Weekly economic indicators show a rise in economic activity in days leading up government announcing easing coronavirus lockdown
SGX Nifty, which is up 130 points, is indicating a stronger opening for the Indian indices today
As India moves to open up the country, investors look at sectors that have been resilient. Puneet Wadhwa charts sectors that are expected to do well in the next few months
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
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
However on the extreme ends, Bernstein pegged fall in the gross domestic product (GDP) at 7 per cent and Asian Development Bank projected GDP growth at 4 per cent
The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent
A stubborn government has no choice and must listen to experience and wise counsel, says Chidambaram
Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.
He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances
The Sensex closed at 31,715, down 2,002 points, or 5.94 per cent - its biggest single-day loss since March 16.
Here are the top 10 business headlines this morning
The sharp deceleration in growth and increased income uncertainty is certain to pull demand down, it says
At present, the country is under a 40-day lockdown till May 3, and there are indications of it being gradually withdrawn.
Meanwhile, CRISIL has cut estimates of India's FY21 economic growth rate to 1.8% from earlier 3.5%
The rating agency predicted two consecutive quarters of contraction or negative year-on-year growth in current fiscal -- (-)0.2 per cent in April-June and (-)0.1 per cent in July-September
'The burden of unsold inventory of over half a million housing units in the top 7 cities will worsen due to impact of the pandemic. Business process re-engineering will hold the key to the future'
New ones should build their allocation gradually upon corrections
Analysts have already predicted that due to the lockdown, India's economic loss will be close to $ 234.4 billion or 8.1% of GDP
Tackling Covid-19 should open the door for urgent economy-wide reforms