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indian economy
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Number Theory: Recovery of economy showing mixed signals
By Vineet Sachdev
UPDATED ON FEB 17, 2021 05:03 AM IST
An HT analysis of some high frequency indicators that track household financial health and investment demand, however, presents a mixed picture of the economy, a clear indication that while there will be a sharp recovery, it may not be as widespread as some believe.
India said to forecast 11% growth buoyed by Covid-19 vaccine roll out
Bloomberg
PUBLISHED ON JAN 28, 2021 09:39 PM IST
The forecast for next year is in line with the International Monetary Fund’s estimate for 11.5% expansion, which will once again make India the fastest-growing major economy in the world ahead of China’s 8.1% pace.
Indian economy undergoing a 'V-shaped recovery', world is surprised: Amit Shah
PTI
PUBLISHED ON JAN 21, 2021 02:37 PM IST
Vaccination drive going well; world surprised at Indian economy's V-shaped recovery: Shah
Indian economy heading towards V-shaped recovery in 2021: Assocham
PTI
UPDATED ON JAN 10, 2021 07:37 PM IST
India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the Covid-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday.
Post-Covid economic recovery: Can the rich also hurt growth?
By Roshan Kishore | Hindustan Times, New delhi
UPDATED ON DEC 29, 2020 01:50 PM IST
Because the rich save more, they bring in the bulk of domestic sources of investment, especially equity and debt.
Key indicators point to slowing business activity
By Shreya Nandi and Gireesh Chandra Prasad | Livemint, New Delhi
UPDATED ON DEC 23, 2020 06:05 AM IST
This loss of momentum in economic recovery for the first time in seven months from the turbulence caused by the pandemic could worry policymakers as they prepare for the federal budget.
FY21 GDP to contract at 7.4% on better recovery: SBI report
By Press Trust of India | Posted by Shivani Kumar | Mumbai
UPDATED ON DEC 16, 2020 03:34 PM IST
Apart from Q3 FY21, the Q4 growth will also be in positive territory (at 1.7 per cent). However, all projections are conditional on the absence of another wave of infections, the report said.
Poll says Indian economy to escape recession early next year on vaccine hopes
By Reuters | Posted by Srivatsan K C | Bengaluru
UPDATED ON NOV 25, 2020 06:52 PM IST
The recent vaccine news has boosted Indian stocks to repeated record highs and fuelled hopes of a pick-up in economic activity.
HTLS 2020: Defining a new era of growth and prosperity
By Amitabh Kant | New Delhi
UPDATED ON NOV 24, 2020 09:24 AM IST
The latest in the set of structural reforms is the introduction of the production linked incentives (PLI) schemes approved by the Cabinet a few days ago.
Govt approves $20 billion incentive to boost manufacturing: FM Sitharaman
By Bloomberg | Posted by Deepali Sharma | New Delhi
UPDATED ON NOV 11, 2020 04:34 PM IST
Finance Minister Nirmala Sitharaman said the incentives will be provided to manufacturers in 10 sectors.
Covid-19 impact: Economy expected to bounce back from next fiscal, says SBI chairman
By Press Trust of India | Posted by Prashasti Singh | New Delhi
UPDATED ON NOV 07, 2020 02:40 PM IST
State Bank of India chairman Dinesh Kumar Khara said that there will be a “paradigm shift” which will lead to a more matured economy” with economic players learning to contain costs.
TVS Motor Company sales in October 2020 grows by 22 percent
By Asian News International | Posted by Mallika Soni | New Delhi
PUBLISHED ON NOV 02, 2020 02:01 PM IST
Domestic two-wheeler sales posted a growth of 19 per cent registering 301,380 units in October 2020 as against 252,684 units in October 2019.
Indian economy accelerates in September as animal spirits soar
By Bloomberg | Posted by Shivani Kumar
UPDATED ON OCT 28, 2020 11:17 PM IST
Economists, including those at the Reserve Bank of India, attributed the recovery to pent-up demand after a strict lockdown imposed in March to contain the coronavirus outbreak hit the consumption of goods and services.
Open to another stimulus, privatisation in focus: FM Nirmala Sitharaman
By Rajeev Jayaswal | HIndustan Times, New Delhi
UPDATED ON OCT 20, 2020 02:58 AM IST
The government has already announced two packages as it attempts to revive an economy battered by the Covid-19 pandemic.
India among worst performing economies in world; stimulus inadequate: Abhijit Banerjee
By Press Trust of India | Posted by Shivani Kumar | New Delhi, Delhi
UPDATED ON SEP 29, 2020 10:52 PM IST
Speaking at a virtual event, Banerjee said the country’s economic growth was slowing down even before the Covid-19 pandemic hit.
