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Yes Bank lowers its FY22 growth estimate for India

Yes Bank on Tuesday revised its growth estimate for India for the financial year 2021-22 to 8.5 per cent. Its previous projection was 10.5 per cent....

Business5 months ago

India’s FY21 GDP to contract 7.7%, says Economic Survey

India’s GDP is estimated to contract by 7.7 per cent during the current fiscal, said the Economic Survey 2020-21 on Friday. The document which was tabled...

Business6 months ago

Pandemic-hit govt finances gets ‘crude’ rescue, oil import bill to fall

At least in the oil sector, the global health emergency caused by coronavirus is coming to India’s advantage. While the relatively lower global prices helped the...

Business6 months ago

India’s FY21 GDP now expected to contract by 7.8%: Ind-Ra

India Ratings and Research on Thursday narrowed the contraction in India’s FY21 gross domestic product (GDP) growth to negative 7.8 per cent from a negative 11.8...

Business7 months ago

India enters into technical recession for first time: RBI Report

India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank...

Business2 years ago

Manufacturing downturn pulls Q2 GDP growth to 4.5 per cent

A massive contraction in manufacturing, agriculture and mining activity pulled India’s GDP growth rate down to 4.5 per cent in the second quarter ended September 2019-20....

Union-Finance-Minister-Nirmala-Sitharaman

Business2 years ago

Growth slow but no recession: Nirmala Sitharaman

Even though the gross domestic product (GDP) growth might have slowed, the country had not entered a recessionary phase, said Finance Minister Nirmala Sitharaman in Parliament...

Business2 years ago

Further demand slowdown on the cards: NCAER

Economic think-tank, National Council of Applied Economic Research (NCAER) on Saturday said India is likely to see a further slowdown in aggregate demand and GDP growth...

Business2 years ago

GDP may grow at 4.2 per cent in Q2: State Bank of India

The second quarter GDP growth may further lower down to 4.2 per cent on low automobile sales, deceleration in air traffic movements, flattening of core sector...

Business2 years ago

Panel set up to boost GST revenue after sharp collection dip

The GST Council on Thursday constituted a committee of officers to improve revenue after the September Goods and Services Tax (GST) collection dropped sharply to a...