Monday morning traffic is still over 40% below 2019 levels in key cities
India recorded a current account surplus of 3.1 per cent of the GDP in the first half of the fiscal as against a deficit of 1.6 per cent in the corresponding period of 2019-20
Budget 2021 must overhaul the existing FRBM Act to set feasible targets on deficit and debt
The US economy expanded at a 33.4 per cent annual pace from July through September, the Commerce Department said, delivering the last of three estimates on the economy's third-quarter performance.
India's GDP growth is likely to turn positive at 0.1 per cent in the October-December quarter, economic think-tank NCAER said
In a meeting, chaired by FM Sitharaman, it noted that a multi-pronged strategy involving relevant stakeholder institutions and departments is required in this regard
Exports fell sharper at 8.7% in November from 5.1% in October, as demand remained muted in major overseas markets due to Covid-induced lockdowns
Workplace visits are rising again
The key sectors that will drive growth are infrastructure, manufacturing, healthcare, education and insurance, Kohli added
The economy contracted by 23.9 per cent in June quarter of the current fiscal on account of the impact of the coronavirus pandemic
The projections compare to a GDP growth of 4.2 per cent in 2019-20 (April 2019 to March 2020) fiscal and 6.7 per cent annual expansion between 2015 and 2019
The members of the Reserve Bank of India's fourth bi-monthly monetary policy Committee began their three-day meeting today, and are expected to announce the outcome on Friday
Chambal Fertilisers may rally towards Rs 240 if it sustains above Rs 200 levels.
S&P Global Ratings on Monday retained its forecast of 9 per cent contraction in the Indian economy for the current fiscal, saying even though there are now upside risks to growth but it will wait for more signs that COVID infections have stabilised or fallen. S&P, in its report on Asia Pacific, projected the Indian economy to grow at 10 per cent in the next fiscal. "We retain our growth forecast of negative 9 per cent in fiscal 2020-2021 and 10 per cent in fiscal 2021-2022. While there are now upside risks to growth due to a faster recovery in population mobility and household spending, the pandemic is not fully under control. "We will wait for more signs that infections have stabilised or fallen, together with high-frequency activity data for the fiscal year third quarter, before changing our forecasts," S&P said. According to the official data released last week, Indian economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped ..
Government data released on Friday showed the economy shrank 7.5% in the July-September quarter, performing better than analysts' expectation of an 8.8% contraction
The economy contracted 7.5% in the July-September quarter
The read-out for the September quarter was better than the 8.8% contraction forecast of analysts in a Reuters poll.
Some investors are playing the momentum game in stocks
The gain was the largest quarterly gain on records going back to 1947
The decision to stay out of the Regional Comprehensive Economic Partnership has the potential to become in the long term one of the Modi govt's major blunders. T N Ninan explains why