Analysis of Google data shows office visits have declined over the last month
"There could be a 7-9 per cent on-year rise in sales tax receipts to Rs 1.96 trillion, despite an expected 25 per cent fall in collections in the first quarter on-year," it said in a note
An analysis of seven major economies, including India seems to suggest that all, save China, are struggling to turn around
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Economy already headed for its worst slump in more than four decades, with the International Monetary Fund estimating the nation's GDP will shrink 4.5% this year.
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RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones, he says
India is well on the path to a recovery from a trough in April, says Ministry report
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Goyal said several indicators are reflecting that the economic activities are reviving in the country
But, its momentum could be petering out well before the recovery is complete
A survey showing manufacturing activity across the euro zone expanded last month for the first time since early 2019 and positive manufacturing data in Asia also boosted oil
While the near-term economic data may continue to remain weak, the markets, through volatility, may continue to do well, amid disbelief
GST collections in July were 4 per cent lower than June 2020 as well
Oxford Economics,in a report titled 'India: A reopening gone wrong', said the central government's attempts to restart the economy are already running aground
Senate Majority Leader Mitch McConnell calls the proposal a 'tailored and targeted' plan focused on getting children back to school and employees back to work
After a record slump early in the year, China's economy rebounded more than expected in the second quarter
A recent note brought out by Credit Suisse says that net gain from the government support measures may be just Rs 7,500 crore a month
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Wood suggests that moratorium could trigger a consumer lending non-performing loans (NPL) cycle