China is not just firm at the No. 2 spot, but is nearing the US fast
Given the level of economic decline, it is reasonable to expect the government to significantly increase spending and support economic activity
India's economic recovery would be sharper compared to Asian peers
Rating agency expects GDP to decline by 11% in FY21; this will trickle down into lower demand for the automotive industry in general
Under UPA 2, the sources said that it had increased from Rs 65,394 in 2009-10 to Rs 78,348 in 2013-14 which is an increase of 19.8 per cent.
IMF predicts a sharp economic recovery in India next year, which is likely to push per capita GDP ahead of Bangladesh in 2021 by a small margin.
Redirecting LTC to buy consumer goods a dampener for tourism, says industry
Parekh, the non-executive chairman of mortgage lender HDFC, said residential housing sales for this quarter have gone up by 34 per cent as people are buying ready-to-move-in apartments
Some major indicators raise hopes but there are segments showing that revival is still nascent
He, however, said that the country will see a revival in growth in the July-September quarter of the current fiscal
Power generation numbers and Delhi emissions, too show economy may be turning the corner
Attributes move to continued spread of Covid-19 pandemic
Here's a selection of Business Standard opinion pieces for the day
Lower inflation next year may open the space for rate cut, but for now the challenge is seeing through the government borrowing and keeping the bond yield low
Agency sees major economic recovery in 2021, normalisation by fiscal 2022; also refers to weak fiscal settings, such as elevated govt deficits and indebtedness, low per capita income
Citing an example, he said earlier the market depended on China and Vietnam for bamboo for making incense sticks (agarbatti), but now the duty has been increased to 25 per cent
All the remaining three quarters of 2020-21 were projected to witness a fall in the gross domestic product (GDP), NCAER said
"The stable outlook reflects our view that India's contraction in fiscal 2021 will be followed by a significant recovery, which will stabilise the country's broader credit profile," said S & P
Unless we address the pandemic sweeping India, our economic recovery would remain uncertain and stunted.
As demand rises, supply would increase correspondingly and so would employment and overall growth