Page 49 - India Economy

Covid-19: Depleting savings, falling incomes leave millions poor in India

Many economists are cutting their forecasts for the current fiscal year as rising unemployment and dwindling savings dim the chances of a double-digit growth

Second Covid-19 wave a downside risk in Q1, says Finance Ministry

Impact on the economy is expected to be muted compared to first Covid wave, says report

India's Covid-19 problem is now the world's problem

Leaders and scientists need to figure out what should be done to combat variants of the virus.

RBI announces loan relief, Rs 50,000 cr liquidity to tide over Covid

Central bank's 'immediate objective is to preserve human life and restore livelihoods', says Shaktikanta Das.

India's services growth slowed to 3-month low in April, input costs soared

Growth in India's dominant services sector eased to three-month low in April but remained unexpectedly resilient even as Covid-19 crisis intensified and cost pressures rose at fastest pace in 9 years

Targeted economic measures by RBI are for second wave of Covid-19

Central bank's measures to mitigate impact of the second wave of infections focus on healthcare.

'RBI in battle mode': Full text of Shaktikanta Das's speech on May 5

Central bank announces scheme allowing banks to support vaccine manufacturers, medical facilities, hospitals in Covid-19.

RBI governor to make unscheduled speech at 10am as Covid devastates India

Central bank had last year announced a series of measures to support the economy suffering the impact of a nationwide lockdown

Chamber asks FM Sitharaman for relief measures for trade, industry

The Indian Chamber of Commerce and Industry on Friday appealed to Union Finance Minister Nirmala Sitharaman for relief measures

India needs orderly resolution of stressed accounts to tackle Covid impact

Priority should be to safeguard all entities against the ravages of the second wave of the pandemic.

India's second Covid-19 wave may impede economic recovery, says S&P

(Reuters) - Credit rating agency S&P Global said on Wednesday the second wave of COVID-19 infections in India could impede the country's economic recovery and expose other nations to further waves of outbreaks.

India didn't plan; now Covid spike is sucking the oxygen out of its people

People risk not having access to a life-saving element as country struggles to cope with nearly 300,000 new daily coronavirus cases.

Cyclone Amphan resulted in $14 bn economic losses in India: UN report

Cyclone Amphan, which made landfall in May last year near the India-Bangladesh border, was the costliest tropical cyclone on record for the North Indian Ocean

Do top economics journals hold women authors to higher standards than men?

Since 1990, women comprise "only 11 per cent of all authors published in top economic journals" even though they make up between 20-30 per cent of the total number of economists

India sees job losses as states impose lockdowns to check new Covid-19 wave

Unemployment touched 8.6% for the week ending April 11, from 6.7% two weeks ago, showed data by CMIE.

India, China and US driving global growth: World Bank's David Malpass

David Malpass also expressed concern over growing inequality due to the Covid-19 pandemic

Manufacturing PMI falls to 7-month low in March as Covid cases rise

Employment declined in March, says report as central bank's committee meets for monetary policy.

World Bank ups FY22 GDP growth projection for India by 4.7 percentage pts

Pegs economic growth at 10.1%, also gives range of 7.5-12.5% given Covid-induced uncertainty

Markets slump as coronavirus cases rise, global recovery turns uncertain

Nifty ended at 14,549, with a decline of 265 points or 1.8 per cent. Sensex ended at 49,180, falling 871 points or 1.7 per cent.

Delhi's economy estimated to contract by 3.92 pc in FY'21: Survey

This is according to Delhi Economic Survey 2020-21