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Budget to offer more fiscal support to economy amid uncertainty from third wave
While the fiscal deficit could be revised upwards modestly to 7.1 per cent from 6.8 per cent budgeted for in FY22, stronger nominal GDP growth will keep government on the deficit glide path announced in the current budget, Rahul Bajoria, managing director and chief economist at Barclays India, said.
Published on Jan 14, 2022 09:29 PM IST
PTI | , New Delhi
State of the economy, beyond the latest GDP numbers
India’s gross domestic product witnessed a growth of 8.4% in the quarter ended September, according to data released by the National Statistical Office on November 30.
Updated on Dec 01, 2021 06:23 AM IST
India's GDP grows 8.4% in Q2 2021-22, compared to 7.4% contraction a year ago
According to the figures issued by the Union ministry of statistics and programme implementation, the gross domestic product (GDP) at constant prices in Q2 2021-22 is estimated at ₹35.73 lakh crore, as against ₹32.97 lakh crore in Q2 2020-21
Published on Nov 30, 2021 06:41 PM IST
Written by Joydeep Bose | Edited by Avik Roy, Hindustan Times, New Delhi
India's Q4 GDP growth at 1.6%, contracts 7.3% in FY21: Govt data
India's economy, which was hit by the coronavirus pandemic and the nationwide lockdown imposed to curb the spread of infections last year, contracted during the first half of FY21.
Published on May 31, 2021 05:53 PM IST
hindustantimes.com | Written by Meenakshi Ray, New Delhi
China's economy picks up speed in Q4, ends 2020 in solid shape after Covid shock
The world's second-largest economy has surprised many with the speed of its recovery from the coronavirus jolt.
Published on Jan 18, 2021 10:12 AM IST
Reuters | , Beijing
Indian economy to rebound with 8.9% growth in FY22: Report
The National Statistical Organisation (NSO) on Thursday predicted that the economy will contract 7.7 per cent in the current financial year ending in March, the worst performance in four decades.
Published on Jan 08, 2021 06:25 PM IST
New Delhi | Press Trust of India | Posted by Shankhyaneel Sarkar
GDP projected to shrink 7.7% this fiscal: Advanced estimate
Nominal GDP, which is the base for revenue projections in the budget, is expected to contract by 4.2%. 2020-21 The Union Budget had projected nominal GDP growth of 10%.
Updated on Jan 08, 2021 12:38 AM IST
Hindustan Times, New Delhi | Roshan Kishore and Rajeev Jayaswal, New Delhi
Budget to set course for economic pick up after Covid carnage
An appropriate understanding based on reliable data is critical to ensure effective policy intervention, it said, adding a low base in current fiscal will make even a moderate improvement in the first couple of quarters of next financial year as decent year-on-year growth.
Published on Jan 01, 2021 07:45 PM IST
New Delhi | Press Trust of India| Posted by Susmita Pakrasi
India to become 5th largest economy in 2025, 3rd largest by 2030
India had overtaken the UK in 2019 to become the fifth largest economy in the world but has been relegated to 6th spot in 2020.
Updated on Dec 26, 2020 01:23 PM IST
New Delhi | Press Trust of India | Posted by Deepali Sharma
RBI bulletin: Q3 growth to turn positive, says article
Impacted by the coronavirus pandemic, the Indian economy dipped by a historic 23.9% in the first quarter of the current financial year. The contraction narrowed down to 7.5% in the second quarter.
Published on Dec 25, 2020 03:41 AM IST
Mumbai | Press Trust of India
Economy bottoming out; rebound not broad-based
The Indian economy was losing growth momentum even before the pandemic inflicted a huge disruption to economic activity. GDP growth was 8.2% in March 2018.
Updated on Dec 05, 2020 03:05 AM IST
Hindustan Times, New Delhi | Roshan Kishore
Conditions will improve for Indian corporates next year as economic activity gathers pace: Moody’s
It said the low interest rate environment and widespread credit availability will allow corporates with strong balance sheets to refinance and grow.
Published on Dec 02, 2020 05:23 PM IST
New Delhi | Press Trust of India | Posted by Deepali Sharma
Economy shrinks 7.5% as country enters recession
Updated on Nov 28, 2020 06:58 AM IST
Hindustan Times, New Delhi | Roshan Kishore
Indian economy recovering fast, all parameters show improvement: DEA Secretary
Last week, Finance Minister Nirmala Sitharaman said there were visible signs of revival in the economy and the GDP growth may be in negative zone or near zero in the current fiscal.
Published on Nov 03, 2020 11:24 PM IST
New Delhi | Press Trust of India | Posted by Nilavro Ghosh
India’s growth this year will be negative or near zero, says finance minister Nirmala Sitharaman
Speaking at the India Energy Forum of CERAWeek, she said there was a “very firm lockdown” imposed beginning March 25 as the government put lives before livelihood.
Published on Oct 27, 2020 06:13 PM IST
New Delhi | Press Trust of India | Posted by Nilavro Ghosh
RBI projects 9.5 per cent GDP fall, sees revival promise in Q4
While the second quarter’s GDP numbers will only be released in November, high frequency economic indicators have been pointing towards a sequential recovery in the economy.
