[

indian economy

]
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)

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.
Close
Prime Minister Narendra Modi’s administration is under pressure to shore up economic growth after the pandemic resulted in widespread job losses and pushed millions into poverty due to one of world’s strictest lockdown.(AFP | Representational image)
Prime Minister Narendra Modi’s administration is under pressure to shore up economic growth after the pandemic resulted in widespread job losses and pushed millions into poverty due to one of world’s strictest lockdown.(AFP | Representational image)

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.
Close
Shah, one of the senior most members of the cabinet, also said the Covid-19 vaccination drive is progressing well. (ANI Photo)
Shah, one of the senior most members of the cabinet, also said the Covid-19 vaccination drive is progressing well. (ANI Photo)

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
Close
Employees work on an assembly line of Honda Motorcycles & Scootesr India at Vithalapur town in the western state of Gujarat, India,(Reuters)
Employees work on an assembly line of Honda Motorcycles & Scootesr India at Vithalapur town in the western state of Gujarat, India,(Reuters)

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.
Close
A cyclist wears a protective mask while riding along a near-empty Sabarmati Riverfront in Ahmedabad.(Bloomberg)
A cyclist wears a protective mask while riding along a near-empty Sabarmati Riverfront in Ahmedabad.(Bloomberg)

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.
Close
Men wearing protective face masks on their chins, amid the coronavirus disease outbreak, watch a video on a mobile phone as they sit at a second-hand motor parts market in the old quarters of Delhi.(REUTERS)
Men wearing protective face masks on their chins, amid the coronavirus disease outbreak, watch a video on a mobile phone as they sit at a second-hand motor parts market in the old quarters of Delhi.(REUTERS)

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.
Close
Out of the 41 high frequency leading indicators, 58 per cent are showing acceleration in the third quarter.(AP)
Out of the 41 high frequency leading indicators, 58 per cent are showing acceleration in the third quarter.(AP)

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.
Close
India’s economic recovery still faces several downside risks, including the availability and the distribution of vaccines to over 1.3 billion people in the country.(Reuters File Photo)
India’s economic recovery still faces several downside risks, including the availability and the distribution of vaccines to over 1.3 billion people in the country.(Reuters File Photo)

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.
Close
The formalisation of firms and employment has been encouraged through the introduction of GST and the new Labour Codes.(AP file photo)
The formalisation of firms and employment has been encouraged through the introduction of GST and the new Labour Codes.(AP file photo)

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.
Close
Finance minister Nirmala Sitharaman in a press conference.(Bloomberg file photo)
Finance minister Nirmala Sitharaman in a press conference.(Bloomberg file photo)

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.
Close
State Bank of India chairman Dinesh Kumar Khara said that the economy would bounce back from the damage caused due to the Covid-19 pandemic by the next fiscal.(PTI Photo)
State Bank of India chairman Dinesh Kumar Khara said that the economy would bounce back from the damage caused due to the Covid-19 pandemic by the next fiscal.(PTI Photo)

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.
Close
Total two-wheelers sales grew by 24 per cent recording 382,121 units in October 2020 as against 308,161 units in October 2019.(ANI)
Total two-wheelers sales grew by 24 per cent recording 382,121 units in October 2020 as against 308,161 units in October 2019.(ANI)

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.
Close
Activity in India’s dominant services sector continued to recover, with the main index rising to 49.8 in September from 41.8 in August.(Bloomberg)
Activity in India’s dominant services sector continued to recover, with the main index rising to 49.8 in September from 41.8 in August.(Bloomberg)

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.
Close
Union finance minister Nirmala Sitharaman.(Ajay Aggarwal /HT PHOTO)
Union finance minister Nirmala Sitharaman.(Ajay Aggarwal /HT PHOTO)

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.
Close
Nobel Laureate Abhijit Banerjee .(Reuters)
Nobel Laureate Abhijit Banerjee .(Reuters)

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.
Close
Reserve Bank of India (RBI) Governor Shaktikanta Das(ANI)
Reserve Bank of India (RBI) Governor Shaktikanta Das(ANI)

