Economy

India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank of India (RBI).

He told reporters that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries.

The gap between government's total income and expenditure is expected to balloon to Rs 14.6 lakh crore or 7.6 per cent of GDP in FY21 as economic disruptions are set for a long haul due to Covid-19 pandemic, brokerages analysing the deficit numbers said.

Retail inflation softened slightly to 6.69 per cent in August, even as food prices continued to rule high, official data showed on Monday.

High food, fuel and manufactured goods' prices accelerated India's August wholesale inflation, official data showed on Monda...

India's economy is expected to contract 10.5 per cent in the current fiscal before bouncing back in the next financial year, Fitch Ratings said on Tuesday.

Fitch Ratings on Tuesday projected a massive 10.5 per cent contraction of India's economy in the current financial year.

Government consumption is expected to continue "pandemic-proofing" of demand, the Reserve Bank said on Tuesday. In its Annua...

The Reserve Bank of India is reportedly looking to increase the gold reserves of the country to 10%, according to a media report. India has gold rese...

The economic health of a country is determined by the GDP (Gross Domestic Product) which refers to the total market value of all the goods and servic...

Jharkhand Government's ambitious project worth ₹2,500 crore, Konar Dam, collapsed within 14 hours of inaugura...

The solar and wind power generator has a portfolio of 5,290 megawatts and half of it is operational. In the last three quarters, the company achieved...

India's fiscal deficit at the end of October was ₹​7.20 lakh crore — that's a little more than what it had aimed for at the end of March 2019.

Before accounting for inflation, the slowdown in the pace of India’s economic growth would seem nearly seven times worse than it does right now The c...

Moody's upgraded India in November 2017, a year after demonetisation, but economic growth has hit a six-year low since then....

The Indian rupee opened 5 paise higher at 71.38 against the US dollar in early trade on Thursday tracking positive opening in domestic equities and f...

Mark Thompson/Getty Images Firms that manage money for the ultra-wealthy are worried. UBS released its global family office ...

Scott Olson/Getty Images Trump campaigned to support farmers in 2016 but his tariffs have cut rancher incomes...

Firms have an option to pay income tax at 22% if they give up exemptions or incentives. The effective tax rate will come dow...

The slowdown in FMCG sector started in 2016, however was camouflaged by trade disruptions, demonetisation and GST implementa...

Mike Segar/Reuters The American economy looks to be at a turning point, as data from a variety of sources seems to point tow...

AP Oil stocks are surging on Monday after strikes on Saudi oil fields damaged roughly half of the Kingdom's o...