Economic Growth

Showing of 21 - 40 from 616 results
Economic Growth - Total results - 616
Need to convert COVID-19 into opportunity; restart highways construction on war footing: Nitin Gadkari
Business

Need to convert COVID-19 into opportunity; restart highways construction on war footing: Nitin Gadkari

In a video-conference, Gadkari, the road transport, highways and MSME minister said talks are on with state governments for facilitating the safe return of migrant labourers, an estimated 20 lakh of whom are in shelters pan-India.

Coronavirus Outbreak: Bank credit growth slumps to 5-decade low of 6.14% in FY20; weak economy leads to demand slowdown
Business

Coronavirus Outbreak: Bank credit growth slumps to 5-decade low of 6.14% in FY20; weak economy leads to demand slowdown

RBI had said credit growth is likely to remain modest, reflecting weak demand and risk aversion due to the disruptions caused by the coronavirus pandemic.

Coronavirus Outbreak: IMF anticipates sharpest negative economic growth fallout since Great Depression
Business

Coronavirus Outbreak: IMF anticipates sharpest negative economic growth fallout since Great Depression

The year 2020 could see the worst global economic fallout since the Great Depression in the 1930s with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF Managing Director Kristalina Georgieva said on Thursday

Coronavirus outbreak has 'drastically altered' India's growth outlook, says RBI in Monetary Policy Report
Business

Coronavirus outbreak has 'drastically altered' India's growth outlook, says RBI in Monetary Policy Report

The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth

India's GDP for FY21 projected at 4.8%, coronavirus outbreak to have adverse economic impact globally:  UN report
Business

India's GDP for FY21 projected at 4.8%, coronavirus outbreak to have adverse economic impact globally: UN report

India's GDP growth for the current fiscal is expected to slow down to 4.8 percent, a UN report has said, warning that the COVID-19 pandemic is expected to result in significant adverse economic impacts globally

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans
Business

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans

The government may need to make a provision of at least Rs 20,000-25,000 crore ($5.90 billion) for capital infusion in state-run banks

Coronavirus Outbreak: Fitch slashes India's GDP growth forecast to 30-year low of 2% for FY21
Business

Coronavirus Outbreak: Fitch slashes India's GDP growth forecast to 30-year low of 2% for FY21

Fitch Ratings on Friday said it has slashed India''s growth forecast for the current fiscal to a 30-year low of 2 percent, from 5.1 percent projected earlier, as economic recession gripped global economy following the lockdown due to COVID-19 pandemic

Coronavirus Outbreak: ADB expects India's economic growth to slow down to 4% in FY21
Business

Coronavirus Outbreak: ADB expects India's economic growth to slow down to 4% in FY21

India's economic growth is likely to slow down to 4 percent this fiscal on the back of the current global health emergency, Asian Development Bank said in its outlook for the financial year 2020-21 on Friday

Coronavirus Outbreak: India's economic growth likely to decline by 200 bps in FY21, says Yashwant Sinha
Business

Coronavirus Outbreak: India's economic growth likely to decline by 200 bps in FY21, says Yashwant Sinha

India's economic growth is likely to decline by 2 percentage points in the next financial year due to the impact of coronavirus pandemic and the consequent 21-day countrywide lockdown, former finance minister Yashwant Sinha said on Friday

RBI cuts repo rate by 75 bps to 4.4%; other key highlights of central bank's monetary policy review
Business

RBI cuts repo rate by 75 bps to 4.4%; other key highlights of central bank's monetary policy review

The RBI on Friday allowed banks to put on hold EMI payments on all term loans for three months as it slashed the cost of fresh borrowing by cutting policy interest rate by steepest in more than 11 years, joining the efforts of the government to counter the economic fallout of the fast-spreading coronavirus pandemic

Coronavirus Outbreak: RBI cuts repo rate by 75 bps; full text of Shaktikanta Das monetary policy statement
Business

Coronavirus Outbreak: RBI cuts repo rate by 75 bps; full text of Shaktikanta Das monetary policy statement

The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind

Coronavirus Outbreak: RBI cuts repo rate by 75 bps to 4.40%; full text of seventh bi-monthly policy statement
Business

Coronavirus Outbreak: RBI cuts repo rate by 75 bps to 4.40%; full text of seventh bi-monthly policy statement

All members voted for a reduction in the policy repo rate and maintaining the accommodative stance as long as it is necessary to revive growth and mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target

India's GDP growth in next two quarters won't be over 3%: Former chief statistician Pronab Sen
Business

India's GDP growth in next two quarters won't be over 3%: Former chief statistician Pronab Sen

Former chief statistician Pronab Sen on Thursday said the country's growth in the next two quarters will not be more than 3 percent due to the lockdown across the country

Coronavirus Outbreak: Former RBI Governor Bimal Jalan pitches for fiscal stimulus
Business

Coronavirus Outbreak: Former RBI Governor Bimal Jalan pitches for fiscal stimulus

Former RBI governor Bimal Jalan has pitched for fiscal stimulus to mitigate the impact of coronavirus outbreak which, he said, could lower India's growth by an estimated 1 percentage point, and affect jobs

Coronavirus pandemic: UBS cuts India's FY21 real GDP growth forecast to 4% from 5.1% estimated earlier
Business

Coronavirus pandemic: UBS cuts India's FY21 real GDP growth forecast to 4% from 5.1% estimated earlier

The coronavirus pandemic and the resulting lockdowns on Monday led a foreign brokerage to sharply cut India's growth forecast for the next financial year starting 1 April, to 4 percent from the 5.1 percent estimated earlier

Coronavirus impact: S&P cuts India's GDP growth forecast for FY21 to 5.2% from earlier estimate of 6.5%
Business

Coronavirus impact: S&P cuts India's GDP growth forecast for FY21 to 5.2% from earlier estimate of 6.5%

S&P Global Ratings on Monday cut its estimate for India's GDP growth in the fiscal starting April 1 to 5.2 percent from its earlier estimate of 6.5 percent, as it saw the outbreak of coronavirus costing economies around the globe

Coronavirus pandemic: S&P lowers India's growth forecast to 5.2% in 2020, says global economy entering recession
Business

Coronavirus pandemic: S&P lowers India's growth forecast to 5.2% in 2020, says global economy entering recession

S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 percent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic

Corporate India fears coronavirus will pull down GDP by 50 bps in FY2020-21; to push fiscal deficit, create more bad loans
Business

Corporate India fears coronavirus will pull down GDP by 50 bps in FY2020-21; to push fiscal deficit, create more bad loans

Corporate India is expecting a 0.5 percent hit on economic growth in FY2020-21 if the coronavirus pandemic lasts longer, pushing up fiscal deficit and creating more bad loans for the bank, says an industry survey

India's current account deficit narrows to $1.4 billion in December quarter as net services receipts rise
Business

India's current account deficit narrows to $1.4 billion in December quarter as net services receipts rise

The sharp contraction was primarily due to a lower trade deficit at $34.6 billion, and a rise in net services receipts, the central bank said.