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.
Close
About two dozen companies including Samsung Electronics Co., Hon Hai Precision Industry Co., known as Foxconn and Wistron Corp. pledged $1.5 billion of investments to set up mobile-phone factories in the country, according to the government.(ILLUSTRATION: MOHIT SUNEJA)
About two dozen companies including Samsung Electronics Co., Hon Hai Precision Industry Co., known as Foxconn and Wistron Corp. pledged $1.5 billion of investments to set up mobile-phone factories in the country, according to the government.(ILLUSTRATION: MOHIT SUNEJA)

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.
Close
The Narendra Modi administration has already raised its borrowings for the current year by 53% to ₹12 trillion to deal with the humanitarian and economic impact of the coronavirus crisis.(HT file photo)
The Narendra Modi administration has already raised its borrowings for the current year by 53% to ₹12 trillion to deal with the humanitarian and economic impact of the coronavirus crisis.(HT file photo)

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.
Close
Ongoing lockdown restrictions have meant that firms are unable to process previously placed orders, even as job losses continued for the sixth consecutive month.(Bloomberg)
Ongoing lockdown restrictions have meant that firms are unable to process previously placed orders, even as job losses continued for the sixth consecutive month.(Bloomberg)

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.
Close
(HT file photo)
(HT file photo)

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.
Close
People shop for fish at a market in Kolkata. India’s economy had grown at 3.1% in the January-March quarter, its slowest pace in at least eight years.(AP)
People shop for fish at a market in Kolkata. India’s economy had grown at 3.1% in the January-March quarter, its slowest pace in at least eight years.(AP)

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.
Close
Workers are seen at a segment of metro construction site in Pune. India, once the world’s fastest-growing major economy, is set to post the steepest quarterly decline in gross domestic product, experts have said.(Rahul Raut/HT Photo)
Workers are seen at a segment of metro construction site in Pune. India, once the world’s fastest-growing major economy, is set to post the steepest quarterly decline in gross domestic product, experts have said.(Rahul Raut/HT Photo)

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.
Close
The economy could take longer than expected to come back to pre-pandemic levels. According to a Reuters poll of economists, the Indian economy may be in a contraction mode till the December quarter.(Kunal Patil/HT Photo)
The economy could take longer than expected to come back to pre-pandemic levels. According to a Reuters poll of economists, the Indian economy may be in a contraction mode till the December quarter.(Kunal Patil/HT Photo)

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.
Close
Ms Sitharaman herself said that the “government is cautious about overstating the green shoots of a recovery visible in the economy”.(PTI)
Ms Sitharaman herself said that the “government is cautious about overstating the green shoots of a recovery visible in the economy”.(PTI)

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
Close
Former deputy governor of India’s central bank Viral V Acharya .(HT photo)
Former deputy governor of India’s central bank Viral V Acharya .(HT photo)

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.
Close
RBI Governor Shaktikanta Das(ANI)
RBI Governor Shaktikanta Das(ANI)

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.
Close
Many people including Piyush Goyal, the union minister of commerce and industry have celebrated the trade account turning positive.(Bloomberg file photo)
Many people including Piyush Goyal, the union minister of commerce and industry have celebrated the trade account turning positive.(Bloomberg file photo)

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.
Close
India’s economy, third largest in Asia, is projected to contract by up to 5% this financial year(Reuters)
India’s economy, third largest in Asia, is projected to contract by up to 5% this financial year(Reuters)

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.
Close
In May update to the oulook, Fitch had projected Indian economy’s growth at 9.5% in 2021-22. S&P has forecast a 5% contraction in the fiscal year starting April, and the growth to recover to 8.5 % next fiscal.(REUTERS File)
In May update to the oulook, Fitch had projected Indian economy’s growth at 9.5% in 2021-22. S&P has forecast a 5% contraction in the fiscal year starting April, and the growth to recover to 8.5 % next fiscal.(REUTERS File)

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.
Close
ow-cost funds will be provided to local power equipment makers to spur competition.(HT Photo)
ow-cost funds will be provided to local power equipment makers to spur competition.(HT Photo)

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.
Close
SHARE
  • 1
  • 2
  • 3
  • ...
Story Saved