Covid-19: Indian economy to recover gradually, says RBI Governor
By hindustantimes.com | Edited by Shivani Kumar | Hindustan Times, New Delhi
UPDATED ON SEP 16, 2020 01:16 PM IST
“Economic recovery is not fully entrenched; recovery to be gradual,” said Das in a virtual meeting of FICCI National Executive Committee.
India considers $23 billion package to lure global manufacturers
By Bloomberg | Posted by Prashasti Singh
PUBLISHED ON SEP 10, 2020 10:51 PM IST
The incentive program, being spearheaded by the country’s policy planning body, uses the template of a scheme implemented earlier this year to draw businesses away from China.
All options for relief on table
By Anil Padmanabhan and Gireesh Chandra Prasad | Livemint, New Delhi
UPDATED ON SEP 08, 2020 09:59 AM IST
The Centre is also paying extra attention to ensure that its planned capital expenditure is executed without any hurdles.
A skewed recovery, and systemic headwinds
By Roshan Kishore | Hindustan Times, New Delhi
UPDATED ON SEP 04, 2020 08:56 AM IST
Purchasing Managers’ Index (PMI) for August shows that the service sector continues to be in contraction mode for the sixth consecutive month.
Expert views: India’s economy shrinks record 23.9% in first quarter
By Reuters | Posted by Shivani Kumar
UPDATED ON AUG 31, 2020 07:26 PM IST
The gross domestic product (GDP) data released on Monday showed consumer spending, private investments and exports all collapsed during the world’s strictest lockdown imposed in late March to combat the Covid-19 pandemic.
India’s economy contracts by 23.9%, worst in decades
By hindustantimes.com | Edited by Meenakshi Ray | Hindustan Times, New Delhi
UPDATED ON AUG 31, 2020 06:10 PM IST
Experts had said the country’s economy was expected to contract mainly because this quarter had seen more of the 68-day nationwide lockdown restrictions, which were enforced by the government from March 25 to contain the spread of the coronavirus disease (Covid-19) outbreak.
India’s GDP numbers could be worst in decades. What experts say
By hindustantimes.com | Edited by Meenakshi Ray | Hindustan Times, New Delhi
UPDATED ON AUG 31, 2020 02:48 PM IST
The Indian economy is expected to contract mainly because the April-June 2020 quarter had seen more of the 68-day nationwide lockdown restrictions.
Economic recovery hits July plateau, shows data
By Roshan Kishore | Hindustan Times, New Delhi
UPDATED ON AUG 04, 2020 12:52 AM IST
Most high-frequency indicators for July suggest that not only was economic activity in July slower than the year-ago level, but that even a sequential recovery seen in May and June may have been interrupted.
The economic situation is grim | HT Editorial
By HT Correspondent | Hindustan Times
UPDATED ON AUG 02, 2020 06:46 PM IST
The financial sector, in particular, is vulnerable
Important to deal with non-performing assets: Viral Acharya
By Roshan Kishore | Hindustan Times
UPDATED ON JUL 29, 2020 06:18 AM IST
I think the developed economy stimulus has been very-very large. But the key focus has to be on the health curve. The US is still not doing that great, said Viral Acharya on his reading of global economy.
Infrastructure push can ‘reignite’ economic growth: RBI Governor
By Press Trust of India | New Delhi
UPDATED ON JUL 27, 2020 02:19 PM IST
The RBI governor said the infrastructure space could act as a force multiplier for the economy, adding that a big push to certain targeted mega projects can “reignite” the economic growth.
June saw India make its first trade surplus in 18 years. But this isn’t good news
By Roshan Kishore | Hindustan Times
UPDATED ON JUL 17, 2020 01:34 PM IST
Exports are demand for domestic goods by foreign buyers, whereas imports constitute a leakage of domestic incomes on foreign goods, and the surplus -- the difference between the two -- turning positive is usually good news.
India posts first trade surplus in 18 years as coronavirus hits imports
By Reuters | Posted by Shivani Kumar | New Delhi, Delhi
UPDATED ON JUL 15, 2020 09:22 PM IST
Indian exports and imports have been falling since March and worsening India-China relations, shrinking global demand and disruptions in supply chains are likely to pressure the trade outlook over the next few quarters, analysts said.
Fitch cuts India growth forecast to 8% for FY22; economy to shrink by 5% this fiscal
By Press Trust of India | Posted by Anubha Rohatgi | New Delhi
PUBLISHED ON JUN 30, 2020 06:47 PM IST
In its June update of Global Economic Outlook, Fitch projected Indian economy to grow 5.5 per cent in 2022-23.
Govt may cut funds for Chinese tech
By Utpal Bhaskar | Livemint
PUBLISHED ON JUN 29, 2020 02:17 AM IST
State-run Power Finance Corp. Ltd (PFC), Rural Electrification Corp. Ltd (REC) and Indian Renewable Energy Development Agency (IREDA) are the largest lenders to the Indian power sector and the move is expected to deter states from involving Chinese firms, which are usually the cheapest suppliers.