The National Statistical Office, the official agency of the government, on 31 August, had said the real GDP growth for the first quarter of 2021-22 was at 20.1 percent.
In value terms, the GDP stood at Rs 32,38,020 crore in April-June 2021-22, lower than Rs 35,66,708 crore in the corresponding period of the 2019-20 financial year
The GDP had expanded by 3 percent in the January-March quarter of 2019-20, while the Indian economy had expanded by 4 percent that year
While Nomura has downgraded projections of economic growth for the fiscal year ending March 2022 to 12.6 percent from 13.5 percent earlier, JP Morgan now projects GDP growth at 11 percent from 13 percent earlier
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
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
Researchers have used the 'nowcasting' method to arrive at the estimates ahead of the official release of data and their views in an article in RBI's monthly bulletin released on Wednesday do not constitute the central bank's views
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.
The spread of COVID-19 and containment measures have severely disrupted supply and demand conditions in India, the World Bank said in its latest South Asia Economic Focus report
'GDP a reflection of ravages of COVID-19': RBI Guv Shaktikanta Das says economic recovery likely to be gradual
The RBI governor said the Indian central bank stands battle-ready to take whatever steps that are needed to be taken for the economy
The senior Congress leader sought transferring cash to the poorest 50 percent of families and paying arrears of GST compensation to states
Coronavirus updates: As many as 5,84,537 persons have recovered from the viral infection till date and the state now has 1,98,523 active cases, said a health bulletin
'Ruining' of economy began with demonetisation, says Rahul Gandhi as India's GDP slumps to 23.9% in Q1
The GDP contraction is the sharpest contraction since quarterly figures started being published in 1996 and worse than what was expected by most analysts
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
Finance Ministry credits govt, RBI for ‘green shoots of economic revival’ as agriculture, petroleum, electricity indicators pick up
The Finance Ministry cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage
India’s economy likely to shrink by 3.2% in current fiscal, but expected to bounce back in 2021, says World Bank
India's economy will shrink by 3.2 percent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown
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.
Coronavirus Outbreak Updates: Mumbai reports 1,382 new COVID-19 cases; confirmed infections rise to 25,317
Coronavirus Outbreak LIVE Updates: The MHA on Thursday said that state governments should 'ensure night curfew or prohibition of all non-essential activities between 7 pm and 7 am'.
Proper delineation of containment zones, social distancing mandatory post lockdown; enforce night curfew strictly, MHA tells states
MHA said the night curfew has been imposed to ensure that people observe social distance.
Coronavirus Outbreak: IAS officers deputed to 3 Mumbai civic hospitals for effective management of COVID-19 treatment
As coronavirus cases continue to rise unabated in Mumbai, the Maharashtra government on Thursday deputed three IAS officers to three major civic-run hospitals in the city for effective management of the outbreak