Economy

Steel Exports To Remain Low Amid Rising Domestic Demand: Rating Agency

Steel Exports To Remain Low Amid Rising Domestic Demand: Rating Agency

Edited by Nikita Prasad (With inputs from Agencies) | Wednesday March 03, 2021

The finished steel exports in January 2021 totaled 0.58 million tonnes, down six per cent month-on-month and 16 per cent year-on-year as producers focused more on domestic sales

Services Growth At One-Year High On Boom In Domestic Demand

Services Growth At One-Year High On Boom In Domestic Demand

Reuters | Wednesday March 03, 2021

Asia's third largest economy came out of a technical recession and expanded 0.4 per cent annually last quarter.

Imports Rise 7% To $40.55 Billion In February, Trade Deficit Widens To $12.88 Billion

Imports Rise 7% To $40.55 Billion In February, Trade Deficit Widens To $12.88 Billion

Edited by Nikita Prasad (With inputs from Agencies) | Tuesday March 02, 2021

India was a net importer in February 2021 with a trade deficit of $12.88 billion, as compared to a trade deficit of $10.16 billion in the corresponding month last year, improving by 26.74 per cent

GST Collections Crossed Rs 1 Lakh Crore Mark For Fifth Month In A Row

GST Collections Crossed Rs 1 Lakh Crore Mark For Fifth Month In A Row

Press Trust of India | Monday March 01, 2021

GST collections, which directly reflect the state of economic activity, had plummeted to a record low of Rs 32,172 crore in April 2020, after the government imposed a nationwide lockdown to curb the spread of coronavirus

Manufacturing Sector Records Growth For 7th Month, Momentum To Continue: Report

Manufacturing Sector Records Growth For 7th Month, Momentum To Continue: Report

Edited by Nikita Prasad | Monday March 01, 2021

The manufacturing sector has registered growth over the past six months and the PMI has shown activity recovery gathering steam.

Petrol Sales Increased 1.5% Last Month, Diesel Sales Fell 5.3%: Report

Petrol Sales Increased 1.5% Last Month, Diesel Sales Fell 5.3%: Report

Reuters | Monday March 01, 2021

State fuel retailers sold 2.22 million tonnes of gasoline and 5.81 million tonnes of diesel last month, the data provided by an industry source showed

Manufacturing Activity Ease In February; Firms Upbeat On Demand: Survey

Manufacturing Activity Ease In February; Firms Upbeat On Demand: Survey

Press Trust of India | Monday March 01, 2021

The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell marginally to 57.5 in February from 57.7 in January.

Chief Economic Advisor Backs Proposal To Bring Petrol Under GST

Chief Economic Advisor Backs Proposal To Bring Petrol Under GST

Press Trust of India | Sunday February 28, 2021

Chief Economic Advisor K V Subramanian, however, said the decision will have to be taken by the GST council.

Petrol, Diesel Prices Raised After A Pause Of Three Days On Saturday

Petrol, Diesel Prices Raised After A Pause Of Three Days On Saturday

Edited by Abhishek Vasudev | Saturday February 27, 2021

Prices of petrol and diesel were increased across the four metros in the country after a pause three days on Saturday.

Agriculture, Industrial Sectors Accelerate As India Posts 0.4% Growth In December Quarter

Agriculture, Industrial Sectors Accelerate As India Posts 0.4% Growth In December Quarter

Edited by Nikita Prasad (With inputs from Agencies) | Friday February 26, 2021

The agriculture and industrial sectors witnessed growth in the October-December quarter of the current fiscal, while the contact intensive services sectors registered de-growth

Experts See K-Shaped Recovery As GDP Grows 0.4% In December Quarter

Experts See K-Shaped Recovery As GDP Grows 0.4% In December Quarter

Reuters | Friday February 26, 2021

The economy exited recession after two consecutive quarters of contraction as the gross domestic product growth expanded by 0.4 per cent in the October-December quarter

Infrastructure Output Of Core Sectors Up 0.1% In January 2021

Infrastructure Output Of Core Sectors Up 0.1% In January 2021

Edited by Nikita Prasad (With inputs from Agencies) | Friday February 26, 2021

Infrastructure Output in January 2021: Coal, crude oil, natural gas, refinery products, as well as cement registered negative growth during the month, according to the Ministry of Commerce

India's GDP Grows At 0.4% After Two Quarterly Declines

India's GDP Grows At 0.4% After Two Quarterly Declines

Edited by Peter Noronha | Friday February 26, 2021

The GDP had contracted by a massive 23.9 per cent in the June quarter amid the pandemic-led nationwide lockdown and by 7.5 per cent during the September quarter

India Exits Recession With 0.4% Quarterly Growth

India Exits Recession With 0.4% Quarterly Growth

Edited by Peter Noronha | Friday February 26, 2021

The Indian economy has exited recession after two consecutive quarters of de-growth as the gross domestic product (GDP) expanded by 0.4 per cent in the three months ended December 2020 as against a contraction of 7.3 per cent in the September quarter. India is among the few major economies to post growth in the last quarter of 2020. For the full year, GDP is estimated to contract by 8 per cent in the financial year, the National Statistical Office (NSO) said in a press release.

April-January Fiscal Deficit Hits 66.8% Of Full-Year Target

April-January Fiscal Deficit Hits 66.8% Of Full-Year Target

Reuters | Friday February 26, 2021

Fiscal Deficit Target: Net tax receipts were Rs 11.02 lakh crore, while total expenditure was Rs 25.17 lakh crore, the data showed.