'We don't anticipate a scenario of high inflation getting generalised, high asset prices not feeding price rise,' says RBI Governor
From vehicle sales taking a beating in August to Jet Airways' plans to resume service by early 2022, Business Standard brings you the top headlines at this hour
Comes in the backdrop of 0.7% growth in India's annualised GDP at current price
Growth yet to get back to pre-covid level, CEA sees it happening next year
Non-tax revenues such as dividends from RBI and public sector banks yielded Rs 1.39 trillion
Distorted base of last year's stringent nationwide lockdown obscured devastation of second wave of Covid-19 that came with staggered state-wise curbs in Q1 of current fiscal
GDP data re-affirms govt's prediction of an imminent V-shaped recovery, says K V Subramanian
Second wave damped hopes of recovery in Q1
The rebound came despite the drag from the deadly second wave of the coronavirus, which forced states across India to reimpose localised lockdowns
These growth numbers will moderate going ahead, as the base effect becomes weaker provided there are no further lockdowns
The growth was projected on a low base of 24.4 per cent contraction in the gross domestic product in Q4 of the previous financial year.
Expects higher gross domestic product at current prices and revenues in the current financial year than projected earlier, despite impact of the second wave of Covid-19
Reuters poll of 41 economists confirmed gross home product rose 20.0% in the three-month interval, in contrast with a record contraction of 24.4% in the identical quarter a year earlier
The country's gross domestic product (GDP) was lower in 2020 than in 2013
"It is likely that the economy will contract sharply this year," Anwita Basu, head of Asia Country Risk at Fitch Solutions
For a one percentage point reduction in inflation, 1.5-2 percentage points of GDP have to be foregone
The IIP was up 45 per cent in the first quarter due to the 134.63 per cent rise in April owing to a low base
Many analysts expect growth to remain modest in the current quarter as state of emergency curbs re-imposed to combat a spike in infections weigh on household spending
Says given the scale of India's infra deficit, the company is optimistic about govt's intent to complete projects as envisaged in the National Infrastructure Pipeline
Forecasts for gross domestic product were raised to a 9.2% expansion in the fiscal year ending March 2022, from the previous 9%, while the gross value added outlook edged down slightly to 9%.