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
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
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
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
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
American brokerage Goldman Sachs expects the Indian economy to contract by 5 percent in FY21, making it the worst performance by the country ever
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
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
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
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
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.
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
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
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
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
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
The IMF on Tuesday projected a GDP growth of 1.9 percent for India in 2020, as the global economy hits the worst recession since the Great Depression in the 1930s due to the raging coronavirus pandemic that has nearly stalled all economic activities across the world
India's GDP to contract by 6.1% in April-June quarter; RBI may cut repo rate by 75 bps in 2020 to push growth: Nomura
The Indian economy will contract by 6.1 percent in the April-June quarter and is likely to expand only in the December quarter, a Japanese brokerage said on Monday, expecting another 0.75 percent cut in rates by the RBI to push growth in 2020
Coronavirus Outbreak: World's biggest lockdown likely to cost Rs 7-8 lakh cr to Indian economy, say analysts
Prime Minister Modi is likely to detail the post-lockdown scenario in an address to the nation on Tuesday morning.
Coronavirus Outbreak: RBI to use any means necessary to revive growth, preserve financial stability, says Shaktikanta Das
All-out efforts are needed to mitigate the adverse impact of the Covid-19 pandemic, and the RBI will use any instrument necessary to revive growth and preserve financial stability, according to the minutes of the central bank's policy meeting