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Indian Economy News

PAGE 16

Expert views: India’s economy shrinks record 23.9% in first quarter

Expert views: India’s economy shrinks record 23.9% in first quarter

Updated on Aug 31, 2020, 7:26 PM IST

India’s economy contracts by 23.9%, worst in decades

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.

Updated on Aug 31, 2020, 6:10 PM IST

India’s GDP numbers could be worst in decades. What experts say

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.

Updated on Aug 31, 2020, 2:48 PM IST

Economic recovery hits July plateau, shows data

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.

Updated on Aug 4, 2020, 12:52 AM IST

The economic situation is grim | HT Editorial

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

Updated on Aug 2, 2020, 6:46 PM IST

Important to deal with non-performing assets: Viral Acharya

Former deputy governor of India’s central bank Viral V Acharya .

Updated on Jul 29, 2020, 6:18 AM IST

Infrastructure push can ‘reignite’ economic growth: RBI Governor

RBI Governor Shaktikanta Das

Updated on Jul 27, 2020, 2:19 PM IST

June saw India make its first trade surplus in 18 years. But this isn’t good news

Many people including Piyush Goyal, the union minister of commerce and industry have celebrated the trade account turning positive.

Updated on Jul 17, 2020, 1:34 PM IST

India posts first trade surplus in 18 years as coronavirus hits imports

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

Updated on Jul 15, 2020, 9:22 PM IST

Fitch cuts India growth forecast to 8% for FY22; economy to shrink by 5% this fiscal

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.

Published on Jun 30, 2020, 6:47 PM IST

Govt may cut funds for Chinese tech

ow-cost funds will be provided to local power equipment makers to spur competition.

Published on Jun 29, 2020, 2:17 AM IST

India’s earnings scorecard shows worst profit slump since 2014

Stay-at-home measures triggered by the coronavirus pandemic has kept most of India’s 1.3 billion population indoors since late March, leading to a collapse in business activities.

Updated on Jun 4, 2020, 10:40 AM IST

World is looking for trusted, reliable partner, India must be ready: PM Modi

Getting growth back is not so difficult, PM Modi said, as Indian industries have a clear path—the road to self-reliant India.

Updated on Jun 2, 2020, 12:40 PM IST

Five Indian states are leading economy to recovery from lockdown

Some of the most industrialized states such as Maharashtra and Gujarat were trailing because of tough measures still in place to contain the Covid-19 pandemic.

Updated on Jun 2, 2020, 10:08 AM IST

Moody’s downgrades India’s sovereign rating, maintains negative outlook

‘Baa3’ is the lowest investment grade - just a notch above junk status.

Updated on Jun 1, 2020, 8:06 PM IST

Rupee slips 2 paise to 75.58 against US dollar

At the interbank foreign exchange market, the rupee opened at 75.51, and stayed in a range of 75.45 - 75.59.

Updated on May 15, 2020, 6:12 PM IST

Nirmala Sitharaman Press Conference: ₹9250 crore relief for provident fund contributors

Union finance minister Nirmala Sitharaman announced an economic package on Wednesday

Updated on May 13, 2020, 5:28 PM IST

India offers $40 billion loans to small business to boost growth amid Covid pandemic

More measures will be announced over the course of the next few days.

Published on May 13, 2020, 5:05 PM IST

Covid-19: All eyes on stimulus package

Crisil has forecast 1.8% growth for FY21 and expects FY20 growth to be below the official estimate of 5% made in February.

Published on Apr 23, 2020, 3:49 AM IST

RBI lends a helping hand, Wuhan revises death toll: Top Covid-19 news today

Reserve Bank of India (RBI) Governor Shaktikanta Das.

Updated on Apr 18, 2020, 7:33 AM IST

Covid-19 causes severe disruption to Indian economy, says World Bank

To contain the outbreak, the government imposed a ‘lockdown’ with restrictions on mobility of goods and people.

Updated on Apr 12, 2020, 1:30 PM IST

Covid-19: India’s FY21 outlook bleak, economy to enter slow lane

Reflecting the pessumism, Indian stock markets continued their downward march on Monday, dumping stocks and conserving cash, with the Sensex plunging 4.61% and Nifty shedding 4.38% .

Updated on Mar 31, 2020, 10:11 AM IST

Recovery could be distant as economy shrivels due to Covid-19

A deserted Patna Junction during the nationwide lockdown over the coronavirus (COVID-19) pandemic, Friday, March 27,2020.

Updated on Mar 28, 2020, 4:24 PM IST

India’s growth could be the next casualty of the coronavirus outbreak

India’s economic growth hit a more than six-year low of 4.7% in the December quarter (Photo: Aniruddha Chowdhury/Mint)

Updated on Mar 3, 2020, 1:40 PM IST

Sensex tanks 1500 points, ₹5.5 lakh crore investor wealth gone in minutes

The markets are on track for their worst week in four year.

Updated on Feb 28, 2020, 3:33 PM IST

Manmohan Singh says government is in denial over economic slowdown

Manmohan Singh at the release of Montek Singh Ahluwalia’s latest book ‘Backstage’

Updated on Feb 19, 2020, 10:47 PM IST

India became 5th largest economy in 2019 overtaking UK, France: Report

According to the World Population Review report, India’s real GDP growth, however, is expected to weaken for the third straight year from 7.5 per cent to 5 per cent.

Updated on Feb 17, 2020, 10:40 PM IST

Chinese factories shut by coronavirus, 13.7% of India’s imports at risk

Precautionary posters at the Beleghata ID and BG Hospital where people have been wearing masks for safety from coronavirus in Kolkata, West Bengal.

Updated on Feb 15, 2020, 5:55 AM IST

Indian economic environment weaker than forecast, urgent reforms needed: IMF

Labourers carrying vegetables to a wholesale market in Kolkata. The IMF in January lowered India’s economic growth estimate for the current fiscal to 4.8%.

Updated on Feb 14, 2020, 6:38 AM IST

From PMI to Sensex, FM says seven signs show ‘green shoots’

Union Finance Minister Nirmala Sitharaman speaks at Rajya Sabha during the Budget Session of Parliament, in New Delhi on Tuesday (Photo: ANI)

Updated on Feb 12, 2020, 10:06 AM IST

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