Gdp

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Retail inflation jumps to 5.52% in March; factory output contracts 3.6% in February
Business

Retail inflation jumps to 5.52% in March; factory output contracts 3.6% in February

The manufacturing sector — which constitutes 77.63 percent of the IIP — declined by 3.7 percent in February 2021, as per NSO data

India's debt ratio to GDP increases from 74% to 90% during COVID-19: IMF
India

India's debt ratio to GDP increases from 74% to 90% during COVID-19: IMF

Vitor Gaspar, Director of IMF's Fiscal Affairs Department, said that widening deficits and contraction in economic activity, debt worldwide increased sharply to 97% of GDP in 2020

Indian economy exits technical recession as GDP grows at 0.4% in Oct-Dec quarter
Business

Indian economy exits technical recession as GDP grows at 0.4% in Oct-Dec quarter

However, the annual GDP estimate for the fiscal year ending 31 March has been revised to an 8 percent contraction, deeper than an earlier estimate of (-) 7.7 percent

Market roundup: Sensex falls to 49,099.99, Nifty settles at 14,529.15 amid sell-off before release of Dec GDP data
Business

Market roundup: Sensex falls to 49,099.99, Nifty settles at 14,529.15 amid sell-off before release of Dec GDP data

All the shares in the BSE Sensex closed in red on Friday with ONGC being the top loser, shedding 6.6 percent, followed by Mahindra & Mahindra, Bajaj Finserv, and Axis Bank

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

GDP to be in growth territory in Oct-Dec, signifies exit from COVID-induced recession, says ICRA report
Business

GDP to be in growth territory in Oct-Dec, signifies exit from COVID-induced recession, says ICRA report

Private consumption and government spending will help the economy post a turnaround during the December quarter and the GDP will grow 0.7 percent, the ratings agency said

Union Budget 2021: Centre should focus on growth, not arresting fiscal deficit, says report
Business

Union Budget 2021: Centre should focus on growth, not arresting fiscal deficit, says report

The government adopted a loose fiscal policy due to the coronavirus pandemic and announced a number of policy measures under Atmanirbhar Bharat to support the economy

IMF projects impressive 11.5% growth rate for India in 2021, says economic activities revitalised 'quite significantly'
India

IMF projects impressive 11.5% growth rate for India in 2021, says economic activities revitalised 'quite significantly'

This makes India the only major world economy projected to register double-digit growth in 2021. As per the IMF, the next closest nations are China (8.1 percent), Spain (5.9 percent) and France (5.5 percent)

Union Budget 2021: Govt must redirect focus on resolving demand-side issue for economic recovery
India

Union Budget 2021: Govt must redirect focus on resolving demand-side issue for economic recovery

Sunil Kumar Sinha of India Ratings warned that even if the supply-side bottlenecks get restored on account of various RBI measures it may soon run into difficulties due to the lack of adequate demand

Union Budget 2021: US business advocacy group urges Nirmala Sitharaman to lower tariff to compete with RCEP
World

Union Budget 2021: US business advocacy group urges Nirmala Sitharaman to lower tariff to compete with RCEP

India had walked out of the RCEP, a 14-member group led by China, as negotiations failed to address New Delhi's outstanding issues and concerns

Economy seeing 'V-shaped' recovery, global uncertainty not mirrored in India: Finance ministry report
India

Economy seeing 'V-shaped' recovery, global uncertainty not mirrored in India: Finance ministry report

Report added that GDP recorded a quarter-on-quarter growth of 23% in July-September quarter, and that the highest contribution was from agriculture, followed by construction and manufacturing

Hope gross domestic product will be positive in next quarter, says home minister Amit Shah
India

Hope gross domestic product will be positive in next quarter, says home minister Amit Shah

India's gross domestic product (GDP) had contracted by a record 23.9 percent in the first quarter (April-June) of the 2020-21 fiscal as the coronavirus lockdown pummelled economic activity

RBI chief Shaktikanta Das says economic recovery 'stronger than expected', but warns of downside risk due to recent COVID-19 surge
India

RBI chief Shaktikanta Das says economic recovery 'stronger than expected', but warns of downside risk due to recent COVID-19 surge

The central bank which has introduced many unconventional measures to aid recovery apart from cutting key rates by 1.15 percent, expects the Indian economy to shrink by 9.5 percent in FY21

Pvt hospitals charged high fees, sustainable pricing could've averted many COVID-19 deaths, finds parliamentary panel
India

Pvt hospitals charged high fees, sustainable pricing could've averted many COVID-19 deaths, finds parliamentary panel

Underlining that healthcare spending in the country is 'abysmally low', the panel said the fragility of the Indian health ecosystem posed a big hurdle in generating an effective response against COVID-19 pandemic

India at forefront of battle against coronavirus, Narendra Modi says at SCO summit
India

India at forefront of battle against coronavirus, Narendra Modi says at SCO summit

Modi said that the Indian pharmaceutical industry sent essential medicine to over 150 nations 'in this difficult and unprecedented time.

India's GDP 11 times more than Bangladesh in purchasing power parity terms, say govt sources
Business

India's GDP 11 times more than Bangladesh in purchasing power parity terms, say govt sources

The government sources said this in the backdrop of IMF's growth projections showing Bangladesh closing in on India in terms of per capita GDP this year.

'Solid achievement of BJP's hate-filled cultural nationalism': Rahul Gandhi slams Centre over IMF data
Politics

'Solid achievement of BJP's hate-filled cultural nationalism': Rahul Gandhi slams Centre over IMF data

Rahul shared a graph which showed Bangladesh closing in on India and almost catching up with it in terms of per capita GDP this year

Centre will give govt employees cash vouchers instead of LTC to stimulate economy, says Nirmala Sitharaman
Business

Centre will give govt employees cash vouchers instead of LTC to stimulate economy, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman also announced additional capital spending and Rs 12,000 crore, 50-year interest-free loan to states.

Aatma Nirbhar Bharat: Despite hike in borrowal limit to 5% of GSDP, response remains lukewarm; clauses for additional funding may deter states
India

Aatma Nirbhar Bharat: Despite hike in borrowal limit to 5% of GSDP, response remains lukewarm; clauses for additional funding may deter states

Of this permitted additional borrowing of 2 percent of GSDP, 0.5 percent is unconditional while the rest depends on the implementation of certain reforms.