IMF now expected the world economy to fall less severely by 4.4 per cent than 5.2 per cent it projected earlier for 2020
The new schemes which will put an additional burden of Rs 40,000 crore on the government form 0.21 per cent of the GDP
Says the country is seeing rural economy coming back, is confident urban and metro economy will also grow
Says Indian economy could fare thrice as poorly as projected earlier in the wake of coronavirus-induced lockdowns and a decline in household income
Trade growth in Covid-19 related products was strong in June and July, showing the global economy's ability to help governments obtain supplies
This is assuming 10% contraction in India's nominal GDP; currency with public crossed Rs 26 trillion in mid September
Power generation numbers and Delhi emissions, too show economy may be turning the corner
The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators
Attributes move to continued spread of Covid-19 pandemic
Five of the eight high-frequency indicators compiled by Bloomberg News gained last month, while two were unchanged and one deteriorated
A historic process of deglobalisation is underway which can scuttle the growth of poor nations. Disturbingly, this shift has been met by silence or even encouragement by those who should know better
Deutsche raised its forecast for global GDP, expecting it to shrink 3.9% this year after predicting in May a contraction of 5.9% for 2020
Facing reversals on every front, anger against the govt, especially amongst the youth seems to be growing and this can create problems for the PM and BJP
The failure to get infections under control will set back business activity and consumption -- the bedrock of the economy -- which had been slowly picking up
High-frequency indicators show signs of gains amid talk of second wave
Given its constraints - virus, China and FRBM - it is doing all the right things, that too in the right sequence
The downward revision in India's forecast for FY21 comes on the heels of a sharp contraction in Indian economy in the April-June 2020 period
Attributes it to Covid-19 cases and lack of stimulus from govt
The Indian economy will contract by 9 per cent in 2020-21 as the coronavirus infections are yet to peak and the government is not providing adequate direct fiscal support, ratings agency Crisil said
Impact on wages to severely dent consumption and decelerate recovery, says India Ratings