[ad_1] Niti Aayog vice chairman Rajiv Kumar has said that India will touch double-digit growth in 2021-22 The economy will register a double-digit growth in the current fiscal and the disinvestment climate also looks better, Niti Aayog Vice Chairman Rajiv Kumar has said, even as the country’s economy shrunk in 2020-21. He also asserted that […]
[ad_1] Second Coronavirus wave in India has led to a rise in household debt stress The beginning of second Covid-19 wave has resulted in significant deposit outflows from banking system in alternated fortnights, the pace of which has now again moderated, according to a report from State Bank of India’s (SBI) economic research department. It […]
[ad_1] India GDP Data 2020-21: The country’s GDP grew by 1.6 per cent in the last quarter of fiscal 2021 The Indian economy is likely to grow by 8.7 per cent in the current fiscal year 2021-22, projects domestic brokerage firm Motilal Oswal. The firm trimmed its projection of the real gross domestic product (GDP) […]
[ad_1] CII president T V Narendran has called for ramping up vaccine production to boost economy The industry body Confederation of Indian Industry (CII) has advocated for a Rs 3 lakh crore fiscal stimulus to boost demand in the economy and said that accelerated vaccination is the key to faster economic recovery. Addressing a press […]
[ad_1] Due to physical restrictions, household savings rose almost around the world last year As people were forced to remain indoors for most of the year due to the lockdowns, there was an unlikely winner in the pandemic-ravaged year — household savings — which rose to 22.5 per cent of GDP from 19.8 per cent […]
[ad_1] Economic stimulus needed to mitigate impact of pandemic With sharp recovery in the key economic and business indicators in the third quarter of 2020-21, the economy has returned to the pre-Covid levels in the fourth quarter of 2020-21, however, Government should act swiftly to support the emerging growth scenario by providing substantial stimulus and reform […]
[ad_1] The revision of the economic growth assumes that the second wave will begin to subside by mid-May 2021. Amid the second wave of COVID-19 in the country, leading credit rating agency India Ratings and Research or Ind-Ra revised the real gross domestic product (GDP) growth forecast for the financial year 2021-22 to 10.1 per cent […]
[ad_1] Fitch revised its inflation rate forecast to an average of 5 per cent in fiscal 2021-22 Fitch Solutions has revised its forecast for the Reserve Bank of India (RBI) to keep its policy repurchase (repo) rate on hold at 4 per cent over the course of FY22 (April 2021 to March 2022) from its […]
[ad_1] Downside risks remain high as coronavirus cases touched a peak not seen since October 11. India’s economy will grow at a faster pace this fiscal year than previously thought, according to a Reuters poll of economists who warned a surge in coronavirus cases was the biggest risk to growth. Downside risks remain high as […]
[ad_1] The private sector needs to be brought in at the heart of India’s economic growth, said NITI Aayog CEO NITI Aayog CEO Amitabh Kant on Saturday said India’s power is truly represented by its sustained economic growth, which is a key to its future and critical for security reasons. Delivering the keynote address at […]