After Covid-induced lockdowns crippled lives and livelihoods, the first quarter GDP figures seemingly look like the harbinger of good news. But the surge in growth figures were primarily driven by low base of last year, which makes the jump look significant.
The deficit figures this fiscal appear much better than the previous financial year, when it soared to 103.1 per cent of the estimate, mainly on account of a jump in expenditure to deal with the COVID-19 pandemic.
Abhijit Banerjee said that boosting the state's economy is directly related to the revival of the country's economy as it is under stress due to the ongoing pandemic situation.
For 2022-23, IMF expects economic growth of 8.5 per cent, larger than the 6.9 per cent it had projected in April.
The economy contracted by 7.3 per cent when the financial year ended on March 31, 2021.
The Government of India has resorted to introducing grand-sounding schemes intended to hide the Union’s pathetic performance on feeding the poor during the period of Covid.
The global lender projected a 7.5 per cent economic growth for India in the 2022-23 fiscal
The GDP in Asia's third-largest economy grew by 1.6% in the January-March period, up from 0.5% in the previous quarter when India began pulling out of a steep pandemic-induced recession in the earlier six months.
In 2020-21, the Indian economy contracted by 7.3 per cent against 4 per cent expansion in 2019-20, showing the economic impact of the Covid-19 pandemic.
The Covid-19 crisis amplified pre-existing gender gaps and the asymmetric power-relations between men and women. And this has a major impact on health and nutrition.
According to the World Bank, India’s economy has bounced back but it is not out of the woods yet.
Moody's saw real GDP growth of 12 per cent in the 2021 calendar year, partially due to a low base-year comparison.
The gross domestic product (GDP) had expanded by 3.3 per cent in the corresponding period of 2019-20, according to the data released by the National Statistical Office (NSO).
According to the latest Economic Survey 2021, GDP has risen to 17.8 per cent for the fiscal year 201-2020.
The corporate sector has already been given enough attention in previous budgets. It’s now time to give some much needed relief to salaried middle class.
India's economic growth is forecast to be 7.3 per cent in 2021, the fastest-growing major economy with only China coming in a close second
India has the second-highest additional employment potential at about 23 lakh, after the US at close to 27 lakh
The Union government now expects the GDP to close FY21 with a contraction of 7.7%.
Devotees offer prayers after taking holy bath in Ganga river during 'Anant Chaturdashi', in Patna.PTI Photo
Ferry carrying sand crosses river Ganga despite state government's ban on sand mining in Patna.PTI Photo
Candidates undergo security checking as they arrive to appear in the Rajasthan Pre-University Veterinary Test (RPVT) exam at a government law college in Bikaner.PTI Photo
Employees of State Bank of India (SBI) North-East circle perform yoga as part of the celebration of 'Azadi Ka Amrit Mahotsav' in Guwahati.PTI Photo
Devotees carry an idol of Lord Ganesh for immersion in the Tawi river, in Jammu.PTI Photo
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