That could give an indication that another 1 percentage points could come in the months ahead to provide relief for those who need it, Rookmaaker said while addressing a Fitch Ratings webinar
The state gets additional elbow of Rs 35,000 crore amid lockdown
The OECD recently said the world hasn't seen such an economic crisis in a century
Telecom stocks are expected to remain active today as the Supreme Court will hear the AGR matter later in the day
India's GDP is unlikely to recover to its 2019-20 level until the second half of 2021-22
India is well aware that while globalisation is here to stay, its norms, however, may become different, says India's foreign secretary
The coronavirus pandemic, which has had nearly the entire world in its grips for at least three months now, seems to have thrown the Indian government's #GDP maths out of gear
Real gross value added (GVA) is expected to decline by 1.7 per cent this fiscal but record 6.8 per cent growth in 2021-22, supported by uptick in industrial and services sector activities
Real gross value added (GVA) is expected to decline by 1.7 per cent this fiscal but record 6.8 per cent growth in 2021-22, supported by uptick in industrial and services sector activities
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India's gross domestic product for the fourth quarter of the financial year 2020 grew at 3.1 per cent, its slowest pace in at least two years
While estimates varied across brokerages and economists, the common thread that ran through the estimates was the fact that the economy is headed towards a recessionary phase
The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago
For FY21, the SBI Ecowrap report has projected a 6.8 per cent contraction in the country's real GDP
According to Subbarao, the country is going to face its worst recession in the current financial year
Extension in lockdown, higher economic costs and an economic package that lacked muscle are the three key reasons why Crisil has downgraded the GDP forecast now
State governments were already faced with a lower-than-budgeted share in central taxes and subdued own revenue growth, when the 21 days economic lockdown was imposed from March 25
Given the severity of the situation due to the Covid-19 pandemic, the timing of rate transmission holds great significance.