Gdp

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At $0.6 bn, India records current account surplus in fourth quarter of FY20 for first time in 13 years, says RBI
India

At $0.6 bn, India records current account surplus in fourth quarter of FY20 for first time in 13 years, says RBI

The RBI data also showed the current account deficit for the October-December quarter of fiscal 2019-20 was revised to $2.6 billion or 0.4 percent of GDP from $1.4 billion earlier.

Economy Under Lockdown | Aerospace and Defence | Insider Take By Rohit Beri, Director, Aerospace & Defence Practice, Frost & Sullivan
India

Economy Under Lockdown | Aerospace and Defence | Insider Take By Rohit Beri, Director, Aerospace & Defence Practice, Frost & Sullivan

Rohit Beri, Director, Aerospace & Defence Practice, Frost & Sullivan, takes us through the focus points of the economic impact in the defence sector.

Indian economy to contract by 4.5% in 2020 due to longer lockdown, slow recovery, says IMF
Business

Indian economy to contract by 4.5% in 2020 due to longer lockdown, slow recovery, says IMF

The IMF on Wednesday projected a sharp contraction of 4.5 percent for the Indian economy in 2020, a 'historic low', citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities

COVID-19 outbreak refocuses need to shift public health from State to Concurrent List; move won't harm decentralisation but enhance Centre, state coordination
India

COVID-19 outbreak refocuses need to shift public health from State to Concurrent List; move won't harm decentralisation but enhance Centre, state coordination

COVID-19 has shown us how the current constitutional framework impedes cooperative federalism on the subject of public health.

With 'draconian but porous' lockdown, India flattened GDP curve instead of COVID-19: Rajiv Bajaj tells Rahul Gandhi
India

With 'draconian but porous' lockdown, India flattened GDP curve instead of COVID-19: Rajiv Bajaj tells Rahul Gandhi

India implemented a 'draconian' lockdown that was porous and has ended up decimating its economy and flattening the GDP curve instead of that of the novel coronavirus infections, industrialist Rajiv Bajaj said on Thursday.

Rahul Gandhi voices concern over state of India's economy; says Moody's has rated Narendra Modi's handling of India's economy a step above 'junk
Business

Rahul Gandhi voices concern over state of India's economy; says Moody's has rated Narendra Modi's handling of India's economy a step above 'junk

Moody's Investors Service has downgraded India's sovereign credit rating for the first time in more than two decades,

Expanding G7: India should see Donald Trump's suggestion as an opportunity, not a geopolitical curveball that might upset China
World

Expanding G7: India should see Donald Trump's suggestion as an opportunity, not a geopolitical curveball that might upset China

The India-US security cooperation and strategic collaboration are all set to tighten, and we may see a more explicit reflection of this geopolitical reality driven by the hostile behaviour of an expansionist and revisionist power in China.

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak
Business

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak

The global rating agency Moody's Investors Service on Monday downgraded India's rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2

India's manufacturing output falls further in May, rate of job cuts accelerates: PMI survey
Business

India's manufacturing output falls further in May, rate of job cuts accelerates: PMI survey

The country's manufacturing sector activity recorded another sharp deterioration in business conditions during May as new orders placed with producers continued to fall after April's record contraction, leading firms to cut jobs at the quickest pace on record, a monthly survey said on Monday

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

Coronavirus Lockdown: GDP data set to show economy grew at its slowest pace in 2 years in March quarter, says report
Business

Coronavirus Lockdown: GDP data set to show economy grew at its slowest pace in 2 years in March quarter, says report

Unlike some advanced economies, India’s stimulus package has largely focussed on subsidised credit to small businesses and farmers, while direct fiscal stimulus was limited to around 1 percent of the GDP, economists said.

US economy shrinks at 5% annual rate in Jan-Mar quarter; economists expect far worse GDP outcome in Q2
Business

US economy shrinks at 5% annual rate in Jan-Mar quarter; economists expect far worse GDP outcome in Q2

The US economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter

Govt measures to deal with coronavirus impact 'very positive', says former RBI governor Bimal Jalan
Business

Govt measures to deal with coronavirus impact 'very positive', says former RBI governor Bimal Jalan

Former Reserve Bank Governor Bimal Jalan on Thursday described the initiatives taken by the government to mitigate the impact of COVID-19 as "very positive" and hoped that these would help in containing the decline in growth

COVID-19 Lockdown Impact: Fitch Ratings says Indian economy to contract 5% in FY21; forecasts global GDP to fall by 4.6% in 2020
Business

COVID-19 Lockdown Impact: Fitch Ratings says Indian economy to contract 5% in FY21; forecasts global GDP to fall by 4.6% in 2020

Fitch Ratings on Tuesday forecast the Indian economy to contract 5 percent in the current fiscal on account of the slump in economic activities following a "very severe" lockdown that has lasted much longer than expected

COVID-19 Impact: India facing worst recession since Independence; economy to shrink by 5% in current fiscal, says CRISIL
Business

COVID-19 Impact: India facing worst recession since Independence; economy to shrink by 5% in current fiscal, says CRISIL

In the past 69 years, India has seen a recession only thrice - as per available data - in fiscals 1958, 1966 and 1980. The reason was the same each time - a monsoon shock that hit agriculture, then a sizeable part of the economy.

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

Earnings of Sensex companies to decline up to 8% this year on economic concerns; fiscal stimulus may help recovery: Analyst
Business

Earnings of Sensex companies to decline up to 8% this year on economic concerns; fiscal stimulus may help recovery: Analyst

At present, Indian indices are under-performing as compared to others and a package from the government can help cover the ground, he said.

GDP growth seen at 1.2% for Q4 FY20; economic activity came to standstill due to nationwide lockdown: SBI report
Business

GDP growth seen at 1.2% for Q4 FY20; economic activity came to standstill due to nationwide lockdown: SBI report

The country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown to contain the spread of COVID-19, a report said

Japan to end Tokyo's state of emergency, eyes fresh $930 bn stimulus; eyes to expand economic activities in stages
Business

Japan to end Tokyo's state of emergency, eyes fresh $930 bn stimulus; eyes to expand economic activities in stages

To support an economy on track for its deepest slump in postwar history, the government is considering fresh stimulus worth 100 trillion yen ($930 billion), mostly comprising financial aid for companies, the Nikkei newspaper said.

Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494
India

Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494

Coronavirus Outbreak LIVE Updates: Two police stations have been sealed partially after a head constable was tested positive for COVID-19. According to police, the infected head constable was overseeing the arrangements to quarantine people who came from Mumbai.