Economy News
Prabhjote Gill
India’s GDP has contracted five times since 1947, but never as bad as 7.3%
India’s GDP has contracted by 7.3% over the past one year as per provisional estimates released by the National Statistical Office (NSO) on May ...
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 per cent from an earlier estimate of (-) 11.5 per cent.
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-September period, according to a report by the Reserve Bank of India (RBI).
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 disruptive debt crises in countries.
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 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 softens marginally to 6.69% in August
Retail inflation softened slightly to 6.69 per cent in August, even as food prices continued to rule high, official data showed on Monday.
Food, fuel and manufactured goods got more expensive in August as compared to July
High food, fuel and manufactured goods' prices accelerated India's August wholesale inflation, official data showed on Monda...
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 the next financial year, Fitch Ratings said on Tuesday.
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 current financial year.
Government consumption will continue to 'pandemic-proof' India's demand says RBI
Government consumption is expected to continue "pandemic-proofing" of demand, the Reserve Bank said on Tuesday. In its Annua...
BI India Bureau
These are the 20 countries with the highest gold reserves
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...
Katya Naidu
The best Adani stock this year is also the most green one
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...
Sriram Iyer
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 it had aimed for at the end of March 2019.
Sriram Iyer
Upgrade post demonetisation, downgrade post tax cuts— Moody's mood swings expose the economist’s inertia
Moody's upgraded India in November 2017, a year after demonetisation, but economic growth has hit a six-year low since then....
Rupee opens 5 paise higher at 71.38 vs USD in early trade
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...
