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Economic activity picked up pace in recent months, but complacency about the virus and misplaced euphoria about vaccines are threatening the hard-fought gains.(AP file photo)

Covid-19 may severely dent India’s growth prospects

By Asit Ranjan Mishra, Gopika Gopakumar, Shayan Ghosh
UPDATED ON APR 17, 2021 06:16 AM IST
Economists say the double-digit growth forecasts for this year no longer look certain.
To be sure, the economy has been recovering with the easing of restrictions. India’s Gross domestic product (GDP) re-entered growth territory in the quarter ending December 2020. (AP File)
To be sure, the economy has been recovering with the easing of restrictions. India’s Gross domestic product (GDP) re-entered growth territory in the quarter ending December 2020. (AP File)

Fiscal year 2020-21: A macroeconomic snapshot

UPDATED ON MAR 31, 2021 07:31 AM IST
While the Indian economy was losing growth momentum for several years before the pandemic, the exceptionally bad growth performance in 2020-21 is largely on account of the 68-day-long hard lockdown which was imposed on March 25, 2020
Representational image. (Bloomberg)
Representational image. (Bloomberg)

A taper tantrum around 2024 polls could be Modi govt’s biggest economic trial

UPDATED ON MAR 01, 2021 06:17 PM IST
While most of the economic analysis around the pandemic’s impact on the Indian economy has focused on domestic factors, there is merit in looking at the impact of a near-certain economic disruption to the Indian economy in the next few years
Addressing the Governing Council meeting of Niti Aayog, the Prime Minister said that the private sector should be given full opportunity to become a part of government's Aatmanirbhar Bharat programme.(HT_PRINT)
Addressing the Governing Council meeting of Niti Aayog, the Prime Minister said that the private sector should be given full opportunity to become a part of government's Aatmanirbhar Bharat programme.(HT_PRINT)

Centre, states need to work closely to boost economic growth: PM

PTI |
PUBLISHED ON FEB 20, 2021 01:59 PM IST
He said that the positive response to the Union Budget 2021-22 indicates that the country wants to move forward on the path of development at greater speed.
Senior Congress leader P Chidambaram(File photo)
Senior Congress leader P Chidambaram(File photo)

Government has failed to stimulate demand: P Chidambaram

PTI |
PUBLISHED ON FEB 11, 2021 02:58 PM IST
P Chidambaram claimed that the budget for 2021-22 has failed as even a small amount of cash transfer has not been given to the poor and the rations are not being continued with.
People wearing protective masks look up at the Bombay Stock Exchange (BSE) building in Mumbai, India, on Thursday, Jan. 21, 2021. (Bloomberg)
People wearing protective masks look up at the Bombay Stock Exchange (BSE) building in Mumbai, India, on Thursday, Jan. 21, 2021. (Bloomberg)

Four charts on the state of the Indian economy

UPDATED ON FEB 08, 2021 04:38 AM IST
  • While the MPC has projected real GDP growth at 10.5% in 2021-22, the Budget assumes nominal growth of 14.4%. What exactly is the state of the Indian economy?
With the central government announcing a higher than expected fiscal deficit and borrowing plan, experts also saw the MPC’s decision as an attempt to strike a balance between fiscal and monetary policy goals.(File photo)
With the central government announcing a higher than expected fiscal deficit and borrowing plan, experts also saw the MPC’s decision as an attempt to strike a balance between fiscal and monetary policy goals.(File photo)

RBI says economy is moving in only one direction: Up

PUBLISHED ON FEB 06, 2021 12:18 AM IST
While the formal sector of the economy seems to be on a strong recovery path, consumer sentiment, as seen in RBI’s Consumer Confidence Survey, has not shown a concomitant recovery, although it has shown sequential improvement over the past two rounds conducted in November 2020 and January 2021.
For the full fiscal, the survey projected a contraction of 7.7 per cent and V-shaped recovery in the next..(Reuters file photo)
For the full fiscal, the survey projected a contraction of 7.7 per cent and V-shaped recovery in the next..(Reuters file photo)

FM tables Economic Survey 2020-21 in Lok Sabha

PTI |
PUBLISHED ON JAN 29, 2021 02:18 PM IST
The economy, which was battered by the coronavirus lockdown, is expected to see a strong recovery in the 2021-22 fiscal year.
India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand.(AP)
India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand.(AP)

India needs bold policy response to secure robust economic recovery, says IMF

PTI |
PUBLISHED ON JAN 28, 2021 06:52 PM IST
The upward revision for FY21/22 to double-digit growth reflects carryover from a stronger-than-expected recovery in 2020.
The RBI, however, said the views expressed in this article are those of the authors and do not necessarily represent the views of the central bank.(Mint file photo)
The RBI, however, said the views expressed in this article are those of the authors and do not necessarily represent the views of the central bank.(Mint file photo)

India within striking distance of attaining positive growth, says RBI

PTI |
PUBLISHED ON JAN 21, 2021 08:25 PM IST
The economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the Covid-19 pandemic.
RBI data throws light on the extent of stress caused by the covid-induced economic slump.(MINT_PRINT)
RBI data throws light on the extent of stress caused by the covid-induced economic slump.(MINT_PRINT)

Indian economy may contract by 25 per cent in current fiscal: Expert

PTI |
PUBLISHED ON JAN 17, 2021 02:25 PM IST
The Reserve Bank of India (RBI) has projected the Indian economy to contract 7.5 per cent in the current financial year, while the National Statistical Office (NSO) estimates a contraction of 7.7 per cent.
Imports expanded 7.56% last month, the first time in 10 months, while exports grew 0.14%—leaving a trade deficit of $15.44 billion, according to data released by the commerce ministry on Friday.(Bloomberg)
Imports expanded 7.56% last month, the first time in 10 months, while exports grew 0.14%—leaving a trade deficit of $15.44 billion, according to data released by the commerce ministry on Friday.(Bloomberg)

India’s trade deficit at 25-month high in Dec

Livemint | By HT Correspondent
UPDATED ON JAN 16, 2021 04:33 AM IST
India’s merchandise trade had been weakening even before the pandemic hit the economy and external demand. Since March 2020, both exports and imports started declining in high double digits, even temporarily leading to a trade surplus in June for the first time in 18 years.
Finance minister Nirmala Sitharaman(HT file photo)
Finance minister Nirmala Sitharaman(HT file photo)

Govt considering series of measures to boost economy

Hindustan Times | By Rajeev Jayaswal
UPDATED ON SEP 11, 2020 03:13 AM IST
Various expert groups in the government are working on specific fiscal incentives and policy reforms that are expected to take effect from the third quarter (October-December) of the current financial year to accelerate growth, the people added, asking not to be identified.
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