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‘Developing Asia' to shrink for first time in nearly six decades: ADB

Economy

15 September, 2020

‘Developing Asia' to shrink for first time in nearly six decades: ADB

The coronavirus pandemic will cause economic output in "developing Asia" to shrink for the first time in nearly six...

S&P expects India's economy to contract 9% in FY21

Economy

14 September, 2020

S&P expects India's economy to contract 9% in FY21

S&P Global Ratings said on Monday that it was expecting India's economy to shrink by 9% in the fiscal year ......

Govt likely to borrow more to tide over revenue shortfall

Economy

10 September, 2020

Govt likely to borrow more to tide over revenue shortfall

Revenue shortfalls in India, the major economy hardest hit by the coronavirus pandemic, are likely to force the government to...

Indian economy projected to contract 11.8% in FY21: Fitch arm

Economy

08 September, 2020

Indian economy projected to contract 11.8% in FY21: Fitch arm

India's economy is projected to contract 11.8% on the year in the current fiscal year beginning from April, before bouncing...

India's services activity shrinks for sixth month in August, job losses mount

Economy

03 September, 2020

India's services activity shrinks for sixth month in August, job losses mount

Activity in India's crippled services industry fell for a sixth straight month in August as coronavirus restrictions continued...

Indian economy shrinks record 23.9% in April-June quarter

Economy

31 August, 2020

Indian economy shrinks record 23.9% in April-June quarter

Indian economy contracted at its steepest pace on record of 23.9% year-on-year in the June quarter, official data showed, as ......

India's fiscal deficit crosses full-year budget target in four months

Economy

31 August, 2020

India's fiscal deficit crosses full-year budget target in four months

India's federal fiscal deficit in the four months to end July stood at 8.21 trillion rupees ($111.7 billion), or 103.1% ......

India's recession-hit economy unlikely to recover before 2021

Economy

28 August, 2020

India's recession-hit economy unlikely to recover before 2021

India’s deepest recession on record will linger through the rest of this year and begin to lift only in early ......

Economy more resilient now vs global financial crisis, says RBI Governor

Economy

27 August, 2020

Economy more resilient now vs global financial crisis, says RBI Governor

The Indian economy remains much stronger amid the coronavirus pandemic than it was during the global financial crisis over a ......

Govt consumption key to demand growth in economy: RBI report

Economy

25 August, 2020

Govt consumption key to demand growth in economy: RBI report

Indian government spending will support the economy during the pandemic, but private consumption will be needed to drive any economic ......

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