GDP
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India
IMF slashes India’s growth forecast; predicts 10.3% contraction
New Delhi: With the world nations reeling under the impact of the COVID-19 pandemic and the lockdown it induced, the Indian economy is expected to contract by 10.3 per cent,…
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Featured News
Without fiscal stimulus 2020-2021 may end up at minus 10 per cent GDP
Venkat Parsa New Delhi: The Modi Government is struggling hard to kick-start the economy. The minus 23.9 per cent growth in the First Quarter signals the need to chalk out on…
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Business
GDP likely to contract 9.5 pc in FY’21: RBI
Mumbai: The Reserve Bank of India on Friday said the economy is likely to contract by 9.5 percent in the current fiscal. GDP contracted 23.9 percent in the first quarter…
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News
Goldman Sachs and Fitch indicate steeper GDP contraction in FY 2021
New Delhi: In an already looming economic environment, financial agencies Goldman Sachs and Fitch on Tuesday forecast economic contraction for India in the financial year 2021, deeper than what was previously…
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Business
GDP figures need to alarm everyone, says Raghuram Rajan
Hyderabad: The 23.9 per cent contraction in the recently released GDP figures must ‘alarm us all’, said former Reserve Bank of India Governor Raghuram Rajan. In his LinkedIn post, he…
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Politics
GDP shrinks by 23.9 pc in Q1: Chidambaram slams Modi-led govt
New Delhi: Former Finance Minister P Chidambaram slammed Prime Minister Narendra Modi-led government after the Indian economy contracted by 23.9 per cent in the April to June quarter (Q1 FY21),…
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Business
COVID shrinks India’s GDP by 23.9 per cent
New Delhi: India’s GDP shrank by the steepest ever 23.9 per cent in the April-June period as the coronavirus lockdowns battered an already slowing economy, official data showed on Monday. Agriculture…
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Business
Stock market: Handling the fluctuations the right way
Fatima Hasan Every now and then the stock market is in the news. We often hear that the indexes – Sensex, Nifty– are falling or sometimes rising. Ever wondered why?…
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World
UK slips into ‘worst-ever’ recession, GDP tumbles 20 per cent
The COVID-19 crisis pushed the United Kingdom (UK)’s economy into recession, as the Gross Domestic Product (GDP) tumbled to over 20 per cent, the lowest in the known history. The…
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Business
Coronavirus impact on GDP will be felt for years to come: Fitch
London: The impact of 2020 coronavirus recession on GDP will continue to be felt for years to come with GDP levels in the largest advanced economies expected to remain around…
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India
More AI adoption may lead to a 2.5% hike in India’s GDP: Report
New Delhi: One unit increase in Artificial Intelligence (AI) intensity by Indian firms can result in a 2.5 per cent increase in the country’s gross domestic product (GDP) in the immediate…
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Business
GDP growth in 2020-21 likely to be in negative: RBI Guv
Mumbai: The Reserve Bank on India (RBI) on Friday said India’s gross domestic product (GDP) growth will be in negative territory in 2020-21 as the outbreak of coronavirus has disrupted…
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Business
Moody’s slashes India GDP growth in 2020 to 2.5 pc
New Delhi: Moody’s Investors Service on Friday slashed its estimate of India’s GDP growth during 2020 calendar year to 2.5 per cent from an earlier estimate of 5.3 per cent,…
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Pakistan
Financial inclusion of women can boost Pak’s GDP by 33%
Islamabad: Pakistan can boost its gross domestic product (GDP) by 33 percent by ensuring the financial inclusion of women and girls, according to speakers at a youth dialogue here. The dialogue…
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Hyderabad News
Telangana’s debt to GDP ratio second lowest in country: KTR
Hyderabad: Contrary to the allegations levelled by the Opposition Congress and BJP, Telangana, according to the Central government, has maintained strong financial discipline and emerged as the State with the…
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Politics
Rahul Gandhi targets PM Modi over inflation, GDP
New Delhi: Congress leader Rahul Gandhi on Wednesday targetted the Centre over increasing inflation and fall in gross domestic product (GDP) growth, while stating that the Prime Minister and his…
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Business
States’ aggregate fiscal deficit to rise to 3 pc of GDP in FY20
Mumbai: The aggregate fiscal deficit of states will touch 3 per cent gross domestic product (GDP) in FY20 against the budgeted figure of 2.6 per cent, India Ratings and Research…
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Top Stories
‘Saved’ economy from disaster, asserts PM Modi
New Delhi: PM Modi, while speaking at the inaugural session of ‘100 years of Assocham (Associated Chambers of Commerce and Industry of India)’, claimed that the Indian Central Government has…
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India
Low GDP not for the first time, economy to bounce back: Modi
New Delhi: Noting that the economy has gone through ups and downs in the past too, Prime Minister Narendra Modi on Friday cited macro economic data from previous governments to…
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India
India has rarely seen GDP growth below 5% since ’91: Garg
New Delhi: Expressing concern over the alarming fall in GDP growth rate, former Finance Secretary Subhash Chandra Garg in a blog post said India has rarely witnessed a sub-5 per cent…
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India
Economy in coma, says Congress as GDP growth falls to 4.5%
New Delh: The Congress on Friday slammed the government after India’s GDP growth rate went down to 4.5 per cent in the second quarter of 2019-20 saying that the economy has…
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Stock Market
Sensex turns red after RBI lowers GDP forecast to 6.1 pc
Mumbai: Equity benchmark indices reversed early morning trends and turned red on Friday afternoon after the Reserve Bank of India cut repo rate by 25 basis points to 5.15 percent…
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Politics
Congress leaders hit out govt as Q1 GDP growth falls to 5%
New Delhi: Congress leaders hit out at the Prime Minister Narendra Modi-led government over the growth rate of 5 percent in April to June quarter. In a tweet on Saturday,…
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Business
Domestic and global headwinds to drag FY20 GDP growth to 6yr low
New Delhi: India Ratings and Research (Ind-Ra) on Wednesday revised India’s gross domestic product (GDP) growth in current financial year downwards to 6.7 per cent — marking a six-year low…
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Business
Fiscal Deficit at 0.75% of GDP in April: DoE figures
NEW DELHI: Fiscal deficit for the month of April was at Rs 1,57,048 crore which is 22 percent of the budgeted estimate for the year 2019-20, slightly lower than what…
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Business
Slowdown in agriculture, manufacturing may pull GDP down to 6.6 pc: Fitch
NEW DELHI: Global rating agency Fitch Ratings has cut forecast for India’s gross domestic product (GDP) growth to 6.6 per cent for the current fiscal 2019-20, from 6.8 per cent…
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Business
GDP overestimated, growth during 2012-17 at 4.5%: ex-CEA
NEW DELHI: The growth numbers have come back to haunt the government with former Chief Economic Advisor (CEA) Arvind Subramanian also questioning the change in GDP calculation methods and numbers…
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Politics
Mayawati tears into Centre over unemployment rate
Lucknow: Bahujan Samaj Party (BSP) supremo Mayawati on Thursday hit out at the Centre expressing dissatisfaction over the increasing unemployment rate in the country that has risen to a record…
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Stock Market
Equity indices open in green, Sensex up 160 points
Mumbai: The key Indian equity indices opened on a positive note on Monday due to buying activity in banking, FMCG and oil and gas stocks. At 9.35 a.m., the Sensex…
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