Updated on Oct 10, 2020 05:50 AM IST
Hindustan Times, New Delhi | Roshan Kishore
India’s economy to experience record contraction in 2020-21: S&P
India’s weak fiscal settings will worsen further this year, constraining the government’s ability to aid the economy.
Updated on Sep 25, 2020 09:46 PM IST
New Delhi | Press Trust of India | Posted by Shankhyaneel Sarkar
Nominal GDP to grow at 19%in FY22: Govt
It is a bit more modest than some optimistic estimates that the Fifteenth Finance Commission has received from experts, the Commission’s chairman, NK Singh, said in an interview, citing a presentation made by the finance ministry’s chief economic adviser, Krishnamurthy Subramanian.
Published on Sep 21, 2020 12:32 AM IST
Hindustan Times, New Delhi | Gireesh Chandra Prasad and Asit Ranjan Mishra, New Delhi
Crisil projects 9% GDP contraction in FY21, says govt not providing adequate direct fiscal support
The projection comes days after official data for the June quarter showed a contraction of 23.9 per cent in the economy.
Updated on Sep 10, 2020 10:22 PM IST
Mumbai | Press Trust of India | Posted by Prashasti Singh
Indian economy worst hit, FY21 GDP to contract 14.8%: Goldman Sachs
It had earlier estimated that the economy of the country, which is now home to the second-largest number of Covid-19 infections, to contract by 11.8 per cent.
Published on Sep 08, 2020 06:14 PM IST
Mumbai | Press Trust of India| Posted by Susmita Pakrasi
GST compensation to states a legal obligation, Ashok Gehlot tells PM Modi
Ashok Gehlot said under the GST (Compensation to States) Act, 2017, states are guaranteed compensation for loss of revenue on account of implementation of GST for a transition period of five years, starting from 2017.
Updated on Sep 08, 2020 07:51 AM IST
Hindustan Times, Jaipur | HT Correspondent
Small positive growth may not be ruled out in FY21, says ex-RBI governor Rangarajan
Rangarajan and India EY India chief policy advisor D K Srivastava in a paper titled ‘India’s Growth Prospects and Policy Options: Emerging from the Pandemic’s Shadow’ stated that the story of the Indian economy as it unfolds under the impact of Covid-19 is disquieting.
Updated on Sep 06, 2020 04:29 PM IST
New Delhi | Press Trust of India | Posted by Arpan Rai
Restoring growth to boosting health infra: Charting India’s goals
The unforeseen events in the run-up to completion of 73 years of independence today give a good reason to revisit the goals we want to achieve by August 15, 2022.
Updated on Aug 19, 2020 12:24 PM IST
Hindustan Times, New Delhi | Roshan Kishore
Factory output shrinks sharply in June to 16.6%
Data released by the National Statistical Office on Tuesday showed the Index of Industrial Production (IIP) contracted 16.6% in June against a 34% contraction in May.
Updated on Aug 12, 2020 04:44 AM IST
Hindustan Times, New Delhi | Asit Ranjan Mishra, New Delhi
The differing digital journeys of India, China
There is resistance against Chinese dominance. India needs to fix its domestic landscape to take advantage
Updated on Jul 20, 2020 10:31 PM IST
Mahesh Sachdev
Why the June quarter numbers are important
Purchasing Managers’ Indices (PMI) for the month of June will be released this week. PMI numbers for April and May show a huge contraction in economic activity.
Updated on Jun 30, 2020 01:55 AM IST
Hindustan Times, New Delhi | Roshan Kishore
‘Green shoots of economic revival seen across sectors’: Finance ministry
The finance ministry said positive signs were visible across sectors like agricultural procurement, fertiliser sales, energy consumption, freight movement, digital transactions and forex earnings.
Updated on Jun 23, 2020 05:45 PM IST
Hindustan Times, New Delhi | Rajeev Jayaswal | Edited by Ashutosh Tripathi
Addressing pre-Covid issues to be crucial for India’s recovery
Any modern economy is a giant market. Everybody is a buyer or a seller. Workers sell their labour, businesses their products and services. Essential and non-essential spending decisions feed into each other. And everything is linked.
Updated on Dec 28, 2020 10:26 PM IST
Hindustan Times, New Delhi | Roshan Kishore
‘Remember, this is pre-lockdown’: Chidambaram warns on India’s 11-year low GDP slump
“Remember, this is pre-lockdown. Of the 91 days of Q4, lockdown applied to only to 7 days,” Chidambaram said in a tweet on the government released data for country’s GDP.
Updated on May 29, 2020 07:15 PM IST
Hindustan Times, New Delhi | hindustantimes.com | Edited by Arpan Rai
At 4.2%, GDP growth in 2019-20 hits 11-year low
The economic growth slipped to 3.1 per cent in the January-March quarter of 2019-20 showing impact of the coronavirus
Updated on May 29, 2020 06:47 PM IST
Hindustan Times, New Delhi | HT Correspondent | Edited by Ashutosh Tripathi