Business Standard's own calculations suggest that the Centre's fiscal impact amounts to around Rs 2.28 trillion, or around 1.2 per cent of GDP.
Listing positives for India, Fitch Ratings said there was greater confidence in a sustained reduction in general government debt over the medium term to a level closer to the 'BBB' peer median
Six iterations of annual data over a three-year period raise serious questions about the reliability of national income data as a basis for sound policymaking
In its latest edition of the Global Economic Prospect, the World Bank downgraded its projection of India by a massive negative nine per cent
No doubt that economy will contract in Q1, Krishnamurthy Subramanian says
Having realised that there is really no contradiction between "jaan" and "jahaan", states are gradually reopening their economies. But they are locking the stable doors after the horses have bolted
India's January-March GDP growth sank to 3.1 per cent, a low not seen in at least 17 years
The first such dialogue was held on April 30 when Gandhi discussed the coronavirus pandemic and its economic implications with former Reserve Bank of India governor Raghuram Rajan.
Stock markets generally discount an outcome a few months in advance. They might have seen the bottom in March, unless a more ferocious second wave results in a fresh lockdown, writes Ambareesh Baliga
Interestingly, all the 50 Nifty components have delivered positive gains during this period.
The change brings Moody's rating into line with Fitch and Standard and Poor's, both of which rate India BBB-, although they assign stable rather than negative outlooks
While this downgrade will not affect the sovereign as it does not borrow overseas, it will however affect Indian companies borrowing from abroad
In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter
In an interview, Pronab Sen tells Business Standard that the resource crunch of the Centre is over-stated and it should now come out with more stimulus to spur the economy
India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.
According to Subbarao, the country is going to face its worst recession in the current financial year
The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan
Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"
The first Advance Estimates, released in January for the purpose of Budget preparations, pegged the economic growth rate at 5 per cent in 2019-20.
The poll of 52 economists, taken May 20-25, indicated India's economy grew at 2.1 per cent in the March quarter from a year ago, its weakest.