Indian Economy
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Impartial audit essential for resilient economy: RBI Governor Shaktikanta Das
Business | Oct 25, 2021, 01:22 PM ISTReserve Bank Governor Shaktikanta Das said that there is a need to improve the quality and depth of audit as it instils confidence among citizens.
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India to become USD 5 trillion economy by 2024-25: Hardeep Puri
Business | Oct 22, 2021, 12:23 PM ISTOn Air India privatisation, minister Hardeep Puri said given the fact that both the bids were higher than the reserved price, only proved that Air India was a first-rate asset.
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Too early to conclude on lessons learnt from COVID crisis: Nirmala Sitharaman
World | Oct 16, 2021, 09:10 AM ISTFM Sitharaman said much before 2nd Covid wave struck, her govt had extended a stimulus and was waiting for the economy to revive.
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India looks at close to double-digit growth this year: Nirmala Sitharaman
Business | Oct 13, 2021, 01:15 PM ISTFinance Minister Nirmala Sitharaman has emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.
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India's August industrial production rises to four-month high, output higher by 11.9% YoY
Business | Oct 13, 2021, 08:28 AM ISTLow base effect, along with a rise in demand, pushed India's industrial output higher by 11.9 per cent in August, on a year-on-year basis.
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Emerging from 'very tough' 2nd wave, India keeps top global spot with 9.5% GDP growth
Business | Oct 12, 2021, 08:28 PM ISTIndia’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections.
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Expect more than 7 per cent growth for India this decade: CEA KV Subramanian
Business | Sep 30, 2021, 12:21 PM ISTDuring the current fiscal, CEA KV Subramanian said that growth would be in double-digits and it could moderate to 6.5 - 7 per cent in the next financial year.
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Government to borrow Rs 5.03 lakh crore in second half of FY'22 to fund revenue gap
Business | Sep 27, 2021, 08:37 PM ISTDuring the first half, the government has raised Rs 7.02 lakh crore by issuing bonds, the finance ministry said in a statement.
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Indian economy has bottomed out; formal sector may get back to pre-Covid level by year-end: Montek
Business | Sep 23, 2021, 07:45 PM ISTThe Indian economy grew by a record 20.1 per cent in the April-June quarter, helped by a very weak base of last year and a sharp rebound in the manufacturing and services sectors in spite of a devastating second wave of COVID-19 case.
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India expected to grow at 7.2% in 2021 but economic growth could decelerate next year: UN report
Business | Sep 16, 2021, 11:16 AM ISTThe UN report said that India suffered a contraction of 7 per cent in 2020 and is expected to grow 7.2 per cent in 2021.
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'Govt ready to do everything required to revive economy': Sitharaman | Top Quotes
Business | Aug 12, 2021, 05:17 PM ISTUnion Finance Minister Nirmala Sitharaman on Thursday said that the government is "ready to do everything required" to revive and support economic growth.
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Clear indications of economic revival in India despite COVID-19 disruptions: Piyush Goyal
India | Jul 25, 2021, 06:23 AM IST"In just the first six months of 2021, India has been to see 15 more unicorns," Piyush Goyal said.
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No more space for monetary steps, tough task ahead for RBI: SBI Report
Business | Jun 15, 2021, 10:08 AM ISTSBI Ecowrap report has suggested that the space for monetary accommodation is over, and the Reserve Bank of India (RBI) will face multiple challenges in terms of boosting India's growth rate.
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Jammu & Kashmir’s economy on brink of collapse: Omar Abdullah
India | Jun 08, 2021, 06:41 AM ISTNational Conference (NC) vice president Omar Abdullah on Monday said the economy of Jammu and Kashmir is on the “brink of collapse” as every sector in the union territory has suffered losses in the last two years
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Indian economy witnessing robust recovery: Piyush Goyal
Business | Jun 02, 2021, 11:10 AM ISTThe Union Minister said that in the recent past, due to the rapid rise in COVID-19 cases, industrial production was severely impacted due to lockdowns, non-availability of oxygen, migration of workers, and the spread of the Coronavirus amongst the workforce.
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India's GDP grows 1.6% in Jan-March; shrinks 7.3% in 2020-21
Business | May 31, 2021, 06:10 PM ISTIndia's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday.
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S&P slashes India's GDP growth forecast to 9.8 per cent for this fiscal
Business | May 05, 2021, 03:12 PM ISTS&P, which currently has a 'BBB-' rating on India with a stable outlook, said the depth of the Indian economy's deceleration will determine the hit on its sovereign credit profile.
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Second COVID wave poses downside risks to India's economic growth: S&P
Business | Apr 28, 2021, 04:25 PM ISTLast week another global rating agency Fitch had projected India's economic growth in current fiscal at 12.8 per cent, while Moody's Investors Service had earlier this month said that the second wave of COVID infections presents a risk to India's growth forecast, but a double digit GDP growth is likely in 2021.
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COVID has hit with fury; despite a year to prepare, we were caught off guard again: Sonia Gandhi
India | Apr 17, 2021, 02:22 PM ISTSonia Gandhi accused Centre of giving preferential treatment to some states while maintaining "thundering silence" on requests of states ruled by Congress and opposition parties.
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Reserve Bank of India retains GDP growth forecast at 10.5% for FY22
Business | Apr 07, 2021, 02:31 PM ISTThe IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic.