Page 51 - India Economy

Fitch forecasts 5% contraction of Indian economy over slump, lockdown

Fitch said it has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO) for May, but the slump in global economic activity is close to reaching its trough

Global agency DBRS Morningstar assigns BBB sovereign ratings to India

A BBB rating means that "the capacity for the payment of financial obligations is considered acceptable. May be vulnerable to future events"

Covid-19 impact: JSW Energy puts GMR Kamalanga acquisition on hold

In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.

Small businesses to taxpayers get share in govt's stimulus package

Dates for filing income tax returns and other assessments extended as Finance Minister lists details of Rs 20 trillion help for economy.

Maharashtra govt announces measures to meet expenditures, shore up revenue

The state's finance department on Monday issued a government resolution (GR) outlining a slew of measures it has undertaken to prevent its coffers from getting depleted further

Bengaluru's tent house owners, wedding organisers bearing brunt of lockdown

The event managers and organisers are incurring huge losses as most of the wedding events were scheduled to be organised during the summer season

Letter to BS: Any delay in unshackling the economy could be harmful

The situation demands side-pocketing of the provisions of the Fiscal Responsibility and Budget Management Act, urgent clearance of goods and services tax dues to the states

Covid-19 fallout: UBS pegs FY21 India growth at -0.4%, a four decade low

The worst-case scenario, assumes that coronavirus (Covid-19) will continue to spread, possibly in waves, all the way through to mid-2021

China slams India's move to scrutinise FDI, calls it discriminatory

New Delhi effectively closed on Saturday the "automatic route" of investing for Chinese firms and individuals.

India's exports fall almost 35% in March, drop 4.78% in FY20

Trade deficit narrowed to $9.76 billion in march this year from $11 billion in the same month last year.

India to grow at 1.9% in FY21, recover to 7.4% path in 2021-22: IMF

The country will still be the fastest growing large economy this financial year, but it will lose that tag next year to China, says the agency.

The long shadow of FY20 on Centre's finances can not be missed by anybody

There may be no official word yet on how the Centre's tax revenue assumptions for the current year have gone awry

India macroeconomic outlook set to worsen if lockdowns continue: Jean Dreze

According to Fitch Ratings, India may post in 2020-21 a GDP growth of 2%, the slowest since the economy was liberalised 30 years back.

Deja vu: a series of economic shocks that's similar to the 1960s

Handing over control to bureaucrats in the 1960s strangled the Indian economy. The error must not be repeated, writes TCA Srinivasa-Raghavan.

Global spread of coronavirus to affect economic growth significantly

There is a higher than usual degree of uncertainty around the forecasts, admits Moody's Investor Services

Investors should stay away from firms in sectors impacted by coronavirus

For an investor through the systematic investment plan route, timing does not matter so much

3 reasons why the fall in crude oil prices may not be good news for India

The fall in oil prices comes at a time when the global economy is already reeling under the impact of coronavirus, which has dented demand across sectors and economies

Govt performance shows strong leadership no guarantee for good economics

The data and the feel after six years under PM Modi prove a strong leader doesn't necessarily give us decisive economic leadership unmindful of immediate political risks

Consumption growth print for Q3FY20 GDP not in sync with quarterly earnings

With limited monetary policy space, India-Ratings and Research believes the Reserve Bank of India will continue to focus on monetary transmission through long-term repo operation/operation twist

Steadiness in economy is good sign: Sitharaman as GDP growth stands at 4.7%

GDP growth was registered at 5.6 per cent in the corresponding quarter of 2018-19, as per data released by the NSO