Page 50 - India Economy

Coronavirus-hit Maharashtra economy to contract by 8% in FY21: Survey

Industry and services sectors bore the brunt of the pandemic-driven economic disruption

Frontloading of govt expenditure to drive private investment: Report

The government should prioritize executing infrastructure projects and frontload its spending during the first half of fiscal year starting April 1, to encourage private investment and support economic recovery, says a report. According to Dun & Bradstreet's latest Economy Observer, new private investment is also likely to remain constrained in the near term given that revival of both domestic and external demand remains uncertain. "The government should prioritize executing the infrastructure projects and frontload its spending during H1 of FY22 to encourage private investment. This along with the increase in hiring of employees by firms would support the recovery of demand," said Arun Singh, Global Chief Economist, Dun & Bradstreet. According to the D&B COVID-19 Commerce Disruption Tracker, as of end-January 2021, only 31 per cent of businesses in India remained disrupted, an improvement when compared to the July 2020 data of 81 per cent, and also over other major ...

Unleash animal spirits to put economy on recovery path: FM tells India Inc

Asks rating agencies to be mindful of relative spending spree of economies

Budget 2021 a big effort by govt to boost country's economic recovery: S&P

The rating agency, in a statement, said it currently sees no material effect from the Budget on India's key credit factors

An expansionary Budget, aimed at fostering growth and balanced development

The Budget has managed to "balance" the industrial development needs with those of the social and rural sectors

Economic Survey 2020-21 endorses continuation of expansionary fiscal stance

The Survey is also bullish about medium-term growth prospects, largely due to the expenditure support and various reforms.

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.