerns over its economic impact, with some estimating a GDP contraction of 1 percent in FY21 as well