Economic Growth

Fitch Sees India Growth At 2% In 2020-21, Slowest Since Economic Reforms

Business | Press Trust of India | Friday April 3, 2020

India may post GDP growth of 2 per cent in financial year 2021, the slowest pace since the economy was liberalised 30 years ago.

India GDP Growth Likely To Slow Down To 4% In 2020-21 On Covid-19: Asian Development Bank

Business | Press Trust of India | Friday April 3, 2020

India will stage a strong recovery in the next financial year on the back of its sound macroeconomic fundamentals, Asian Development Bank added.

Oil Sinks Below $30, May Fall Further As Recession Fears Weigh

Business | Reuters | Tuesday March 17, 2020

Oil fell below $30 a barrel on Tuesday to its lowest since 2016 as the coronavirus pandemic hits economic growth and oil demand while Saudi Arabia and Russia battle for market share. Countries including the United States and Canada, along with nations in Europe and Asia, are taking unprecedented steps to contain the virus, curbing demand for crude ...

Tourist Industry Sees Crisis Looming From Coronavirus Visa Ban

Business | Reuters | Thursday March 12, 2020

Government and industry sources said on Thursday they expected economic growth to slide for at least two quarters.

Sensex Rises Over 250 Points, Nifty Crosses 11,300 In Early Trade

Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday March 5, 2020

Analysts said the possibility of slower world economic growth due the the coronavirus pandemic, with mounting deaths across the globe, cannot be ruled out.

G7 Ready To Use "All Appropriate Policy Tools" Against Coronavirus Risk: Officials

World News | Agence France-Presse | Tuesday March 3, 2020

Top finance officials from the Group of Seven nations said Tuesday that they would use "all appropriate policy tools" to prevent the new coronavirus outbreak from damaging economic growth, following the rout on global stock markets last week.

G7 To Take 'Concerted Action' To Limit Coronavirus Growth Hit - France

World News | Reuters | Monday March 2, 2020

G7 countries will take "concerted action" to limit the impact of the coronavirus outbreak on economic growth and their finance ministers will discuss by phone this week how best to act, French Finance Minister Bruno Le Maire said on Monday.

Government Measures To Boost Economic Growth: SBI's Dinesh Khara

Business | Press Trust of India | Friday February 28, 2020

SBI managing director Dinesh Khara said the country requires an economic growth rate of 10-11 per cent in order to achieve the $5-trillion target.

Green Shoots Visible In Economy? Official GDP Data At 5:30 PM Today

Business | Edited by Peter Noronha | Friday February 28, 2020

Days after the government said "green shoots" are visible in the economy, official data on GDP or gross domestic product for the third quarter of current financial year will be released at 5:30 pm today. Many economists expect the annual GDP growth to pick up to 4.7 per cent in October-December from 4.5 per cent in the previous quarter, when it app...

India's GDP Growth Likely At 4.7% In December Quarter: Poll

Business | Reuters | Thursday February 27, 2020

In its annual budget presented earlier this month, the government estimated economic growth in the current fiscal year ending in March would be 5 per cent, the lowest for 11 years.

Daimler Warns Of 'Significant Adverse Effects' Of Virus Outbreak

Reuters | Saturday February 22, 2020

German luxury carmaker Daimler on Friday warned of risks for the economy and its own business from the outbreak of coronavirus that is spreading in China and around the world.

Facebook Invests in Indian Education Startup Unacademy

Indo-Asian News Service | Thursday February 20, 2020

Social media giant Facebook on Wednesday joined others such as General Atlantic and Sequoia India for a fresh $110 million round of funding into one of India's fastest growing education technology start-up Unacademy.

Coronavirus Poses Risks To Global Economy's Fragile Recovery: IMF

World News | Reuters | Thursday February 20, 2020

The coronavirus epidemic has already disrupted economic growth in China and a further spread to other countries could derail a "highly fragile" projected recovery in the global economy in 2020, the International Monetary Fund warned on Wednesday.

Coronavirus Could Damage Global Growth In 2020, Says IMF

World News | Agence France-Presse | Sunday February 16, 2020

The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow.

Economic Growth Set To Bounce Back As Slump Bottoms Out: Sanjeev Sanyal

Business | Reuters | Tuesday February 11, 2020

Sanjeev Sanyal said economic growth was set to accelerate to 6 per cent in the financial year beginning in April