Indian Economy

S&P Retains India's Forecast At 9% Contraction For 2020-21

Business | Edited by Nirmalya Sen (with inputs from agencies) | Monday November 30, 2020

Reserve Bank of India in October projected India's economy to contract by 9.5 per cent this fiscal year

Q2 GDP Data: How Does India Compare With Major Economies In July-September Quarter?

Business | Edited by Nikita Prasad | Saturday November 28, 2020

India Q2 GDP Data: As per a CARE Ratings report, the contraction in the economic growth during July-September quarter has been sharper than most other major economies.

Q2 GDP Data Key Highlights: Experts See V-Shaped Recovery As GDP Contracts 7.5%

Business | Edited by Nikita Prasad | Saturday November 28, 2020

India Q2 GDP Data Key Highlights: Agriculture, manufacturing, and electricity were the three sectors which showed a V-shaped recovery in terms of growth

With GDP Slump Of 7.5%, India Now Among Worst Performing Major Economies

Business | Edited by Nikita Prasad (with inputs from agencies) | Saturday November 28, 2020

Q2 GDP Data: International Monetary Fund has predicted that the economy would contract by 10.3 percent this year, the biggest slump for any major emerging economy

India Enters Recession With Back-To-Back GDP Contraction Amid Covid Crisis

Business | Vrishti Beniwal and Karthikeyan Sundaram, Bloomberg | Friday November 27, 2020

Financial and real estate services -- among the biggest component of India's dominant services sector -- shrank 8.1 per cent last quarter from a year ago

GDP At -8.2% Likely, Sharp Rebound Despite Recession, Say Analysts

Business | Vrishti Beniwal, Bloomberg | Friday November 27, 2020

Data due Friday will likely show gross domestic product declined 8.2 per cent in the three months through September, according to economists surveyed by Bloomberg.

Indian Economy Probably Picked Up In September Quarter On Vaccine Hopes: Poll

Business | Reuters | Friday November 27, 2020

Economists in a Reuters poll forecast gross domestic product in Asia's third largest economy to shrink 8.8 per cent in the September quarter, after a contraction of 23.9 per cent in the previous quarter, amounting to a technical recession.

Indian Economy To Escape Recession Early Next Year On Vaccine Hopes: Reuters Poll

Business | Reuters | Wednesday November 25, 2020

India's economy is expected to recover early next year from recession, but at a modest pace, according to a majority of economists in a Reuters poll who said their upgraded growth predictions were based on the progress of COVID-19 vaccines

Jobs Market On Rebound, Pre-Covid Levels Likely By Year-End: Top Firm

India News | Vrishti Beniwal, Bloomberg | Monday November 23, 2020

Jobs are returning in India as the economy recovers from lockdown-related losses, according to the head of a top staffing firm. Quess Corp, which claims to be India's largest private-sector employer providing staffing services to companies, saw its workforce rise in October for the first time since the coronavirus outbreak. Its numbers had dropped ...

Oil Firms Need To Bring In Foreign Players To Open Resources: Oil Minister Pradhan

Business | Reuters | Tuesday November 17, 2020

India's exploration licensing rounds have so far seen a lukewarm response from global oil majors

India's Economy May Be Recovering Faster Than Expected: Oxford Economics

Business | Edited by Nikita Prasad (with inputs from agencies) | Sunday November 15, 2020

Inflation is expected to average significantly above 6 per cent in the fourth quarter of the current fiscal and the RBI may hold policy rates in December monetary policy review meeting.

After Recession Warning, Government's New Moves On Economy: 10 Facts

India News | Edited By Debanish Achom | Thursday November 12, 2020

The government today announced new measures to support the manufacturing sector and create jobs after the Reserve Bank of India said the country was set to enter a recession with estimates of another quarterly contraction. The country's economy has been badly hit by the coronavirus pandemic, with growth shrinking by a record 23.9 per cent between A...

India's GDP To Shrink By 8.9% In 2020, Says Moody's

Business | Edited by Abhishek Vasudev (with inputs from Reuters) | Thursday November 12, 2020

The government announced a fresh round of stimulus taking the total to around 29.88 lakh crore or 15 per cent of the GDP to help pull the economy.

Atmanirbhar Bharat 3.0 Adds Diwali Sparkle To Realty: Property Consultant

Business | Edited by Nikita Prasad | Thursday November 12, 2020

As part of the announcement, the first-time buyers of houses pricedup to Rs 2 crore will get income tax relief of up to 20 per centand this will be available till June 30, 2021.

On India-In-Recession Report, Rahul Gandhi Blames "Mr Modi's Actions"

India News | Reported by Sunil Prabhu, Edited by Harish Pullanoor | Thursday November 12, 2020

Congress leader Rahul Gandhi today attacked Prime Minister Narendra Modi over reports that, for the first time in history, the India economy may have entered a technical recession in the first half of 2020-21.