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Moody's revises India's FY21 GDP contraction to -10.6% after government announces new stimulus measures

Moody's Investor Service on Thursday revised the contraction rate of India's FY21 GDP to (-) 10.6 p…

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RBI reports India has entered a technical recession for the very first time

India has technically entered into a recession with a likely contraction in its GDP during the July…

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4 mins read

World Bank President says COVID-19 pandemic is causing the one of the deepest recessions since Great Depression

He told reporters that given the extent of the economic contraction, there was a rising risk of dis…

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2 mins read

India’s fiscal deficit could hit $200 billion by the end of the financial year

The gap between government's total income and expenditure is expected to balloon to Rs 14.6 lakh cr…

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Retail inflation softens marginally to 6.69% in August

Retail inflation softened slightly to 6.69 per cent in August, even as food prices continued to rul…

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Food, fuel and manufactured goods got more expensive in August as compared to July

On sequential level, India's annual rate of inflation based on wholesale prices rose to 0.16 per…

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3 mins read

Four ratings agencies see double-digit contraction in India's GDP for the whole year

India's economy is expected to contract 10.5 per cent in the current fiscal before bouncing back in…

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India's GDP will plummet by 10.5% this fiscal year forecasts Fitch Ratings

Fitch Ratings on Tuesday projected a massive 10.5 per cent contraction of India's economy in the cu…

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3 mins read

Government consumption will continue to 'pandemic-proof' India's demand says RBI

In its Annual Report 2019-20, the Reserve Bank of India said that when the demands gets stabilis…

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5 mins read

These are the 20 countries with the highest gold reserves

Gold has traditionally been considered as the ‘safe haven’. And with this current uncertainty and e…

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The best Adani stock this year is also the most green one

Adani Green Energy has not just beaten slowdown blues, but also became one of the best perform…

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India has overshot its deficit target halfway into the year

India's fiscal deficit at the end of October was ₹​7.20 lakh crore — that's a little more than what…

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2 mins read

Upgrade post demonetisation, downgrade post tax cuts⁠— Moody's mood swings expose the economist’s inertia

Exactly one year after demonetisation, global credit rating agency Moody’s upgraded India with a ri…

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Rupee opens 5 paise higher at 71.38 vs USD in early trade

Forex traders said rupee was trading in a narrow range as market participants remained cautious …