Economy
Economy
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...
Economy
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 ......
Economy
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% ......
Economy
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
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 ......
Economy
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 ......
Economy
Rising inflation ties monetary policy panel's hands on rate cuts
Rising inflation has complicated the task of India’s monetary policy committee and could limit its ability to support growth,...
Economy
India faces protracted slowdown as virus clouds rural revival
India is staring at a protracted slowdown as coronavirus cases reach its countryside, with signs of recovery in the rural ......
Economy
Retail inflation quickens in July, dims chances of rate cut
India’s retail inflation rose to 6.93% in July on higher food prices, remaining above the RBI’s medium-term target...
Economy
India needs to look beyond what rating agencies think: Raghuram Rajan
Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think...
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