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  Indian economy witnessing strong recovery: Sitharaman

  Business | November 12, 2020 13:45 IST

  The Indian economy is witnessing a strong recovery after a long and strict lockdown, Finance Minister Nirmala Sitharaman on Thursday said.

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  Economy expected to bounce back from next fiscal: SBI Chairman

  Business | November 07, 2020 14:35 IST

  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.

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  Have reached pre-COVID-19 level, Modi govt working on another stimulus package: Fin Secy

  Business | November 02, 2020 9:54 IST

  Finance Secretary Ajay Bhushan Pandey has indicated that the Modi government is working on another stimulus package.

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  Will take all measures needed to constantly stimulate economy: PM Modi - Top Points

  India | October 29, 2020 11:53 IST

  The last six years have seen the spirit of competitive and cooperative federalism in all our actions. A country as large as ours cannot develop only on the one pillar of the Centre, it needs the second pillar of states, Prime Minister Narendra Modi has said.

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  ‘Bangladesh set to overtake India’: Rahul targets Modi govt over IMF's per capita GDP projections

  India | October 14, 2020 21:56 IST

  Earlier on Tuesday, the IMF projected that India is set to drop below Bangladesh in terms of per capita GDP as the economy is projected to contract by a massive 10.3 per cent this year.

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  Indian economy to contract by 10.3% in 2020; to bounce back with 8.8% growth in 2021: IMF

  Business | October 13, 2020 20:18 IST

  The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday.

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  India's recovery gains momentum on economic package: DEA

  Business | October 04, 2020 18:24 IST

  The economic recovery of India has gained momentum due to the "Aatmanirbhar Bharat" economic package announced in May, said a report by the Department of Economic Affairs (DEA).

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  Amid COVID-19 impact, Indian economy forecast to contract 5.4 per cent in 2020: UN

  Business | September 23, 2020 9:32 IST

  Impacted by disruptions caused by the COVID-19 pandemic, India's economy is forecast to contract by 5.9 per cent in 2020, the UN has said in a report, warning that while growth will rebound next year, the contraction is likely to translate into a permanent income loss.

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  Indian economy to shrink 9 pc in FY21: ADB

  Business | September 15, 2020 12:47 IST

  India's coronavirus-battered economy will shrink by 9 per cent this fiscal, the Asian Development Bank (ADB) predicted on Tuesday saying growth outlook remains highly vulnerable to either a prolonged outbreak of the pandemic or a resurgence of cases. This will be the first time in four decades that the Indian economic growth will contract.

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  Fitch projects Indian economy to contract 10.5 per cent this fiscal

  Business | September 08, 2020 10:57 IST

  Fitch Ratings on Tuesday projected a massive 10.5 per cent contraction of India''s economy in the current financial year. India recorded one of the sharpest gross domestic product (GDP) contractions in the world in April-June.

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  Downside risks for FY21 significant as duration of COVID-19 pandemic is uncertain: RBI

  Business | July 24, 2020 18:58 IST

  The RBI had earlier said the country's GDP will contract in FY21, but did not give any number on the same, even as analysts are pegging a negative growth of up to 9.5 per cent.

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  Impact of Coronavirus Pandemic on India's Economy

  News | July 17, 2020 12:37 IST

  Due to coronavirus pandemic India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1%. The Chief Economists at the World Economic Forum answers how long will it take for India to recover from this?

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  Indian economy to contract 10% this fiscal: Former finance secretary

  Business | June 02, 2020 23:08 IST

  Former finance secretary Subhash Chandra Garg on Tuesday said the Indian economy will shrink by 10 per cent or Rs 20 lakh crore in the ongoing fiscal, the first contraction in over 40 years, due to a "faulty" COVID lockdown.

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  Indian economy to contract 5 pc in FY21: S&P assumes COVID-19 peak by third quarter

  Business | May 28, 2020 13:14 IST

  S&P said India has limited room to maneuver on policy support. The Reserve Bank of India has cut policy rates by 115 basis points but banks have been unwilling to extend credit. Small and mid-size enterprises continue to face restricted access to credit markets despite some policy measures aimed at easing financing for the sector.

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  India likely to slip into recession in third quarter this fiscal

  Business | May 24, 2020 12:50 IST

  The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report. According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

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  PM Modi's Rs 20 lakh crore package will reset Indian economy, says CEA Sanjeev Sanyal

  News | May 13, 2020 12:57 IST

  Speaking ahead of Finance Minister Nirmala Sitharaman's press briefing at 4 pm today, Sanjeev Sanyal said that the Rs 20 crore economic stimulus package will see significant changes for Land, Labour and Law.

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  Give money directly to people to revive economy: Abhijeet Banerjee to Rahul Gandhi

  Business | May 05, 2020 11:25 IST

  Congress leader Rahul Gandhi in his series of interaction with economic leaders have now spoken to Nobel laureate Abhijeet Banerjee who has suggested that people should be given money directly if the government wish to revive the economy fast.

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  'No Yes Bank,' says Rahul, accuses government of 'destroying' economy

  Business | March 06, 2020 13:50 IST

  "No Yes Bank," Congress leader Rahul Gandhi said on Friday, taking a dig at the BJP-led government over the moratorium placed on Yes Bank, and alleged that Prime Minister Narendra Modi and his "ideas" had destroyed the country's economy.

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  Around Rs 10.52 lakh cr of corporate debt at risk of default due to slowdown, GDP at 7-year-low

  Business | March 02, 2020 16:27 IST

  The GDP growth slowed down to a nearly seven-year low of 4.7 per cent in October-December 2019, according to the data released by the National Statistical Office (NSO)

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  How could coronavirus outbreak in China, if not contained now, imperil India’s economic recovery?

  Business | February 14, 2020 17:51 IST

  As India faces a challenging economic situation, having experienced six successive quarters of negative GDP growth, a disruptive shock in supply chains from a major economic partner like China will only compound economic woes