He said the pandemic might have applied the brakes on the speed of the economic growth, but the country had left behind the phase of lockdown and entered the first phase of unlocking.
This indicates that GST revenue for May, but collected in June, could recover after reporting a close to 85% shortfall in April vis-a-vis last year
Stock markets generally discount an outcome a few months in advance. They might have seen the bottom in March, unless a more ferocious second wave results in a fresh lockdown, writes Ambareesh Baliga
In comparative terms, India has been a laggard among Emerging Markets in 2020. The downgrade just makes the task of its economic recovery a little more daunting
While this downgrade will not affect the sovereign as it does not borrow overseas, it will however affect Indian companies borrowing from abroad
From informal Indian economy in the time of pandemic, to making cities liveable for migrants, and why Mumbai still struggles to cope with coronavirus - read these and more in today's India dispatch
Weekly economic indicators show a rise in economic activity in days leading up government announcing easing coronavirus lockdown
SGX Nifty, which is up 130 points, is indicating a stronger opening for the Indian indices today
As India moves to open up the country, investors look at sectors that have been resilient. Puneet Wadhwa charts sectors that are expected to do well in the next few months
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
India's gross domestic product for the fourth quarter of the financial year 2020 grew at 3.1 per cent, its slowest pace in at least two years
However on the extreme ends, Bernstein pegged fall in the gross domestic product (GDP) at 7 per cent and Asian Development Bank projected GDP growth at 4 per cent
The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent
A stubborn government has no choice and must listen to experience and wise counsel, says Chidambaram
Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.
He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances
The Sensex closed at 31,715, down 2,002 points, or 5.94 per cent - its biggest single-day loss since March 16.
Here are the top 10 business headlines this morning
The sharp deceleration in growth and increased income uncertainty is certain to pull demand down, it says
At present, the country is under a 40-day lockdown till May 3, and there are indications of it being gradually withdrawn.