The Union government now expects the GDP to close FY21 with a contraction of 7.7%.
During July-September 2020, despite the GDP registering a negative output, the farm sector grew by a healthy and robust positive 3.4%
The pandemic has hit tax collections of the states and resulted in a near four-fold spike in their revenue deficits this fiscal over FY20, the report said.
Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply
The meeting, being organised by the government think tank Niti Aayog will be held virtually and will also be attended by Niti Aayog Vice Chairman Rajiv Kumar.
‘In India, growth is expected to recover to 5.4 per cent in 2021,’ the World Bank said
India may eventually regain its No. 5 rank among world economies. But the bounce-back won’t be risk-free.
Himachal Pradesh CM Jai Ram Thakur who completes three years in office this week, speaks about battling Covid and sustainable development in the hill state
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The growth projection for next year is kept at 8 per cent, with trends suggesting that the economy has begun to normalise.
GDP shrunk in April-September. But corporate profits zoomed, and were the highest-ever in history. Is this sustainable?
According to the RBI, the economy is likely to contract by 7.5% in 2020-21.
What the government may have overlooked is whether the country has enough local capacity to meet the healthcare needs of 1.4 billion people.
Economy had shrunk by 23.9% per cent in first quarter this fiscal because of coronavirus & resultant lockdowns
The respondents noted higher output during July-September as it rose to 24 per cent as compared to 10 per cent in the previous quarter.
The pandemic-induced lockdowns have led to a contraction of 23.9 per cent in the GDP for the April-June quarter as compared to the same period a year ago.
In his four-page letter in Hindi, PM Modi also said that better infrastructure and rule of law are imperative for social and economic prosperity.
Rajiv Kumar said India is committed to the global economy and opening trade order
With unlock, macroeconomic indicators have shown signs of revival, says Nirmala Sitharaman
Addressing the centenary convocation of the University of Mysore, Prime Minister Modi said that the current decade is filled with opportunities for the...
It estimated that the economy is likely to contract by 13.5 percent in the second quarter (July-September), and the contraction in FY21 (April 2020 to March...
The chart showed that the Indian economy is projected to contract by a massive 10.3 per cent this year, the highest contraction among the countries mentioned.
Factoring in population growth, however, income-per-capita in the region will remain 6 per cent below 2019 estimates, indicating that the expected rebound will...
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The trickle-down theory has limits. It helps the weaker sections, but enables the capitalists to gain the most.