IMF on Indian economy: According to the projection, growth in India is set to decline from 6.8% in 2022 to 6.1% in 2023 before picking up to 6.8% in 2024, with resilient domestic demand despite external headwinds.
The United Nations has warned that the ongoing economic slowdown caused by the COVID-19 pandemic, Russian invasion of Ukraine will force many workers into poorly paid jobs.
Kerala Chief Minister Pinarayi Vijayan on Friday announced a 100-day action plan to help the state tide over the economic slowdown triggered by the second wave of the COVID-19 pandemic.
A meeting of a Group of Ministers will take place at the residence of Defence Minister Rajnath Singh at 5 p.m. on Saturday. This is the second such meeting of the ministers in six days. The last one was held on May 18.
The coronavirus crisis has sent U.S. unemployment surging to 14.7%, a level last seen when the country was in the throes of the Depression and President Franklin D. Roosevelt was assuring Americans that the only thing to fear was fear itself. And because of government errors and the particular way the Labor Department measures the job market, the true picture is even worse
India faces "imminent danger" from the trinity of social disharmony, economic slowdown and a global health epidemic, former prime minister Manmohan Singh warned on Friday
The run-up to BS VI transition along with the general economic slowdown and truncated production led to the decline in sales of automobile majors in February, market watchers said on Monday.
India's economic growth slowed to 4.7 percent in October-December 2019, according to official data released on Friday.
Prime Minister Narendra Modi and Congress leader Rahul Gandhi traded barbs at each other during election rallies in Delhi on Tuesday. Arvind Kejriwal's Aam Aadmi Party too was not out of the radar.
The economic growth slowdown has appeared to have bottomed out and is expected to pick up in 2020-21, according to Budget documents. The document further said the prospects for the Indian economy in 2020-21 need to be assessed in the light of emerging global and domestic challenges and opportunities.
Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.
The classical economic theory of high inflation leading to the gross domestic product (GDP) growth will not be applicable to India even if the retail inflation has touched 7.35 per cent, since the price rise is led by highly volatile food and vegetables and is a short-term spike.
Gadkari said that the goal can be achieved by increasing domestic production and reducing dependence on imports. He spoke at the 29th International Management Conclave of the Indore Management Association here.
Gita Gopinath an Economic Counsellor and Director of Research Department at the International Monetary Fund (IMF), met Prime Minister Narendra Modi in New Delhi on Monday. The Prime Minister's Office (PMO) posted pictures of Prime Minister Modi with Gopinath on its Twitter handle.
India is facing a "Great Slowdown" with its economy headed for intensive care unit primarily due to a "second wave" of the twin balance sheet crisis at banks, former Chief Economic Adviser Arvind Subramanian has said.
Between 40,000 and 50,000 commercial vehicle owners have been forced to surrender their vehicles due to non-payment of dues, says SP Singh from a transport think tank
Production of cement (- 7.7 per cent), steel (- 1.6 per cent), and electricity (- 12.4 per cent) also declined during the month. The only sector that posted growth in October was fertilizers where production increased by 11.8 per cent year-on-year.
He said there was a period of recession in the world some years back which also had an effect on India, by the then government under prime minister Manmohan Singh took effective steps and "kept the country's economy strong"
The Regional Comprehensive Economic Partnership (RCEP), comprising the 10-member ASEAN bloc and six other countries -- India, China, Japan, South Korea, Australia and New Zealand -- is engaged in negotiations for a free-trade pact.
Billionaire Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters.
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