Reforms

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

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.

No restrictions on utilisation of additional borrowing by states, says official; to get extra resources of Rs 4.28 lakh cr

Finance Minister Nirmala Sitharaman had said that an increase in borrowing limits will be subject to states taking citizen centric reforms, which are aimed at improving quality of service delivery to the public.

RBI Governor Shaktikanta Das says govt must continue reforms; green shoots of recovery need to sustain

Reserve Bank Governor Shaktikanta Das on Monday said that on the back of countercyclical measures undertaken by the government, structural reforms need to be continued to revive demand and support the economy

Foreign investors turn net buyers; put in $6.3-bn in Indian stock markets in December quarter

Foreign investors turned net buyers in the Indian markets in the December quarter, pumping in a staggering $6.3 billion on the back of the government's intent to bring reforms for supporting the economic growth

Economic Survey 2020 tries to settle debate over veracity of macroeconomic data; says concerns on GDP growth estimates unfounded

India's GDP growth is neither overestimated nor underestimated and the concerns on data are "unfounded", the Economic Survey 2019-20 said on Friday as it tried to settle the debate over veracity of the macroeconomic data following change in estimation methodology

Economic Survey 2019-20 highlights: GDP growth to rebound in FY21, share of formal employment rises; 2.62 cr new jobs created

India's economic growth is expected to "strongly rebound" to 6-6.5 percent in 2020-21 from 5 percent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms

Economic Survey 2020: India needs to spend $1.4 trillion on infrastructure during FY2020-2025 to reach $5 trillion economy

To spur economic growth and achieve $5 trillion economy, India needs to spend about $1.4 trillion on the infrastructure sector during FY2020-2025, the Economic Survey tabled in Parliament said on Friday

Ahead of budget, RBI Governor Shaktikanta Das underlines need for more structural reforms to revive growth

With just a week left for the budget, Reserve Bank Governor Shaktikanta Das on Friday called for structural reforms and more fiscal measures to revive consumption demand and the overall growth, saying the monetary policy has its own limitations to achieve these objectives

India should focus on structural reforms, clean-up of banks and labour reforms: IMF Chief Economist Gita Gopinath

With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and labour reforms to address the slowdown in domestic demand