Economy
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Indian economy projected to grow at 8.3 per cent in 2021: World Bank
India | Jun 08, 2021, 08:10 PM ISTIndia's economy, which is facing the heat of the second wave of coronavirus, has been projected to grow at 8.3 per cent in 2021, according to World Bank.
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Economy in better shape this year as compared to 2020, says Revenue Secretary
Business | May 28, 2021, 11:15 PM ISTRevenue Secretary Tarun Bajaj on Friday said the economy has not suffered as much this year amid the second wave of COVID-19 as compared to last year when there was complete lockdown.
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Second COVID wave could spark greater uncertainty, govt will respond with fiscal steps if required:
India | Apr 18, 2021, 12:54 PM ISTWhile acknowledging that present situation has become far more difficult than it was in past due to rising coronavirus infections, Kumar remained hopeful that India's economy will grow 11 per cent in current fiscal ending March 31, 2022.
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Recovery is underway after worst global recession since World War II: IMF MD Georgieva
World | Apr 08, 2021, 10:49 AM ISTIMF MD Georgieva said this is adding to exceptional and coordinated actions taken over the past year.
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Indian Railways rolls out first prototype LHB AC 3-tier economy class coach
India | Mar 21, 2021, 01:22 PM ISTThe Indian Railways has rolled out the first prototype Linke Hofmann Busch (LHB) AC three-tier economy class coach.
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Japan's economy shrinks 4.8% due to Covid in 2020
World | Feb 15, 2021, 01:13 PM ISTJapan's economy surged in the fourth quarter of 2020 but it was not enough to keep the world's third-largest economy away from negative growth for the year as the economy shrank 4.8 percent due to Covid-triggered crises -- the first contraction since 2009.
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Equity indices dip, banking stocks under pressure
News | Feb 10, 2021, 08:00 PM ISTKey equity indices see-sawed between gains and losses on Wednesday and closed in the red zone as investors turned cautious over the sustainability of a recent risk rally.
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Equity indices on upward climb, auto and metal stocks shine
News | Feb 08, 2021, 07:49 PM ISTEquity benchmark indices closed over one per cent higher on Monday amid upbeat news on corporate earnings, economic data and updates on vaccination drive.
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Equity indices edge lower, banking stocks in focus
News | Feb 04, 2021, 01:20 PM ISTEquity benchmark indices dipped marginally during early hours on Thursday amid mixed global cues with Nifty private bank lowering by 1.2 per cent.
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Union Budget 2021: Rs 4.78 lakh crore allocated for defence
Special Report | Feb 01, 2021, 11:07 PM ISTThere was no big bang increase in the overall defence budget, but India did spend an additional unbudgeted Rs 20,776 crore on emergency arms procurements in the current fiscal in face of China's ongoing belligerence on the northern border, especially in Eastern Ladakh.
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India within striking distance of attaining positive growth: RBI
Business | Jan 22, 2021, 12:39 PM ISTIndia's GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter "V" in the V-shaped recovery stands for the vaccine.
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Economy on revival! 4, 2 wheeler sale rise in December
Business | Jan 14, 2021, 07:16 PM ISTPassenger vehicle wholesales in India increased 13.59 per cent to 2,52,998 units last month on a very low sales base of December 2019, auto industry body SIAM said on Thursday. Passenger vehicle sales in December 2019 stood at 2,22,728 units.
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India to become 5th largest economy in 2025, 3rd largest by 2030
Business | Dec 26, 2020, 12:52 PM ISTIndia, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said on Saturday.
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India's GDP: Quickest to fall, fastest to recover
Business | Dec 25, 2020, 11:17 PM ISTThe covid-19 induced turmoil showed weakness as well as resilience of India's economy in 2020, as the country's GDP recorded abysmal fall and breathtaking recovery.
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Recovery faster than expected; economic indicators encouraging: PM Modi
India | Dec 12, 2020, 12:48 PM ISTPrime Minister Narendra Modi on Saturday said that recovery is faster than expected and economic indicators are encouraging.
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India's July-Sept GDP contracts 7.5%, 'technical recession' confirmed
Business | Nov 27, 2020, 06:35 PM ISTThe GDP at constant (2011-12) prices in Q2 of 2020-21 is estimated at Rs 33.14 lakh crore.
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RBI predicts likelihood of economy returning to positive growth in Q3: FM Sitharaman
News | Nov 12, 2020, 04:39 PM ISTAddressing a joint press conference in the national capital on November 12, Union Finance Minister Nirmala Sitharaman spoke about predictions on Indian economy's trajectory in coming days.
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India's economy is moving faster than economists' anticipation: DEA Secretary
News | Nov 03, 2020, 10:58 PM ISTDepartment of Economic Affairs Secretary Tarun Bajaj said that India's economy is moving much faster than it was anticipated by economists.
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Economy has almost reached pre-COVID level in most sectors: Finance Secretary
News | Nov 02, 2020, 11:17 AM ISTFinance Secretary Ajay Bhushan Pandey said that the economy has almost reached pre-COVID level in most sectors and also said that COVID-19 pandemic has not ended yet but signs of recovery (of the economy) can be seen.
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India's strategy of dealing with COVID-19 paid off, economy set to bounce back: Ficci
Business | Nov 01, 2020, 06:30 PM ISTFicci President Sangita Reddy on Sunday said India's strategy of dealing with the COVID-19 crisis has paid off and the country's economy is set to bounce back and emerge stronger.