Page 48 - India Economy

Economic Survey 2020-21 prioritises growth over fiscal consolidation

India's recovery can be faster than many other economies if the budgetary allocations are appropriately prioritized, writes D K Srivastava.

Economic Survey pegs India's real economic growth in 2021-22 at 11%

India's economy could contract 7.7 per cent in the financial year that ends on March 31, the survey said.

Reality check on economic surveys: A case of hits and misses on GDP numbers

Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark

No surprises in first advance estimate of GDP, govt expenditure crucial

Rural economy is helping consumption demand, but it is inadequate to compensate for the loss of urban demand.

India's manufacturing sector ends 2020 on brighter note; Dec PMI up at 56.4

India's factory sector ended a rough 2020 on a stronger note as manufacturers boosted production to meet rising demand, a private survey showed on Monday

It's a mystery why economists persist with imperfect methods of economics

The most important part of economics is its method. In the first of a three-part series of columns, T C A Srinivasa Raghavan looks at how it is going about its business now as opposed to the past

MPC should have said little sustained inflation will be good for economy

Keynesian expansionism of central bank balance sheets has run its course; the marginal benefits from it will be negligible.

India emerging as most preferred destination for mobile manufacturing: PM

Prime Minister Narendra Modi said that India is emerging as the most preferred destination for mobile manufacturing

India hopes for resuming Iran oil imports as Biden presidency nears

India halted its imports from Iran, previously its third-largest oil supplier, in mid-2019 after the expiration of US exemptions.

Rupee rises 16 paise to 73.77 against US dollar as RBI keeps rate unchanged

The rupee appreciated by 16 paise to 73.77 against the US dollar in the opening session as the Reserve Bank of India maintained status quo on benchmark interest rate for the third time in a row

Q2 GDP impact: Experts scale up full-year projections for FY21

While the economy will still see a fall in FY21, it is likely to be less pronounced than what experts had forecast earlier

India's fiscal deficit stands at 120% of annual target at October-end

The deficit widened mainly on account of poor revenue realisation.

Indian economy shrinks for second quarter in a row, shows signs of pick-up

The economy contracted 7.5% in the July-September quarter

Expert views on India's economy shrinking 7.5% in July-Sept quarter

The read-out for the September quarter was better than the 8.8% contraction forecast of analysts in a Reuters poll.

India's economy may continue to face Covid-19 aftershocks till 2025: Report

HSBC Holdings Plc said India's potential growth could drop to 5% in the post-pandemic world from 6% on the eve of the outbreak and more than 7% before the global financial crisis

Borrowing costs ease for NBFCs after RBI pumps more cash in credit market

India's central-bank move to pump more cash in the credit market has improved the health of shadow lenders, helping to assuage concerns about their revival prospects

India pulled out of RCEP as concerns not addressed: EAM S Jaishankar

India pulled out of the Regional Comprehensive Economic Partnership (RCEP) last year as joining it would have resulted in fairly negative consequences for the country's economy, Jaishankar said

Diwali cheer for auto, durable makers as need for convenience drives sales

While retailers, manufacturers said that sales growth has been in double-digits for home and kitchen appliances during the Diwali period this year, car dealers say some models have stocked out

As world signs mega FTAs, India simply can't afford to turn protectionist

If India misses out on attracting some of the new global trading infrastructure, it could be locked out of several years of growth

Gig workers need to register, update info for social security: Draft rules

Gig firms will have to submit contribution towards a fund through self-assessment by June 30 each year