The monthly bulletin of the central bank for December said the more evidence has emerged since the last bulletin which shows that the Indian economy is coming out of the Covid-induced slowdown.
PM Narendra Modi's call for Atmanirbhar Bharat during the pandemic has encouraged local companies to boost manufacturing and people are now searching for more India-made products. This emotional call has shed light on the importance of using homemade products in boosting the economy and simultaneously transforming the local businesses.
The economy contracted by a historic 23.9 per cent in the first quarter of 2020-21 on account of the impact of the coronavirus pandemic.
Saudi Arabia, the world's largest oil exporter, on Sunday said its investment plans in India are on track, noting that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis.
Lok Sabha Speaker Om Birla on Saturday said India's economy was witnessing rapid revival after the slowdown due to the coronavirus outbreak and lockdown.
Addressing the annual general meeting of the Indian Chamber of Commerce (ICC), Sitharaman said that while in early 2020 green shoots and revival signs of the economy were visible, it was upset with the pandemic setting in.
A faster recovery keeps more of the economy's supply side intact and can set India up for more prolonged above-average growth during the recovery phase, S&P Global Ratings said in a statement.
Richest Indian Mukesh Ambani on Tuesday said India will grow to be among the top three economies in the world in the next two decades and per capita income would more than double.
Prime Minister Narendra Modi on Saturday said that recovery is faster than expected and economic indicators are encouraging.
Alphabet and Google CEO Sundar Pichai on Monday stressed that growing up in India amid poor access to a computer or a phone set him on a course to build a more inclusive global digital economy and empower the next billion people.
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.
In its 2021 outlook for rated Indian non-financial corporates, Moody's cited earnings growth on the back of widespread demand revival across sectors as the reason for giving a 'stable outlook' for Indian corporates in 2021.
The GDP at constant (2011-12) prices in Q2 of 2020-21 is estimated at Rs 33.14 lakh crore.
The second-quarter gross domestic product (GDP) data on India will be released today with the industry expecting positive news. The data will be released by the National Statistical Office.
While former finance minister P Chidambaram, and party leaders Mallikarjun Kharge and Digvijaya Singh will be part of the economic affairs committee, Jairam Ramesh will be its convener.
Fitch Ratings on Friday said the revival of the government's reform agenda in response to the coronavirus pandemic shock has the potential to raise India's medium-term growth rate.
Indian students contributed USD 7.6 billion to the US economy in the academic year 2019-20, even though there was a 4.4 per cent drop in the total number of Indian students, according to a report.
The Indian economy is seen recovering faster than expected and the Reserve Bank is likely to have come to an end of the rate easing cycle, according to global forecasting firm Oxford Economics.
The Indian economy is witnessing a strong recovery after a long and strict lockdown, Finance Minister Nirmala Sitharaman on Thursday said.
The country's economy, which has shown resilience to come out from a downturn caused by the COVID-19 pandemic, is expected to bounce back from the next fiscal, State Bank of India chairman Dinesh Kumar Khara said on Saturday.